Aavegotchi Confirms Launch on Matic Network

Singapore, January 6, 2021 — Aavegotchi, the DeFi-staked сrypto сollectibles game, has teamed up with blockchain scalability platform Matic Network to facilitate on-chain gameplay. As part of the new partnership, Aavegotchi has committed to launching its blockchain game first on Matic Network.

Developed by Pixelcraft Studios and governed by a community DAO, Aavegotchi is a game revolving around DeFi-backed Aavegotchis — on-chain collectible ghosts staked with Aave’s interest-generating aTokens. These yield-generating collectibles offer unique traits and a new system of “dynamic rarity” that allows players to increase the rarity of their Aavegotchi by equipping items and leveling up. This on-going process of incentives to play is what makes Aavegotchi the most innovative mash-up of DeFi and NFTs in development today.

Matic Network is a Layer 2 solution that largely fixes Ethereum’s scalability issue via an adapted version of Plasma with PoS-based side chains. Integrating will help Aavegotchi users to enjoy near zero transaction fees and faster settlement times. Matic has been quickly establishing itself as the home for NFTs and blockchain gaming with a full spectrum of products including not only premier games but also the marketplaces and decentralized exchanges that are also needed.

Users familiar with Ethereum benefit from Matic’s familiar experience. Popular wallets like MetaMask can interact with both Ethereum and Matic so there is no friction in this critical respect.

“A great gaming experience that doesn’t sacrifice interoperability with Ethereum’s mainnet is a big priority for us,” says Coder Dan, founder and lead dev of Aavegotchi, “We explored all the options available and the more we used Matic, the more impressed we became.”

A key concept of Aavegotchi is to encourage consistent interaction with the collectibles, which makes it different from competitors. Because every action is performed on-chain, Aavegotchi users will be executing a significant amount of transactions. Launching Aavegotchi on Matic Network eliminates the costs typically associated with blockchain experiences.

“Aavegotchi is combining some of the best concepts in NFT and DeFi,” Sandeep Nailwal, Matic Network co-founder and COO added. “Matic will help power a seamless and high speed experience tried and tested by multiple games, for aspects including GHST staking and on-chain gameplay.”

Incentives for Bridging to Matic

Matic-ready versions of the GHST staking contracts are already under development and will be unveiled in the coming weeks, offering potential rewards for early adopters looking to bridge their GHST tokens from Ethereum mainnet over to Matic network.

Additionally, there will be a number of exclusive game items that can only be won via the next Aavegotchi Raffle event happening exclusively on Matic Network.

Exact dates and further details on both of these fronts will be announced soon.

About Aavegotchi

Aavegotchis are completely on-chain NFT avatars staked with special yield-generating Aave aTokens (aDAI, aUSDC, aLINK, etc). Compete for player rewards by earning XP, leveling up, and increasing the rarity of your Aavegotchi fren.

Owned by the community, Aavegotchi is governed by the AavegotchiDAO and the native eco-governance token GHST. Summon your first Aavegotchi to join the future of DeFi-staked NFT avatars!

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About Matic Network

Matic strives to solve blockchain scalability and usability issues while not compromising on decentralization and leveraging the existing developer community and ecosystem. Matic Network is an ​off/side chain scaling solution for existing platforms to provide scalability and a superior user experience to DApps/user functionalities.

Learn more by visiting Matic.Network.

DeFi-enabled Crypto Collectibles Collect, compete, and combine your Aavegotchis for the ultimate gamified DeFi experience! Powered by @aaveaave.