Aavegotchi (GHST)is aseries of rare crypto-collectibles living on Ethereum. Aavegotchis predate most contemporary play-to-earngames as they were among the first ERC-721-based NFT games. They introduced innovative conceptsnow standard to many blockchain games like dynamic rarity, rarity farming, DeFimechanics like staking, DAO-governed game mechanics, and an open metaversewith interoperable smart contracts. Aavegotchis are named after the famous Tamagotchi digital pets and are, in a tongue-in-cheek description, rumored to be "the ghosts of liquidated yield farmers determined to return and bring honor to their familia."
Each Aavegotchi possessesthree attributes determining their overall value and raritywithin the Aavegotchi universe: spirit force, traits, and wearables. The NFT's value increases with increasing spirit force, representing staked collateral on the Aavegotchi. Aavegotchis also vary in their rarity score, which can change over time depending on Aavegotchi's level and different wearables. This can lead to a rare Aavegotchi becoming less rare from one week to the next, all subject to the overall distribution of traits and wearables in the Aavegotchi universe. This is the rarity farmingconcept that Aavegotchi first introduced.
Aavegotchi(GHST) is a DeFi-focused non-fungible token(NFT) that runs on the Aaveprotocol. Simply put, Aavegotchis are game avatars that can be used as DeFicollateral to earn staking rewards.
Like CryptoKitties, the tokens have differentiating qualities such as body color and personality. Being a staked asset, its owner can liquidate the tokensat any time. Unfortunately, liquidating the NFTs means you lose your Gotchi.
The characters have a pixelated ghost appearance since they follow Aave, which translates to “ghost” in Finnish. The token ticker also cleverly spells out “ghost,” minus the vowel.
In November 2020, Aave invested in Pixelcraft Studios, bringing raffles to its protocol. The project’s mainnet launch was scheduled for Jan. 4, 2021, but was pushedto a future date due to high transaction feeson the Ethereumblockchain, where it runs as a side chain.
