Categories: CryptoNews

KittyRace Lets CryptoKitties Race One Another on the Blockchain

It was only a matter of time until we saw some further developments in the CryptoKitties department. That particular project has raised a lot of money and attention over the past few months. KittyRace aims to build further on this concept by letting owners of CryptoKitties race their cats against one another. Whether or not there will be much of an interest in doing so is a different matter altogether.

KittyRace Also Welcomes Spectators

It is quite interesting to see how KittyRace aims to make an impact on the blockchain asset space. More specifically, the project takes a page out of the book of CryptoKitties and goes one step further. More specifically, this new platform lets owners of CryptoKitties race their assets against one another. While no one has asked for such a service, it is still pretty interesting to keep an eye on.

On paper, KittyRace lets users race their CryptoKitties, but it is also possible to spectate ongoing races. That in itself opens up a lot of new opportunities, although there may not be much interest in this concept. This project does bring an additional use case to CryptoKitties, as there have been some concerns over the long-term viability of this particular blockchain asset.

Related Post

A total of 10 different CryptoKitties will be able to race against one another. Users will need to pay an entry fee in order to participate. The races themselves will be initiated by calling the KittyRace smart contract. The person who executes the contract will be reimbursed in the form of 10% of the initial fee. It is a pretty simple concept that may just work out in the long run, assuming people are willing to spend money to race in the first place.

Determining the outcome of every race is a bit different from what most people would expect. Every racer is given a score based on a provably fair random roll, genetic makeup, and position. There is a first-mover advantage when joining a race, as the first two entrants will receive one and two points, respectively. All other factors reward anywhere from zero to 19 points, and whoever accumulates the most points wins the race.

While this is a pretty interesting project in its own right, there are still a lot of questions regarding its long-term viability. Building further on the hype which CryptoKitties has generated could certainly work out, but there is still an overall sense that the initial buzz surrounding that project will run out. Creating unique blockchain assets is one thing, but ensuring there is a long-term business plan in place is something else entirely.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

TRON Leads All Blockchains in November Fees as Perpetuals Trading Surges 271%

TRON ended November as the top blockchain by fees, extending its dominance in payment infrastructure…

1 day ago

Prediction Markets Hit New All-Time Highs as November Volume Surges to $14.3B

Prediction markets just locked in another breakout month. November closed with $14.3 billion in total…

1 day ago

Trust Wallet Launches Native Predictions: A New Era for On-Chain Betting

Trust Wallet is stepping into a completely new lane. The CZ-owned self-custody wallet has launched…

2 days ago

Kraken Acquires Backed to Supercharge Tokenized Equities as xStocks Enters Its Next Phase

Kraken has announced the acquisition of Backed, the tokenization platform behind some of the fastest-growing…

2 days ago

Sui Pauses & AVAX Rebounds While Zero Knowledge Proof’s 200M Daily Presale Auction Goes Live, Sparking Massive Buyer Rush

Sui Pauses & AVAX Rebounds While Zero Knowledge Proof’s 200M Daily Presale Auction Goes Live,…

3 days ago

Europe Takes Down Cryptomixer: A $1.4B Bitcoin Laundering Machine Falls After Eight Years

Europe just shut down one of crypto’s longest-running shadows. Germany and Switzerland, backed by Europol,…

3 days ago