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Aavegotchi, a project that combines non-fungible tokens (NFTs) and Web3 gaming, has chosen to stop using Polygon MATIC and move to Base, an Ethereum ETH Layer-2 network.
Aavegotchi, a non-fungible token (NFT) protocol focused on Web3 gaming, has opted to abandon blockchain network Polygon and “go all-in” on Base, an Ethereum layer-2 scaling chain, according to the results of an onchain vote. On April 8, Aavegotchi's community members voted 93.5% in favor of a proposal to “Make Aavegotchi Based Again” by deprecating the protocol's smart contracts on Polygon and re-deploying on Base, according to Aavegochti's governance page.
The move follows sharp drops in user activity and total value locked on Polygon as Base's usage climbs
TL;DR The Aavegotchi community approved, with over 95% support, the migration from Polygon to Base and the deactivation of the Geist contract. All game assets will be duplicated on Base, while contracts on Polygon will be locked to prevent changes or transfers.
The Aavegotchi community has voted to migrate from its existing deployment on Polygon to Base and sunset its Geist Layer 3.
The Aavegotchi ecosystem just got a major upgrade—Gotchi Guardians is now playable directly in your browser! The play-to-earn experience has just turned into something that has never been easier or more rewarding!
Geist, the exclusive members-only blockchain for gaming, is now live, marking a milestone for Aavegotchi's ecosystem and the gaming blockchain community.
Binance Futures is set to launch a GHSTUSDT perpetual contract with up to 75x leverage, expanding trading options for users.
Blockchain-based game and DeFi protocol Aavegotchi (GHST) nabbed significant investor attention on Monday as its price rocketed nearly 37%. Notably, with the crypto exchange behemoth Binance extending support to the token, market sentiments for the Web3 gaming and Defi protocol have turned highly bullish.
Analyst Altcoin Buzz took to his latest video and revealed that the Base ecosystem is poised for explosive growth in the upcoming Bull Run, potentially giving Ethereum layer 2 solutions tough competition. The analyst brought to attention a promising indicator that the Bitcoin Bull Run will continue, noting the growing significance of the Base ecosystem.
Gotchichain, a Layer 3 rollup dedicated to the Aavegotchi on-chain game, will use Base as its settlement layer.
Blockchain games are still evolving. However, the reward of being in the very beginning is high.
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).
The new Gotchichain platform is intended to provide gamers with lower fees and faster transaction times.
Gotchichain is a permissioned version of Polygon optimized for Aavegotchi-themed games and dapps.
Gaming project Aavegotchi revealed plans to launch its own blockchain called Gotchichain in the third quarter of this year.
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.
The sale, which began September 2020, ended Monday over concerns of the stability of the DAI stablecoin.
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.
Blockchain analytics firm Santiment has spotted huge whale transactions for Polygon (MATIC), Fantom (FTM), and an Ethereum (ETH)-based altcoin as the crypto markets continue to see red. In a new blog post, Santiment reports that a Polygon whale relocated his MATIC stack worth $62.1 million from one crypto exchange address to another exchange wallet.
The price of GHST was supported by that of DAI stablecoin for over two years.
If passed, roughly $33 million DAI will be allocated to support the development of the Aavegotchi ecosystem.
Check this out. Polygon has been making headlines over the last couple of months.
Called the Forge, the upgrade focuses on wearables, one of three attributes that determine the value and rarity of Aavegotchi NFTs.
