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Pixelcraft Studios develops Gotchiverse, new metaverse using Aave tokens

Pixelcraft Studios develops Gotchiverse, new metaverse using Aave tokens

Last updated 29th Jun 2022
Disclosure
  • Aavegotchi are a cross between Tamagotchi and digital piggy banks
  • Most of the tokens spent are recycled and reinvested into the larger Gotchiverse economy
  • Players give each other an incentive to receive assets in the game

Pixelcraft Studios is launching the Gotchiverse on March 31, which features playable characters called Aavegotchi, loaded with Aave’s interest-bearing tokens, Bankless Times learned from a press release first published on The Defiant. These characters are like a cross between Tamagotchi and digital piggy banks.

A unique 3D space to interact in

In the Gotchiverse, these characters can meet, move around, make things, collect fresh tokens, and ultimately battle invaders. At the moment, players in virtual worlds can’t see other players at the same time because the networks aren’t powerful or fast enough. Pixelcraft is working to resolve that issue.

Goal of the game

In the game, your goal is to own and manage territory, using those in-game assets to buy or craft useful tools for managing the land. With crafting occurs, most of the tokens spent are recycled and reinvested into the larger Gotchiverse economy. This includes payment to Pixelcraft and the Aavegotchi DAO. Just 5% get burned.

According to Jesse Johnson, COO of Pixelcraft Studios, this resource management game will probably be the one with the most depth for people who really enjoy gaming, at least at the beginning.

Ultimately, the game will be social. Players give each other an incentive to receive assets in the game. The more Aavegotchi they mobilized, for example, the bigger the rewards.

A general purpose metaverse

The Gotchiverse can also be used as a general purpose metaverse beyond that according to Johnson, much like Second Life. Players can spend time together and interact.

Most basic Aavegotchi costs $1K, but there are ways around that

Like you need Axies to play Axie Infinity, you need an Aavegotchi to play in the Gotchiverse. The most basic Aavegotchi costs about $1,000 in GHST, the game’s native token. Of course, that’s more than most players can afford.

Refined rental system

With the Gotchiverse’s innovative rental system, players can select the deal they want. Owners have control over getting their Aavegotchi back. Rentals can shift the amount that the player gets to keep, the time they can hold and other variables.

Unique funding model

Aavegotchi are like savings accounts in that token deposits keep the characters alive. You can’t withdraw an Aavegotchi without sacrificing the tokens inside. These Aave tokens keep growing in value.

The connection with the Aave ecosystem is the reason why few traditional investors have backed this metaverse. Its founder Stani Kulechov is one of those few. The platform has mostly done without venture fundraising.

Daniela Kirova

Daniela Kirova

Daniela is a writer at Bankless Times, covering the latest news on the cryptocurrency market and blockchain industry. She has over 15 years of experience as a writer, having ghostwritten for several online publications in the financial sector.