Players can buy and sell virtual cats for as much as $10,000 on the new cryptocurrency
DIGITAL currency Ethereum sustained a slight fall against the US dollar and is now trading at 425.06 – a seven per cent drop from Wednesday.
The cryptocurrency can be purchased from the Coinbase app where users can also buy Bitcoin. But what is CryptoKitties, the new game which has increased the value of Ethereum?
What are CryptoKitties?
CryptoKitties, dubbed the next big cryptocurrency, is a new application built on the Ethereum chain.
It was launched on Thanksgiving and became available for transactions last Tuesday.
Players can buy and sell virtual cats for as much as $10,000, in a bid make hundreds of thousands more in real value.
Users purchase their collectable kitties with Ethereum, and then breed them to create more kitties.