Vintage CryptoKitties and the Quest for Authenticity

Research output: Chapter in Book/Conference proceedingConference contributionpeer-review

13 Citations (Scopus)

Abstract

This paper presents the case of the blockchain-based game CryptoKitties (Axiom Zen, 2017), more specifically, one particular way of making game tokens potentially more valuable by labeling them 'vintage'. Firstly, I show how the meaning of 'vintage' was collectively constructed by the community of players and negotiated online until it was acknowledged by the owners of the game. Secondly, I measure the influence of the 'vintage' label on the game market in the first six months of 2018. I base my measurements on open market data available through such services as KittyHelper, Etherscan and the Chrome plug-in CKBox. I conclude that 'vintage kitties' did not acquire surplus market value even after they became a publicly recognized part of the game: breeding them resulted in losses for the majority of players. However, their retro aesthetics inspired creativity of many players and signified the social status of 'the new rich'.

Original languageEnglish
Title of host publication2021 IEEE Conference on Games, CoG 2021
PublisherIEEE Computer Society
ISBN (Electronic)9781665438865
DOIs
Publication statusPublished - 2021
Externally publishedYes
Event2021 IEEE Conference on Games, CoG 2021 - Copenhagen, Denmark
Duration: 17 Aug 202120 Aug 2021

Publication series

NameIEEE Conference on Computatonal Intelligence and Games, CIG
Volume2021-August
ISSN (Print)2325-4270
ISSN (Electronic)2325-4289

Conference

Conference2021 IEEE Conference on Games, CoG 2021
Country/TerritoryDenmark
CityCopenhagen
Period17/08/2120/08/21

Keywords

  • blockchain
  • browser games
  • crypto games
  • cryptocurrencies
  • Ethereum
  • online marketplaces
  • virtual economies

ASJC Scopus subject areas

  • Artificial Intelligence
  • Computer Graphics and Computer-Aided Design
  • Computer Vision and Pattern Recognition
  • Human-Computer Interaction
  • Software

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