CryptoKitty Dragon leads the way; sold for 600 ETH ($170,000) 22444 Ethereum-based CryptoKitties
News
Rakesh Ranjan Parashar
Sep 6, 2018 at 4:40 AM

CryptoKitties are back in town and that also in a big way.  This Ethereum-based game which allows users to breed, trade, and sell digital cats, may have scored may have scored a homerun with the sale of a CryptoKitty named Dragon. Dragon was sold for approximately $170,000, or the equivalent of 600 ETH in cryptocurrency.

Upon first glance, there’s nothing to separate Dragon from other felines in the CryptoKitty world. She is also a ninth generation in the digital kitty world, which makes the deal all the more unique. It is important to point out here that higher numbered generations are often deemed unattractive purchases for CryptoKitty collectors.

CryptoKitty Dragon’s moment in the sun

Dragon’s description on the website reads:

Salutations. I’m Dragon. I bit Rebecca Black when I was younger, but those days are gone. Believe it or not, spying on the neighbours is seriously exhilarating. You should try it some time. Let’s connect on ICQ.

So, what is it that triggered such a huge interest in Dragon?

Was it a mistake or is there something unique about the cat that we don’t know?

Well, it doesn’t seem that way. A mysterious user going by the name of Rabono bought the ERC-721 cat for a whopping sum of 600 ETH, making Dragon the most expensive kitty to ever be sold in the DApp-based game beating Founder Cat #18 (Gen 0), which sold for 253 ETH ($110,000) at the peak of December’s CryptoKitties mania.

Axiom Zen, the organization behind the CryptoKitties project, refused to comment on the purchase.

However, company representatives noted that could be a plethora of reasons why Rabono might have decided to purchase #896,775, adding, “Maybe there was a personal connection the buyer had to the cat or the seller… Maybe they really, really, liked how that CryptoKitty looked.”

Dragon manages to lift the sagging spirits of CryptoKitties

To put things into context we must keep in mind that the average price of a CryptoKitty is $9. The sale of Dragon has put new life into the game and the app. Since reaching dizzying heights in December, the total transactions plummeted by 98.4 percent in January. But the sale of Dragon has lifted the spirits and the game’s trading volume has reached the highest level since February.

So, everything seems to be going on well in the feline world, as CryptoKitties get ready to celebrate the entry of the millionth virtual cat in the family.

See Also: Ethereum based CryptoKitties “killer app” making breakthrough in new markets

CryptoKitties to formally launch KittyVerse ecosystem

Image via Shutterstock

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