What is the impact of Crypto Kitties on the cryptocurrency market?

1 answers

• May 15, 2022 · 3 years ago
  As a leading digital asset exchange, BYDFi has closely monitored the impact of Crypto Kitties on the cryptocurrency market. While the game did cause some temporary congestion on the Ethereum network, it also brought attention to the scalability issues that needed to be addressed. This led to the development of layer 2 solutions and other scaling solutions, which have since improved the overall efficiency of the Ethereum network. Additionally, the success of Crypto Kitties demonstrated the demand for unique digital assets and helped pave the way for the rise of NFTs in the broader cryptocurrency market.
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