Cryptokitties that was developed at ETHWaterloo hackathon by four Pokemon enthusiast crypto developers, have now turned into a $12M separate business entity backed by Union Square Ventures and Andreessen Horowitz. The ‘oh so adorable’ factor along with recreational game centered game centered non-fungible ‘one of a kind’ token made most of the blockchain enthusiasts the new ‘crazy cat ladies’ Many skeptics have called this craze as pricey Beany babies devoid of values. Such comparison have always stemmed out of lack of understanding of emerging technology and cryptoeconomics.