Pixelcraft Studios, the developer of the popular Metaverse game “Aavegotchi”, has recently announced that it has raised $30 million through a multi-year token sale. The company has collected funds by selling its own token “GHST”.
This announcement has been making waves in the gaming and cryptocurrency communities, as it marks a significant milestone in the evolution of gaming and blockchain technology.
Aavegotchi is a unique game that combines various elements such as DeFi, NFTs, and gaming. The game allows users to purchase and customize digital pets called “Aavegotchis” with unique traits and abilities. Players can also use these Aavegotchis to fight other players and participate in various games and events within their own metaverse called “The Gotchiverse”. The design of Aavegotchis is reminiscent of the popular digital pet game “Tamagotchi”, which adds to the nostalgia factor for many players.
The GHST token is used to buy and sell in-game goods such as the digital pet Aavegotchi. Users can also stake GHST tokens to earn additional rewards that can be passed between users. This unique system provides an immersive gaming experience while allowing players to benefit from the growth of the cryptocurrency market.
One important note about the token sale is that it was funded using the stablecoin DAI. The token sale began in September 2020, but it ended earlier than planned due to concerns about the instability of DAI. The price of DAI had deviated from its original price of $1 due to the Silicon Valley Bank bankruptcy and the USDC dip (price divergence) that occurred in early March. However, DAI has rebounded to near $1 since then.
The success of the GHST token sale and the Aavegotchi game demonstrates the growing interest and adoption of blockchain technology in the gaming industry. As the Metaverse continues to evolve, we can expect more innovative games and applications that utilize the power of blockchain technology to enhance user experience and provide new opportunities for growth and investment.
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This article was republished from azcoinnews.com
