Etheremon is the latest crypto-craze, but be careful before you dive in

It was only a matter of time before someone tried to copy the success of CryptoKitties, a virtual collectibles game that was so popular it hogged the Ethereum network nearly entirely for itself in early December. 

The new game is called Etheremon, and it allows you to purchase, with ether (Ethereum’s currency), virtual monsters which earn you interest depending on their popularity.

The game in its current state is incredibly basic: You buy pictures of monsters and in the future you may be able to trade or even do battles with them. To play, all you need to do is visit the site with an activated Metamask browser extension that’s funded with some ether. 

Right now, pretty much the only thing you can do with your Etheremon is keep them, which earns you a small amount ether every time someone else buys that same type of Etheremon, which aren’t cheap — prices range from 0.37 ETH ($298) to 1.2 ETH ($966). 

And therein lies the problem: In its current state, this is little more…

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