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Feature image of Xiaomi Jumps on Blockchain Pet Bandwagon with Cryptorabbits

Xiaomi Jumps on Blockchain Pet Bandwagon with Cryptorabbits

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  • 8:15 PM HKT, Fri March 16, 2018

2 mins read

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TechNode STAFF

2 mins read

Feature image of Xiaomi Jumps on Blockchain Pet Bandwagon with Cryptorabbits

Editor’s note: This article by Eva Yoo was originally published by TechNode, the leading English-language authority on technology in China. It has been re-posted here with permission.

After Baidu’s financial blockchain lab released the blockchain pet Cryptodoggies (莱茨狗), Netease also launched a similar product, “Lucky Cat (招财猫).” Now, Xiaomi seems to have used the same form of blockchain layout. Xiaomi’s blockchain product is called “Cryptorabbit (加密兔)” and is currently being tested, Chinese media iFeng is reporting. Xiaomi chose a rabbit since their mascot, “Mitu (米兔, meaning Rice Rabbit),” is a rabbit.

According to the “User Services Agreement,” Cryptorabbit is a digital pet service provided by Xiaomi based on the blockchain, and feeds on digital “rice grain (米粒)” in the game.

Public

CryptoRabbits (Image Credit: TechNode China)

Crypto-collectibles show the potential of future gaming because, unlike traditional games, which focus on recreational entertainment, it is highly opportunistic and attracts players into the game. With blockchain technology, the platform guarantees that every pet is unique in the world, cannot be copied, and cannot be destroyed.
Cryptokitties was the first digital game based on Ethereum blockchain technology launched by a Vancouver-based innovation studio, and attracted a lot of attention from users and reached a valuation of tens of millions of dollars (in Chinese). Showing the huge market potential and profitability of digital pets, this grabbed the attention of Chinese startups and started the crypto pet bandwagon, which now includes cryptodoggies and crypto alpacas (加密羊驼).

Those who join the crypto pet bandwagon should be cautious not to overstep the domestic policy red line, however. Netease launched “Lucky Cat (招财猫)”, taking its name from the figurine cat usually found at the entrance of shops. After a period of internal beta testing, it still hasn’t been released to the public. Some analysts pointed out that this is may be because Lucky Cat supports digital currency payment, touching the domestic policy red line.
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Feature image of Xiaomi Jumps on Blockchain Pet Bandwagon with Cryptorabbits

Xiaomi Jumps on Blockchain Pet Bandwagon with Cryptorabbits

Avatar of TechNode STAFF

TechNode STAFF

  • 8:15 PM HKT, Fri March 16, 2018

2 mins read

Editor’s note: This article by Eva Yoo was originally published by TechNode, the leading English-language authority on technology in China. It has been re-posted here with permission.

After Baidu’s financial blockchain lab released the blockchain pet Cryptodoggies (莱茨狗), Netease also launched a similar product, “Lucky Cat (招财猫).” Now, Xiaomi seems to have used the same form of blockchain layout. Xiaomi’s blockchain product is called “Cryptorabbit (加密兔)” and is currently being tested, Chinese media iFeng is reporting. Xiaomi chose a rabbit since their mascot, “Mitu (米兔, meaning Rice Rabbit),” is a rabbit.

According to the “User Services Agreement,” Cryptorabbit is a digital pet service provided by Xiaomi based on the blockchain, and feeds on digital “rice grain (米粒)” in the game.

Public

CryptoRabbits (Image Credit: TechNode China)

Crypto-collectibles show the potential of future gaming because, unlike traditional games, which focus on recreational entertainment, it is highly opportunistic and attracts players into the game. With blockchain technology, the platform guarantees that every pet is unique in the world, cannot be copied, and cannot be destroyed.
Cryptokitties was the first digital game based on Ethereum blockchain technology launched by a Vancouver-based innovation studio, and attracted a lot of attention from users and reached a valuation of tens of millions of dollars (in Chinese). Showing the huge market potential and profitability of digital pets, this grabbed the attention of Chinese startups and started the crypto pet bandwagon, which now includes cryptodoggies and crypto alpacas (加密羊驼).

Those who join the crypto pet bandwagon should be cautious not to overstep the domestic policy red line, however. Netease launched “Lucky Cat (招财猫)”, taking its name from the figurine cat usually found at the entrance of shops. After a period of internal beta testing, it still hasn’t been released to the public. Some analysts pointed out that this is may be because Lucky Cat supports digital currency payment, touching the domestic policy red line.
Public
A Guide to the Coming Chinese Tech IPOcalypse
Article Mar 14, 2018

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Chinese Boy Band TFBoys Has Its Own Cryptocurrency
Article Feb 12, 2018


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Feature image of Xiaomi Jumps on Blockchain Pet Bandwagon with Cryptorabbits

Xiaomi Jumps on Blockchain Pet Bandwagon with Cryptorabbits

Picture of TechNode STAFF

TechNode STAFF

2 mins read

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TechNode STAFF

2 mins read

Feature image of Xiaomi Jumps on Blockchain Pet Bandwagon with Cryptorabbits

Editor’s note: This article by Eva Yoo was originally published by TechNode, the leading English-language authority on technology in China. It has been re-posted here with permission.

After Baidu’s financial blockchain lab released the blockchain pet Cryptodoggies (莱茨狗), Netease also launched a similar product, “Lucky Cat (招财猫).” Now, Xiaomi seems to have used the same form of blockchain layout. Xiaomi’s blockchain product is called “Cryptorabbit (加密兔)” and is currently being tested, Chinese media iFeng is reporting. Xiaomi chose a rabbit since their mascot, “Mitu (米兔, meaning Rice Rabbit),” is a rabbit.

According to the “User Services Agreement,” Cryptorabbit is a digital pet service provided by Xiaomi based on the blockchain, and feeds on digital “rice grain (米粒)” in the game.

Public

CryptoRabbits (Image Credit: TechNode China)

Crypto-collectibles show the potential of future gaming because, unlike traditional games, which focus on recreational entertainment, it is highly opportunistic and attracts players into the game. With blockchain technology, the platform guarantees that every pet is unique in the world, cannot be copied, and cannot be destroyed.
Cryptokitties was the first digital game based on Ethereum blockchain technology launched by a Vancouver-based innovation studio, and attracted a lot of attention from users and reached a valuation of tens of millions of dollars (in Chinese). Showing the huge market potential and profitability of digital pets, this grabbed the attention of Chinese startups and started the crypto pet bandwagon, which now includes cryptodoggies and crypto alpacas (加密羊驼).

Those who join the crypto pet bandwagon should be cautious not to overstep the domestic policy red line, however. Netease launched “Lucky Cat (招财猫)”, taking its name from the figurine cat usually found at the entrance of shops. After a period of internal beta testing, it still hasn’t been released to the public. Some analysts pointed out that this is may be because Lucky Cat supports digital currency payment, touching the domestic policy red line.
Public
A Guide to the Coming Chinese Tech IPOcalypse
Article Mar 14, 2018

Public
Chinese Boy Band TFBoys Has Its Own Cryptocurrency
Article Feb 12, 2018


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Faed13eb14ea23df053d7983500766f0

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Feature image of Xiaomi Jumps on Blockchain Pet Bandwagon with Cryptorabbits

Xiaomi Jumps on Blockchain Pet Bandwagon with Cryptorabbits

Picture of TechNode STAFF

TechNode STAFF

2 mins read

Editor’s note: This article by Eva Yoo was originally published by TechNode, the leading English-language authority on technology in China. It has been re-posted here with permission.

After Baidu’s financial blockchain lab released the blockchain pet Cryptodoggies (莱茨狗), Netease also launched a similar product, “Lucky Cat (招财猫).” Now, Xiaomi seems to have used the same form of blockchain layout. Xiaomi’s blockchain product is called “Cryptorabbit (加密兔)” and is currently being tested, Chinese media iFeng is reporting. Xiaomi chose a rabbit since their mascot, “Mitu (米兔, meaning Rice Rabbit),” is a rabbit.

According to the “User Services Agreement,” Cryptorabbit is a digital pet service provided by Xiaomi based on the blockchain, and feeds on digital “rice grain (米粒)” in the game.

Public

CryptoRabbits (Image Credit: TechNode China)

Crypto-collectibles show the potential of future gaming because, unlike traditional games, which focus on recreational entertainment, it is highly opportunistic and attracts players into the game. With blockchain technology, the platform guarantees that every pet is unique in the world, cannot be copied, and cannot be destroyed.
Cryptokitties was the first digital game based on Ethereum blockchain technology launched by a Vancouver-based innovation studio, and attracted a lot of attention from users and reached a valuation of tens of millions of dollars (in Chinese). Showing the huge market potential and profitability of digital pets, this grabbed the attention of Chinese startups and started the crypto pet bandwagon, which now includes cryptodoggies and crypto alpacas (加密羊驼).

Those who join the crypto pet bandwagon should be cautious not to overstep the domestic policy red line, however. Netease launched “Lucky Cat (招财猫)”, taking its name from the figurine cat usually found at the entrance of shops. After a period of internal beta testing, it still hasn’t been released to the public. Some analysts pointed out that this is may be because Lucky Cat supports digital currency payment, touching the domestic policy red line.
Public
A Guide to the Coming Chinese Tech IPOcalypse
Article Mar 14, 2018

Public
Chinese Boy Band TFBoys Has Its Own Cryptocurrency
Article Feb 12, 2018


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Faed13eb14ea23df053d7983500766f0

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