Its CEO, Jesse Johnson, also developed the Bullionix platform, the first NFT to be backed by gold. The entity (legally named Pixelcraft Studios Pte. The experts of the company have significant experience working in the worlds of decentralized finances, NFTs and crypto games. The project was founded by Pixelcraft Studios in 2020. Aavegotchi value depends on various factors and can be increased using multiple ways with the most common being Rarity Farming which includes several in-game activities and mini-games. The ERC-721 standard is also used in various crypto collectible games, such as CryptoKitties. The platform utilizes the Proof of Stake consensus mechanism. They exist on the Ethereum blockchain as ERC-721 tokens, operating within the open-source Aave protocol. The latter consists of a crypto collectible game where the players stake non-fungible token (NFT) avatars, named Aavegotchis (plural for Aavegotchi, a reference to the word “Tamagotchi'', while “Aave'' is the protocol that the system uses).
GHST is a native utility token of the Aavegotchi ecosystem.
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