Should we invest in CryptoKitties?
Posted: Fri Jan 05, 2018 11:29 am
I am conflicted and invite your insights.
Here, I’m only going to write about why I think it is here to stay:
1. It’s digital artwork however you look at it
2. Owning something unique instead of mass produced has always been a good investment, historically. Scarcity is one of the extremely few values that may stand up to time.
3. Digital assets require little maintenance. If you ever owned a piece of antique furniture or art, you know how expensive the actual ownership is.
4. We all heard about blockchain technology. CryptoKitties is played on the Ethereum blockchain. Blockchain is real and is likely not going away anytime soon.
5. What about the application itself in this huge data set of blockchain technology? Maybe digital art is one of the applications people can actually relate to. Is it so wrong to invest in something you could actually (more or less) understand?
CBC Spark, one of my favorite podcast channels made a great piece about CryptoKitties among other things to keep you informed. Enjoy:
http://www.cbc.ca/radio/spark/376-crypt ... -1.4451739
Here, I’m only going to write about why I think it is here to stay:
1. It’s digital artwork however you look at it
2. Owning something unique instead of mass produced has always been a good investment, historically. Scarcity is one of the extremely few values that may stand up to time.
3. Digital assets require little maintenance. If you ever owned a piece of antique furniture or art, you know how expensive the actual ownership is.
4. We all heard about blockchain technology. CryptoKitties is played on the Ethereum blockchain. Blockchain is real and is likely not going away anytime soon.
5. What about the application itself in this huge data set of blockchain technology? Maybe digital art is one of the applications people can actually relate to. Is it so wrong to invest in something you could actually (more or less) understand?
CBC Spark, one of my favorite podcast channels made a great piece about CryptoKitties among other things to keep you informed. Enjoy:
http://www.cbc.ca/radio/spark/376-crypt ... -1.4451739