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Creating digital scarcity

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The CryptoKitties team addressed the concept of digital scarcity for singular items by way of their digital collectibles. No two CryptoKitties are alike — each one is unique. Digital goods, which aren’t a new concept, have seen real-world valuation. For example, World of Warcraft’s gold farmers use the Steam platform’s online marketplace, where users can buy and sell in-game items across their PC’s video game collection. However, this niche, which was limited to video games, lacked the features that blockchain affords. You can find numerous examples of hacking or cheating or developers influencing the ecosystem.

Digital collectibles hold immense potential that started with digital cats but has since moved on to all types of collectibles and art.

NFTs For Dummies

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