Connect with us

Plato Vertical Search

Blockchain

MoonCats: Almost-Free NFT Collectible Felines Are Selling for a Huge Markup

What the hell are MoonCats? MoonCats, Ethereum-based collectible NFTs deployed on August 9th, 2017, have now all been rescued and are now finding their way onto marketplaces like OpenSea. Users could rescue cats (from the moon, naturally) at just the gas fee cost up until yesterday when all 25,600 had been rescued. MoonCatsRescue employs an […]

MoonCats: Almost-Free NFT Collectible Felines Are Selling for a Huge Markup was originally found on Blokt – Privacy, Tech, Bitcoin, Blockchain & Cryptocurrency.

What the hell are MoonCats?

MoonCats, Ethereum-based collectible NFTs deployed on August 9th, 2017, have now all been rescued and are now finding their way onto marketplaces like OpenSea. Users could rescue cats (from the moon, naturally) at just the gas fee cost up until yesterday when all 25,600 had been rescued.

MoonCatsRescue employs an off-chain algorithm that requires users’ CPU resources to find cats. This allowed the MoonCats to be more equally distributed. At the time of writing, there are 1,644 holders.

The MoonCats contract allowed only 25,600 MoonCats to be added out of a possible 4 billion unique combinations. After this point, no more cats could be rescued. Users that have rescued MoonCats can name them, but only once; once a MoonCat has been named, it is permanent.

Interestingly, there are not really any rare cats. This is different from other collectibles such as CryptoPunks and may mean we see less extremely valuable cats, but all cats may hold a similar, equally good value.

Genesis MoonCat Sells for 100 ETH

There are 256 Genesis MoonCats, which are particularly rare cats that could not be rescued like the others. These Genesis cars are currently selling for 100 ETH on OpenSea, and others are listed for over 420 ETH. The average price for each non-genesis cat is 0.6673 ETH, significantly higher than the roughly $40 gas cost required to rescue the carts.

How can I get MoonCats?

Unfortunately, there are no more MoonCats available to rescue, but MoonCats can be purchased from marketplaces such as OpenSea or Rarible.

BitStarz Player Wins Record-Breaking $2,459,124! Could you be next to win big? >>>
Blokt is a leading independent privacy resource that maintains the highest possible professional and ethical journalistic standards.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://blokt.com/news/mooncats-almost-free-nft-collectible-felines-are-selling-for-a-huge-markup

Advertisement. Scroll to continue reading.
Advertisement

Related Streams

Blockchain

Today, despite the risks in using cryptocurrencies as well as the moves to tighten control over cryptocurrencies by the governments, cryptocurrencies are increasingly widely...

Blockchain

MyTona has become the first company in Russia to announce its plans in the Metaverse sector. The Yakutsk-based game developer said in a release...

Blockchain

Play-to-earn gaming platform Axie Infinity recently posted on Twitter that “A Genesis Land Plot just sold for 550 ETH.” Amounting to $2.3 million, it...

Blockchain

The latter half of October saw RUNE massively rally on its price charts. In the fortnight between 19 October to 2 November, this altcoin...