Announcing CryptoSlate Research — gain an analytical edge with in-depth crypto insight. Learn more.

CryptoKitties Keeps With Ethereum and Goes Open-Source

CryptoKitties Keeps With Ethereum and Goes Open-Source

One of the premier dApps on the Ethereum blockchain last year, CryptoKitties played a central role in bringing global attention to cryptocurrencies. In line with the open-source promise of Ethereum, CryptoKitties is releasing a set of new updates to give users and developers more rights on the platform.

Community Orientation: KittyVerse, Nifty License, and Nifty Kitty Program

Announced on June 26, 2018, CryptoKitties updated its terms of service to be more lenient and unveiled its open-source Nifty License, allowing developers to build new features upon the CryptoKitty core code without having to relinquish ownership rights to their digital assets.

Stated in the CryptoKitties blog post:

This open-sourced license demystifies the ownership rights of ERC-721 tokens when it comes to things like art. Essentially, it allows any cryptocollectible project to take the foundation we have laid and build upon it.

To further promote third-party development, CrypoKitties released the Nifty Kitty Program – a funding pool for projects leveraging the Nifty License to build upon the platform and contribute to the growing CryptoKitty ecosystem of games and tools.

“We’ve already enrolled a few projects, and this is how we currently envision the program working: we’ll give the projects a small loan they repay via revenue, and we’ll invite them to CryptoKitties HQ (on our dime) for an on-site working session.”

Launched last week, these new initiatives aim to foster a community-friendly foundation for what CryptoKitties coined, the KittyVerse, an ecosystem of community-made games, tools, and projects that add to the crypto-collectibles experience.

Responding to community criticism for its previously centralized copyrights, CryptoKitties is now opening its doors to the public with an open-source API, developer toolkit, and user-friendly terms of service.

Aligned with the decentralized model of Ethereum, CryptoKitties expressed intentions to “empower” community creations:

“With the Nifty Kitty Program — and the KittyVerse as a whole — we want to empower this larger experience in a win-win scenario, one where community creators can profit from the incredible experiences they’re building on top of CryptoKitties.”

As a vessel for cryptocurrency mass adoption and blockchain awareness, CryptoKitties has taken on a rather significant community role in conveying the promise of blockchain-based dApps.

CryptoKitties Come of Age With $12 Million in Venture Funding
Related Story: CryptoKitties Come of Age With $12 Million in Venture Funding

With these new updates, CryptoKitties positions itself with the vision of Ethereum as a decentralized, community-oriented platform.

In March, CryptoKitties raised $12 million in venture funding. According to VentureBeat, CryptoKitties gained 1.5 million users and conducted more than $40 million in transactions since March of this year.

Cover Photo by Jason Blackeye on Unsplash

Filed Under: Adoption, Ethereum
Jonathan Kim

Jonathan Kim is a University of Washington student of Finance and cryptocurrency investor with a deep interest in the emerging industry of blockchain applications and cryptocurrency trading. His past experiences involve publishing original daily content for blockchain startups and trading cryptocurrencies using technical analysis principles.

View author profile

Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.