Gen-0 CryptoKitties NFT
Gen-0 CryptoKitties NFT

Gen-0 CryptoKitties NFT

In the early days of CryptoKitties, the creators of the first NFT project auctioned off generation zero, or β€œGen-0” cats, which are the ancestors of every cat in the game.

There can only ever be 50,000 Gen-0 cats as specified in the Ethereum smart contract making Gen-0’s have more value than most cats because of their rarity.

Gen-0 Kitty production stopped in November 2018 with only 34,928 in existence and this figure can be checked by looking at the smart contract function gen0CreatedCount on etherscan.

πŸ”§ Value & Utility

Gen-0 cats remain valuable for a variety of reasons but at its core, these CryptoKitties are NFTs with overpowered breeding properties and hard capped scarcity.

Breeding Utility

  • Possess fastest cooldowns in CryptoKitties for virgin (mint) cats
  • Genetics are precursors to unlocking the entire CryptoKitties trait tree

Speculative Value

  • Guaranteed scarcity with a hard cap of 50,000 enforced by the smart contract
  • Immediate exposure to the NFT ecosystem with correlation to market activity
Oct '20 - Mar '21 USD/$WG0 on Uniswap
Oct '20 - Mar '21 USD/$WG0 on Uniswap

Over time the CryptoKitties community has improved the utility of Gen-0 cats.

To improve liquidity, collectors wrap Gen-0s into ERC-20 tokens. Every ERC-20 is backed 1:1 by a Gen-0 and to-date over 2,000 cats have been wrapped.

Wrapped Gen-0 cats benefit from immediate liquidity as they can be exchanged on Uniswap.

Gen-0 collectibility spectrum contains many verticals of collecting that fit a wide range of budgets.

Collectors look for rare colors, eye shapes, fur types, and even the first Gen-0 cats to start a bloodline when assessing collectibility.

The most accessible Gen-0 traits can range from $500 - $1,000 and the most expensive being millions.

In the early days, collectibility derived from breeding utility but with the introduction of new features, collectibility widened.

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πŸ’Ž Understanding Gen-0 Scarcity

There are many verticals of Gen-0 collecting which we will break down into types before diving into properties of each.

Types

NameDescriptionSupply Type
Virgin
Gen-0 cats that have not been used in breeding and remain in mint condition.
Deflationary
Founders
Rare and iconic, record-setting CryptoKitties
Capped
Rare genes
Scarce Gen-0s with a rare genes
Capped
Gems
Gen-0 cats that with genetics that established a new bloodline denoted by Diamond, Gilded, Amethyst and Lapis.
Capped
Fancies
Born as Fancy cats with special artwork.
Capped
Exclusive
Minted by CryptoKitties as Exclusive cats with special artwork. Supply is uncapped as CryptoKitties still holds a small number of Gen-0s which can be used.
Uncapped

Virgin - Less than 16,000 exist

These cats have never been bred and remain in mint condition. Their supply is decreasing because mint Gen-0 cats are actively (or accidentally) being bred.

Wrapped Virgin Gen-0 tokens ($WVG0) exist and are much more expensive than $WG0.

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Rare traits and special cats

These cats possess mewtation gems or genes that are rare and highly collectible.

Traits

NameTypeDescriptionScarcityMarketSales
Diamond
Gem
First cat with trait
29
Gilded
Gem
Next 9 cats with trait
238
Meowgarine
Gene
Base color
332
Cymric
Gene
Base color
380
Gold
Gene
Eye color
668
Googly
Gene
Eye shape
743
Mittens
Gene
Pattern
778
Orangesoda
Gene
Base color
854
Ragamuffin
Gene
Fur
947
Himalayan
Gene
Fur
952
Aquamarine
Gene
Base color
1137
Salmon
Gene
Base color
1139
Morningglory
Gene
Accent color
1857
Amethyst
Gem
Next 90 cats with trait
3558
Lapis
Gem
Remaining 400 cats with trait
9378

😼 Founder cats *work-in-progress

Founders make up the first 100 cats in the game and possess overpowered genes found in no other CryptoKitties.

The market for these Gen-0 cats fluctuates with some cats selling for over $100,000.

May '20 - Mar '21 Founder sales
May '20 - Mar '21 Founder sales

Founder quality can be determined by its genetics and the chart to the right showcases the difference between Founders.

These highly coveted cats can be purchased on the CryptoKitties marketplace and regularly see offers for enormous sums of money.

Fancy Gen-0 cats

In some cases, Gen-0 cats have born as Fancies when they were minted from CryptoKitties either by mistake or by design. The two Gen-0 Fancies are Shipcat, which is also the first Fancy cat in the game, and Dregg0.

Production of Gen-0s has ceased and eliminated the potential for new Gen-0 Fancies to be created.

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Shipcat

Shipcat is the first Fancy cat to ever be created in CryptoKitties. While most of these Shipcat Fancies are bred as non-Gen 0, few were minted as Gen-0 by CryptoKitties making them incredibly scarce.

Some collectors argue that these are the rarest CryptoKitties in the game exceeding the value of even Founders.

  • Circulating count: 5

Dreggo

Dreggo is a Fancy cat that was both breedable (non-gen 0) and minted by the CryptoKitties team as Gen-0s. These Fancies were part of the celebration to end the production of Gen-0s.

They are significantly more accessible and affordable than their Gen-0 Shipcat counterparts.

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πŸ’Έ Buy your first Gen-0

CryptoKitties Marketplace

The CryptoKitties marketplace is where most trading volume occurs and is the recommended method of buying Gen-0 cats with rare traits.

Pros

  • Search for rare traits using filters
  • Create below market value offers

Uniswap

Speculators can get immediate exposure to Gen-0s by buying $WG0 on the Uniswap exchange. Each ERC-20 token is backed 1:1 by a Gen-0 cat in the Wrapped Gen-0 smart contract.

Pros

  • Immediate liquidity for buying and selling Gen-0 cats.
  • Buy multiple Gen-0s in a single transaction

πŸ”— Links and resources