A test version of
CryptoKitties was unveiled at ETH Waterloo on October 19, 2017, an Ethereum
hackathon. The game launched on 28 November 2017 following a five-day
closed beta. Genesis, the first high selling cat, was sold for ETH246.9255 (~
US$117,712) in December 2017. On March 20, 2018, it was announced that
CryptoKitties would be spun off into its own company, Dapper Labs, and raised $12 million from several top venture capital firms and angel investors. The investment round was led by New York based
Union Square Ventures and San Francisco based
Andreessen Horowitz. On May 12, 2018, a CryptoKitty was sold for $140,000. In May 2018,
CryptoKitties launched their first celebrity-branded CryptoKitty with
Stephen Curry, an American professional basketball player. As part of the partnership, Curry was given three CryptoKitties with special imagery, the first of which he put up for
auction. The company later suspended the auction, claiming that Stephen Curry was not as involved as they initially thought. The company was later sued for trade secret theft over the Stephen Curry collectibles. The court ruled in the company's favour, stating that "[t]he evidence demonstrates that Defendant, not Plaintiff, developed the idea to license digital collectibles using the likeness of celebrities first…". In October 2018,
CryptoKitties reached the milestone of 1 million cats being bred with a volume of 3.2 million transactions on its smart contracts. By 2022, the game had fallen to generally fewer than 100 sales a day, for a total value of less than $10,000. == Technology ==