Nobody could have imagined that buying and selling cute digital kitties would become so popular. But the game alone accounted for 15% of Ethereum’s network traffic. The popularity of the game lies in its accessible demonstration of what blockchain and smart contracts can achieve. Each digital kitten is unique and its ownership cannot be altered. This helped the decentralized marketplace process more than $12 million. Customers from all over the world are spending up to $120,000 on the cute digital asset.
CryptoKitties success has demonstrated that international trading of assets via blockchain can be fast and efficient. Using the same mechanisms, users can trade any asset via blockchain without fear of theft or scam.
Moreover, transactions aren’t processed by middlemen, even on such a global scale. This means that banks will no longer be able to enforce their strict Know Your Customer (KYC) and Anti-Money Laundering (AML) policies.
For more:
https://dowbit.com/blockchain-meets-games-cryptokitties-sales-hit-12-mln/
