Crypto Academy Season 2 Week 2|| Homework 2 post for [@levycore]

Good morning everyone.
It was a very delightful lesson by @levycore and I must say that I learnt a whole lot of new things.
I am new to crypto, and this is my first post in @cryptoacademy and I am so happy to be part of this wonderful community.

Well, NFTs is an acronym for Non-Fungible Tokens.
NFTs are products that are only represented by one particular official owner. They are protected by the ethereum blockchain which prevents the multiplication of ownetship.
NFTs cannot be traded outside the particular network hence prevents the intervention of third parties.

The NFT project I studied about
Today, I will be talking about a very interesting NFT project i read about called CRYPTOKITTIES

ABOUT CRYPTOKITTIES
Cryptokitties is a game invented by Axiom Zen in December 2017. It is an ethereum based game that allows its users to collect, purchase and breed digital cats. The game has tokens that are non-fungible because each token represents a unique digital cat. These cats are unique because they own features that are unique to them. These features include colour of fur, eyes, hair and other attributes.

Different cats with different cattributes
The cryptokitties developers termes these features CATTRIBUTES. Therefore, no virtual cats can be replicated, taken away or destroyed.
Some cats are male, while others are female. Thw female are called DAMES while the males are called SIRES

Src

For new users to earn cats for breeding, they need to deposit some ethereum in the game's official wallet then purchase new kittens from the marketplace. You can either purchase a sire or a dame. A user with a Sire will have to look for another with a Dame and then start breeding. Of course the user with a dame gets to keep the new kitties, but he or she will place a fee called the SIRING fee. When a new kitty is born, it possess cattributes from both parents.

Cryptokitties market requests as at December, 2017

Older cryptokitties players aim at collecting as many digital cats as possible. The value of each digital cat is determined by its generation and scarcity. The very first cryptokitty was developed by the owners are called the Gen 0. The Gen 0 has a fixed amount of 50,000, hence the most valuable. Their values increase overtime.

Other kitties with high value include those with low ID number, exclusive cats or founder cats. These cats are traded at higher prices in the marketplace. This game attracted much attention and it was the first NFT to go into mainstream in 2017. This is because its users could purchase, breed and sell kitties for a profit. This led to a large number of transactions on the ethereum blockchain on a daily basis reaching a total of about 1.3million transactions in 2018. Since cryptokitties are NFTs, they have no value outside the blockchain, hence cannot be traded with any other digital tokens or coins.

CONCLUSION
The era of cryptokitties has actually passed but the game still has a leading on the NFT space. The all-time trading volume of cryptokitties is about 32million dollars which is equivalent to 66,000 ethereum with about 1.5million NFT assets created.

Thank you so much for this opportunity @cryptoacademy.
Please rate my work professor @levycore.