Wrapped Virgin Gen-0 CryptoKitttiesPrice

(WVG0)

Wrapped Virgin Gen-0 CryptoKitties is a decentralized Web3 project built on the Ethereum blockchain. The project centers on a specific utility called a wrapper, which allows owners of the original CryptoKitties NFTs to convert their digital assets into a fungible ERC-20 token format. Specifically, this project targets a very niche subset of the original collection: cats that are both Generation 0 and Virgin. In the context of the CryptoKitties ecosystem, Generation 0 refers to the first 50,000 cats ever created by the game developers. These cats are considered the ancestors of all other kitties in the game and were produced in a finite supply. The term Virgin refers to a kitty that has never been used for breeding and has zero offspring. Because breeding is a core mechanic of the game, virgin status is often preserved by collectors to maintain the cat's purity or future breeding potential. The primary purpose of the WVG0 token is to solve liquidity challenges associated with non-fungible tokens. While individual NFTs can be difficult to trade quickly, the WVG0 contract allows users to lock their specific Virgin Gen-0 kitties into a smart contract in exchange for an equivalent amount of ERC-20 tokens. This conversion makes the underlying value of the assets more accessible by enabling them to be traded on decentralized exchanges alongside other standard cryptocurrencies. The wrapping process is a two-way bridge. A user can wrap their eligible NFT to receive the WVG0 token, or they can burn the WVG0 token to unwrap and reclaim a random Virgin Gen-0 kitty from the contract's pool. This mechanism effectively standardizes a group of rare but similar assets, creating a floor for that specific category of collectibles. Technically, the project relies on the original CryptoKitties smart contract and a secondary community-deployed wrapper contract. It does not introduce new gameplay mechanics but rather provides a financial layer for a legacy NFT collection. By moving these assets into an ERC-20 format, they can more easily integrate with other decentralized applications and protocols within the broader Ethereum ecosystem. The project is primarily used by collectors and enthusiasts who want to maintain exposure to the earliest assets of the NFT movement while benefiting from the flexibility of standard tokens. Learn more

--

Cryptocurrency prices are subject to high market risk and price volatility. You should invest only in projects and products you are familiar with and understand the associated risks. Carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial advisor before making any investment decisions. This material should not be considered financial advice. Past performance is not a reliable indicator of future performance. The value of your investment may go down or up, and you may not recover your invested amount. You are solely responsible for your investment decisions. LBank is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warnings. Please also note that the data related to the above-mentioned cryptocurrency (such as its current real-time price) is sourced from third parties and is provided “as is” for informational purposes only, without any representation or warranty. Links to third-party websites are not under LBank’s control, and LBank is not responsible for the reliability or accuracy of such websites or their content.