They were wildly popular even as they were ridiculed. Now, CryptoKitties, the startup company that received $12 million in March from some big investors to build out its digital feline project, has fallen on hard times.
According to Business Insider, like the Beanie Babies to which they were likened, CryptoKitties became a wildly popular favorite among collectible seekers. That’s why some heavy hitters, including Andreessen Horowitz and Union Square Ventures, gave the kitties so much milk money.
But now the price has fallen to around $5 from a high of $41 a few months ago. Is it time to put the kitty out? Read more here.