Bankless 3 - Mack Flavelle | Overpriced JPEGs
Nov 27, 2021
Mack Flavelle, co-founder of CryptoKitties and Dapper Labs, shares his insights as a pioneer in the NFT space. He reflects on the revolutionary launch of CryptoKitties, which established the ERC-721 standard and transformed digital collectibles. Mack discusses the shift in identity dynamics as NFTs gain mainstream traction and the importance of community in fostering meaningful projects like Stoner Cats. He also teases collaborations with major brands and the exciting future of his innovative ventures, including the Big Head Club.
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Origin of CryptoKitties
- Mack Flavelle explains the origin of his "cat thing" stemming from his time at Axiom Zen.
- Tasked with making blockchain fun, he combined his love for gardening games, CryptoPunks, and the viral nature of cats.
ERC-721 Standard
- CryptoKitties popularized the ERC-721 standard, which most NFTs use today, by emphasizing the unique value of digital assets.
- Unlike fungible tokens, NFTs like CryptoKitties fostered emotional connection due to their unique traits.
CryptoKitties' Success
- Mack Flavelle recounts the initial skepticism and gradual realization of CryptoKitties' success, marked by key inflection points.
- These include positive feedback at ETHWaterloo, a growing Telegram group, and the first $30,000 cat sale.
