banner
Aave: Everipedia announces investment in Aavegotchi
Aave: Everipedia announces investment in Aavegotchi
Gaming

Aave: Everipedia announces investment in Aavegotchi

By Marco Cavicchioli - 26 Nov 2020

Chevron down

Today Everipedia announced on its official Twitter profile Aave’s investment in Aavegotchi

Aavegotchi is a Tamagotchi-inspired NFT collectable game, developed by Pixelcraft Studios, and based on the Aave protocol.

Aave’s updates on Everipedia

As reported in the Aave board on Everipedia, November 23rd saw the announcement of the investment in the Singapore-based company Pixelcraft Studios, which is developing a game inspired by the famous Tamagotchi, based on non-fungible tokens (NFTs), powered by the Aave protocol, and governed with the AavegotechDAO through its own GHST token. 

This token was only recently launched on the crypto markets in mid-September this year at a price of around $0.8. 

In the first month, it showed strong volatility, with the price rising to almost $1 and then falling to below $0.55, but from the end of September, when it was back above $0.8, it began a fairly steady decline to the current $0.5. 

Aave had previously announced another partnership with Axie Infinity – a Pokémon-inspired video game where players can collect fantasy creatures called “Axies”. Aave tokens will be distributed to players who win battles within the game, and owners of these tokens will benefit from a special NFT – a unique character that can be requested and used in the Axie universe. 

NFTs are revolutionizing the digital game ecosystem because they introduce new features that have never been made possible before, such as trustless verification of their uniqueness, and the fact that they can be freely exchanged, anywhere, by anyone, regardless of the game in which they are used. 

No wonder Aave is so interested in this market. 

Since it was launched, the AAVE token has maintained its value at around $50, although at the beginning of November its price was almost halved, while on November 20th it reached almost $80. 

To date, the Aave DeFi protocol is fourth overall for TVL, with almost $1.3 billion locked. 

Marco Cavicchioli
Marco Cavicchioli

Class 1975, Marco teaches web-technologies and is an online writer specializing in cryptocurrencies. He founded ilBitcoin.news, and his YouTube channel has more than 25 thousand subscribers.

We use cookies to make sure you can have the best experience on our site. If you continue to use this site we will assume that you are happy with it.