“The success of the first-ever cross-chain Aave AIP, lead by the Aavegotchi fam, will strengthen the natural synergies between Aave and Aavegotchi. It’s a great example of inter-protocols cooperation.”
Aavegotchi (GHST) is a non-fungible token (NFT) based on the Aave, decentralised finance (DeFi) protocol that enables the borrowing and lending of cryptocurrencies. Simply put, Aavegotchis are virtual avatars that may be used as DeFi collateral in exchange for staking incentives. The tokens can be liquidated at any time because they are a staked asset.
Aavegotchi began as a virtual pet game, but it has since evolved into a full-fledged pixel/ voxel world with completely interchangeable NFT characters in both 2D and 3D.
In the crypto gaming industry, virtual pet games have become one of the most popular genres. They will easily be adopted because NFTs are at the heart of blockchain games. Virtual pet games have overflooded the market—Axies, Binamon, My DeFi Pet, Ethermon are some famous examples.
A fun fact about the popularity of these games is that digital pets don't exist outside of the hardware they're programmed on. Because of that, they don’t need to be fed in real life (if you forget to feed them, they will die because of starvation) and other real difficulties. Owning one requires first attaining the primary goal of keeping them alive in social areas, not real life!
Gotchis are different ghosts with different characters that you buy and sell in the game’s markets. These Ghost NFTs or Gotchis are not listed on OpenSea or any smaller NFT market, but you can use the Aavegotchi Maall and Baazaar to purchase them. Besides these shops, you can also purchase a Ghost NFT from a friend who is also a game user. You can do whatever you want with them because they're NFTs.
According to the developer's promises, the Aavegotchi metaverse and original games will be implemented as soon as possible. The developers are exploring the possibility of populating Gotchiverse with various geographical features. It's where you may socialise, look for quests, yield farming, harvest, and acquire Gotchus Alchemica, the in-game currency based on the ERC20 protocol.
All in all, Aavegotchi has finally received deeper integration with the Aave platform. As the game's native token has now been listed in the Aave liquidity pool, you can buy or sell and invest in this token with assurance. At Cryptologi.st, we may not give you investment signals, but we have provided all you need to have a confident investment in cryptocurrencies. You can learn all about crypto games, crypto news, analysis of the top 1500 coins, and educational posts. Stay tuned!
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