Aavegotchis are rare crypto-collectibles living on the Ethereum blockchain, backed by the ERC721 standard used in popular blockchain games such as Cryptokitties, Axie Infinity, and Cryptovoxels. Aavegotchi introduces many innovations into the blockchain gaming sphere, 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 style voting. Just like the original Tamagotchi introduced the world to digital pets, Aavegotchi introduces the world to playable NFTs, backed by digital value. Aavegotchis are NFTs staked with DeFi-enabled ERC20 tokens powered by Aave, known as aTokens. Aavegotchis possess three attributes that determine their overall value and rarity within the Aavegotchi universe -- spirit force, traits, and wearables.
With the recent surge of NFT’s projects and the release of new protocols or NFT every day, Aavegotchi is looking like an old project among all those newcomers. Despite the project being one year old, the team is still being pretty active, as we can see from their activity on the protocol’s GitHub repositories. If the demand for NFTs keeps growing and especially for games such as Axie Infinity, Aavegotchi could potentially have its own moment of glory. The associated token is trading on both centralized (Binance, Kraken) and decentralized (Uniswap) exchanges.