CryptoKitties NFTs Are Soaring In Value Over Past 24-Hours

CryptoKitties NFTs are soaring in value over the past 24 hours as more than $7 million worth of them were transacted as we are reading more in our latest crypto news.

CryptoKitties as some of the earliest Etheruem NFTs from 2017 started soaring in value amidst the recent NFT market resurgence. Af ew of the original 100 geneses CryptoKittis NFTs sold for hundreds of thousands worth of ETH over the past day. Dapper Lab’s Crypto Kitties are seminal NFT crypto-collectibles while there are other older collections but CryptoKitties NFTs were teh first to be minted using Ethereum’s ERC-721 token standard and their popularity congested the network. Amidst the recent NFT market resurgence, some of the CryptoKitties are in demand again.

In the recent rise of the #NFT, I felt that the 100 Founder @CryptoKitties – the first ever ERC-721 tokens on @EthereumNetw, had been overlooked. I just decided to grab two unbred Virgin Founders. Here are the remaining founder listings:https://t.co/omixAJ0Xkc#First100 #Meow pic.twitter.com/tR4gcM0FuF

— Pranksy 📦 (@pranksy) September 2, 2021

About $7.27 million worth of cryptoKitties NFTs were transacted over a 24-hour period as per the data by Dapp Radar. This is a huge upswing for the 2017 collection which was overlooked during the year’s NFT market surge and it is a 22,106% day-over-day increase according to the crypto analytics company. Most of the interest has focused on NFTs from the original genesis line of CryptoKitties. These were the 100 first NFTs minted on Ethereum blockchain using the now widespread ERC-721 token standard and the NFT actually serves as a deed of ownership to a digital item. With CryptoKitties, it represents a cartoonified cat with different traits and it seems that NFT collector Pranksy, may set off the latest round of the frenzy about CryptoPunks.

Pranksy tweeted about buying a pair of the original 100 founding CryptoKitties which were purchased for 100 ETH each. Fellow NFT collector VonMises, OSF, Punk affirmed their own purhcases of founding CryptoKitties NFTs which Opensea data shows to have been sold for 100 ETH apiece. CryptoKitties NFT owners can breed cats to create new variants and there are now more than 2 million total cats in the collection. DApper Labs’ first project is widely credited with popularizing the concept of NFTs before the market boom and the first 100 such FNTs seem to have growing historical value to collectors and the latest batch of surging prices reflects that view.

Dapper Labs went on to produce another major NFT project known as the NBA Top Shot, which was launched in 2020 and helped crypto-collectibles into the mainstream. The project that runs on Dapper’s Flow blockchain, generated more than $700 million in trading volume as per cryptoSlam.