Pet Your Aavegotchi: Bringing DeFi Rewards To NFT Rarity, In-Game And On-Chain

Play-to-Earn (P2E) has gone through a steady redefinition during the crypto bear market, joined by Engage-to-Earn (E2E), Move-to-Earn (M2E), and a host of other acronyms that are all efforts to reinvent the gamification and incentives meant to draw players to GameFi platforms and keep them interacting. Aavegotchi is one of the first GameFi projects deployed on Polygon (CRYPTO: MATIC).

Timeline of Aavegotchi

Pixelcraft Studios, the developers of the popular metaverse game Aavegotchi, announced on Monday that it successfully raised $30 million in a multiyear token sale. However, this is being hailed as one of the largest Web3 gaming sector fundraisers this year without any venture capital or investor participation.

According to Arkham Intelligence, a provider of on-chain analytics, Voyager has sold crypto assets worth $358.5 million during the past six weeks. These assets included ERC-20 tokens traded on Binance.US, Coinbase, and directly through over-the-counter trades facilitated by market maker Wintermute.

San Francisco-based crypto exchange Coinbase is adding two altcoins to its listing roadmap. Coinbase announces that the governance token of decentralized finance (DeFi)-based non-fungible token (NFT) gaming protocol Aavegotchi (GHST) and the native token of cross-chain identity aggregator Litentry (LIT) are now on the roadmap.