The last few years have seen decentralization becoming a culture. Even communities on social media are beginning to adopt decentralization as a viable option towards customization and democratization. The decentralized products are becoming more and more community-driven, and the activities of the community members often have positive effects on the value of the products.
Dogecoin is the prime example of how a practical joke could become market-relevant with the support of a fervent community. The meme-coin was soon accepted by several major networks as a viable method of payment along with Bitcoin and Ethereum. While the price of Dogecoin is volatile, this volatility has its benefits. It allows cryptocurrency day-traders, those being traders who enter and exit a trade within one day, to trade off this volatility and benefit from the extreme swings in Dogecoin’s value. Visit the link to find more information about Dogecoin’s price and predictions. Soon many projects, like Shiba Inu, Floki Inu, and Baby Shiba Inu, followed Dogecoin and earned significant market capitalization within months since their launch.
Kitty Inu, a new crypto project, was launched on the 24th of October in 2021. The project intends to capitalize on the craze for dog-faced meme-coins. However, Kitty Inu is not really a dog but a cat disguised as a Shiba Inu. The idea subtly symbolizes the arrival of a female-led team of professionals in a space widely dominated by men. Just over three months from the launch, the group of professionals have not wasted a single minute and dived straight into developing new ideas for the project. One would be amazed to know about the plans of this relatively young cat-coin for 2022.
Kitty Inu has already started working on its NFT projects. $KITTY is all set to be the native coin for the NFT-based games developed by this project. These games would be played free of cost and would be used to mine $KITTY coins. The coins are mined or earned through gameplay or purchases from the secondary market. Moreover, these games will be built on the Ethereum blockchain, where the users can race the Kitty Kart to earn rewards and NFTs. The games are said to be jubilant, vibrant, and serious, modeled after the likes of Mario Kart and Crash Bandicoot.
The partnership of Kitty Inu with Culture DAO expects to develop an AI-driven Kitty character. Culture DAO is a decentralized Web3 developer founded by the Emmy award-winning businessman Edwards Saatchi who previously helmed Fable and Oculus Studios. The Kitty character would access different sets of data to be able to empathize precisely with the situations. This would be helpful to customize the activities of the AI when they are adopted in different communities and public spaces in the metaverse.
Kitty has established ties with Shopping.io to improve the real-world utilities of the coin. The user outside the US would be able to use $KITTY on major retail stores under Shopping.io. This KYC-verified, Certik-audited dog-coin project is currently available Uniswap and Pancakeswap for trading.