Think cryptokitties is not serious business? Think again. The Ethereum-based digital kitten collectibles game has taken over the blockchain platform.
On Sunday, one such digital kitty sold for more than $120,000 (£90,000). Overall, according to a CoinBase article the cryptokitty sale reached $12 million last week.
And the trend shows no sign of slowing down: according to reports, the Ethereum network attributed a major slowdown in its transaction processing to these kittens.
Cryptokitties is a trading game on Ethereum, that allows collectors to breed, and trade their digital felines using ether.
Meanwhile, Ethereum is trading at $468.54 on Monday at 10.00 AM ET, while bitcoin is trading at $16,566.01 at the same time.
Read more at CoinTelegraph and TechRepublic.