CryptoKitties Transaction Network Analysis: The Rise and Fall of the First Blockchain Game Mania

CryptoKitties was the first widely recognized blockchain game. Players could own, breed, and trade kitties, which are only prop in The game gained explosive growth upon its release but quickly collapsed a short time. This study analyzes entire player activity history for time literature tries to find reasons rise fall of this mania. First, we extracted five million transaction records among 100 thousand addresses involved past three years. Based on numbers each day, divide progress into four stages: primer, rise, fall, serenity. We construct temporal kitty ownership transfer network analyze varying parameters stages. that large number players poured during 10th 18th days since exited following month. Since then, few big have gradually dominated game, concentrating resources. Through further analysis, main reason rapid increase popularity public attention by media outlets, while decline include oversupply decreasing income, widening gap between rich poor players, limitations systems. these observations, advise design: (1) finely control production props avoid an oversupply, (2) balance gaming cost revenue protect enjoyment (3) narrow down create equal community, (4) consider systems their designs.