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The launch of CryptoKitties in November 2017 Historic moment for NFTs
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According to research The launch of CryptoKitties in November 2017 was indeed a historic moment for NFTs. First major blockchain game CryptoKitties was the first major game to utilize blockchain technology, specifically the Ethereum network. It allowed players to buy, sell, and create unique digital cats represented as non-fungible tokens (NFTs). NFT pioneers : CryptoKitties is considered one of the earliest examples of a blockchain project designed for recreation, paving the way for future NFT projects.
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Ethereum network impact : The game's popularity in December 2017 congested the Ethereum network, causing it to reach an all-time high in transactions and slowing it down significantly. This led to Ethereum miners increasing the gas limit to accommodate more data per block. Significant sales : The Genesis cat, one of the first CryptoKitties, was sold for ETH246.9255 (~ $117,712) in December 2017, showcasing the potential value of NFTs. Dapper Labs' success : CryptoKitties' success led to the creation of Dapper Labs, a Canadian studio that developed the game. Dapper Labs has since become a prominent player in the NFT space. Overall, CryptoKitties' launch marked a significant milestone in the development of NFTs, demonstrating their potential for entertainment, collectibility, and value exchange.
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