Aavegotchi

Aavegotchi (GHST) is a DeFi-focused non-fungible token (NFT) based on the Aave protocol. They are game avatars that can be used as DeFi collateral to gain staking incentives.

About Aavegotchi

Aavegotchi (GHST) is a DeFi-focused non-fungible token (NFT) based on the Aave protocol. Aavegotchis, to put it simply, are game avatars that can be used as DeFi collateral to gain staking incentives. Like CryptoKitties (please our post about CryptoKitties), the coins have distinct features such as body color and personality. Users can sell, buy, and upgrade their Gotchis while earning GHST and interest according on their staking and actions. Users of Aavegotchi can possess and manage uncommon and unique NFTs in addition to in-game collectibles. The ERC721 standard, which is utilized in games like Cryptokitties, Axie Infinity, and Cryptovoxels, supports Aavegotchis, which are rare crypto-collectibles.

They are supported by the ERC721 standard and live on the Ethereum network. Aavegotchis, according to folklore, are the spirits of liquidated yield farmers who are determined to return home and restore their family’s honor. If you’re looking for a successful virtual currency to invest in, GHST could be a fantastic choice. At 2021-10-14, the price of an Aavegotchi was 1.666 USD. The revenue is estimated to be roughly +372.21% after a 5-year investment. In 2026, your current $100 investment may be worth $472.21. Many new features are included in Aavegotchi, including DeFi token collateral stakes, dynamic rarity, rarity farming, DAO-governed game mechanics, and an open metaverse with smart contract interoperability and in-world town hall type voting.

Aavegotchi introduces the world to playable NFTs supported by digital value, just like the original Tamagotchi did with digital pets. Aavegotchis are NFTs backed by Aave’s aTokens, which are DeFi-enabled ERC20 tokens. Spirit force, qualities, and wearables are the three characteristics that determine an Aavegotchi’s overall value and rarity inside the Aavegotchi universe. Aavegotchis have a variety of characteristics that affect their rarity, performance in mini-games, and the wearables they can use. Some are created at random when the Aavegotchi is summoned, others are based on user interactions with the Aavegotchi, and yet others are determined by the Aavegotchi community. Try out Aavegotchi right now or you’ll miss out the greatest experience in your lifetime.