DeFi and NFT crossover project Aavegotchi releases ‘Gotchiverse’ litepaper
DeFi-powered NFTs are headed to the metaverse in a yield farming-meets-Pac Man mashup. One of the original decentralized finance and nonfungible token (DeFi/NFTs) crossover projects is taking a step forward today with the launch of a metaverse litepaper.Aavegotchi — a project that creates upgradeable NFTs backed by yield-bearing positions on lending platform and money market Aave — announced the publication of a litepaper devoted to a gamified metaverse called the “Gotchiverse.” Aavegotchi co-founder Jesse Johnson joked about the sometimes-esoteric features and backstory in the litepaper....
Related News
Investments from gaming guilds, partnerships with crypto-investment firms and the success of the ongoing Gotchiverse auctions all back GHST’s 50% rally. The world of decentralized gaming has seen significant growth in 2021 as the rise of play-to-earn (P2E) gaming merged with NFTs to open the first pathway to the Metaverse.Aavegotchi is currently making inroads in the blockchain-based gaming sector with a somewhat novel approach that incorporates features from P2E gaming, NFTs and decentralized finance (DeFi).Data from TradingView shows that since hitting a low of $1.56 on Oct. 1, the price....
Where do NFTs fit into DeFi, what's next for a space awash with funding, and how do DAOs manage NFT content? Jesse Johnson discusses with Cointelegraph Non-Fungible Tokens (NFTs), once the red-headed stepchild to more popular smart contract implementations, are finally beginning to have their day in the sun. Average purchase prices of NFTs on peer-to-peer exchanges are rising sky-high. Six-figure sales are no longer uncommon. Dapper Labs, the minds behind the great-granddaddy of NFT collectible projects, CryptoKitties, have attracted significant investment for their native blockchain Flow....
“Aavegotchi on L2 means no gas fees, faster transaction confirmations, and a great gaming experience," said the project. Decentralized finance project Aavegotchi is pushing back the mainnet launch of its non-fungible token digital collectible game due to high activity on the Ethereum blockchain.According to a Tweet from its team today, Aavegotchi will be postponing the Jan. 4 launch of its game in response to the “insanely high gas costs” and “extreme volatility” on Ethereum. The project also stated it will "most likely" migrate to the Matic Network — a smart-contract platform and layer....
Aavegotchi – a retro, Tamagotchi-inspired game that came to life at the end of DeFi Summer – is launching in full on Jan. 4.
Rarible said it will use the funds to hire new team members, and announced the launch of a marketplace on the Flow blockchain. Major venture capital firms responsible for crypto investments have led the latest $14.2 million fundraising round for Rarible, the online marketplace behind many nonfungible token listings.In a Wednesday announcement, Rarible said crypto investment group Coinfund and Venrock — the venture capital arm of the Rockefeller family — had led a $14.2 million Series A fundraising round for the nonfungible token, or NFT, platform. Rarible said it will use the funds to hire....