Aavegotchi is a DeFi-enabled crypto collectibles game developed by Singapore-based Pixelcraft Studios that allows players to stake Non-fungible tokens (NFTs) avatars with interest-generating tokens and interact with the Aavegotchi metaverse. It is a unique combination of Decentralized Finance (DeFi) and NFTs.
Aavegotchis are pixelated ghosts living on the Ethereum blockchain, backed by the ERC-721 standard. Their value is determined by rarity level, which is calculated via multiple factors, such as base traits, amount of staked collateral/aTokens, and equipped wearables.
To level up their Aavegotchis, players can participate in a variety of activities including mini-games, governance, and meetups. Aavegotchis can also increase their rarity level by equipping in-game wearables and leveling up. Rare Aavegotchis not only have higher secondary baazaar value, they also enable the Aavegotchi to perform better in rarity farming—a minigame that rewards the rarest Aavegotchis with GHST tokens.