NFTs suffer from lack of liquidity and have a tendency to have high spreads. These issues along with additional complexity of understanding their respective markets makes speculating on NFTs difficult. Many investors are left to do their own research and figure out what others have had years to learn. Investing in NFTs remains challenging due to their non-fungibility and transaction costs on ethereum.
Wrapped CryptoKitties ($WCK) was the first experiment to convert NFTs into ERC20s to enable easy trading on exchanges like Uniswap. With WCK, any CryptoKitty, regardless of market value, could be “wrapped” into a ERC-20 token. This breakthrough allowed CryptoKitties players to convert over 50 thousand Kitties to gain access to liquid markets.
Enter Wrapped Gen-0 ($WG0) CryptoKitties. The motivation behind WGO is to provide easy access to liquidity for a more valuable asset class with fixed supply. Only 50,000 Generation 0 cats can ever exist and much less are in circulation. WG0 is a modification of the original experiment, with the additional requirement that the wrapped CryptoKitty must be a scarce Generation 0 cat.
Deflationary supply Generation 0s is another variant that remains interesting for collectors and speculators. This asset class is called Virgin Generation 0 and Wrapped Virgin Generation 0 ($WVG0). These Kitties are of mint quality and must remain unbred to keep their virginity.
There are only two ways to get a WG0 token: wrap an existing Gen 0 kitty that you own, or buy one from Uniswap. A WG0 token is always backed exactly 1:1 with a Gen 0 kitty, and at any time a holder of 1 WG0 token can "burn" the token and withdraw any Gen 0 from the WG0 contract. This creates unique opportunities to arbitrage between CryptoKitties’ first-party marketplace and the WG0 pool as well as the ability to upgrade any Generation 0 you may own with any Generation 0 in the pool.
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
If you have any concerns about the nature, propriety or legality of this token sale or the persons involved in it please contact [email protected] with detailed information about your concerns.