Why people are buying cartoon cats on the blockchain

Forget cryptocurrencies. These are cryptocollectibles. Subscribe to our channel! http://goo.gl/0bsAjO Every time you send something on the internet, it’s a copy. But using new technology, can we make digital goods that are... rare? That’s the question behind CryptoKitties, a new game to buy, breed, and sell digital cats on the blockchain. These cats are more similar to real-world collectibles like beanie babies or baseball cards than they are to cryptocurrencies like Bitcoin or Ethereum. In just the last few months, a whole community of third party sites and services has formed around CryptoKitties. And fans have spent more than $23 million playing along. All of this is made possible by the clever and surprising code behind the game. Vox.com is a news website that helps you cut through the noise and understand what s really driving the events in the headlines. Check out http://www.vox.com. Watch our full video catalog: http://goo.gl/IZONyE Follow Vox on Facebook: http://goo.gl/U2g06o Or Twitter: http://goo.gl/XFrZ5H