DeFi and NFT crossover project Aavegotchi releases ‘Gotchiverse’ litepaper

DeFi and NFT crossover project Aavegotchi releases ‘Gotchiverse’ litepaper

“DeFi-powered NFTs are headed to the metaverse in a yield farming-meets-Pac Man mashup.
One of the original decentralized finance and nonfungible token (DeFi/NFTs) crossover projects is taking a step forward today with the launch of a metaverse litepaper.Aavegotchi — a project that creates upgradeable NFTs backed by yield-bearing positions on lending platform and money market Aave — announced the publication of a litepaper devoted to a gamified metaverse called the “Gotchiverse.” Aavegotchi co-founder Jesse Johnson joked about the sometimes-esoteric features and backstory in the litepaper on a celebratory Twitter Spaces today: “This is not your typical litepaper, it’s got a lot of lore in it […] We’ve got a bit of a DeFi RPG in front of us.”The metaverse will introduce a new, fungible ERC-20 token, the “Gotchus Alchemica,” which will be farmable from REALM land plots, themselves backed as NFTs — similar conceptually to Decentraland’s MANA/LAND two-token system. Alchemica can be used to craft upgrades to REALM plots, including structures like the “Gotchi Lodge,” which will enable groups of players to socialize as well as combine their farming efforts. Upgrades will take a “certain number of blockchain blocks to finish constructing,” but liquidity providers to Aavegotchi’s in-house AMM, the “Gotchus Alchemica Exchange,” can hasten the process with rewards for providing liquidity. And we’re live! For the next hour, Aavegotchi summoners @coderdannn and @gldnXross will be giving a live reading of the new #Gotchiverse Litepaper, followed by a Q&A Join the Reading https://t.co/mJ029fiNsrRead the Litepaperhttps://t.co/pp62CWSFrf pic.twitter.com/S1Kay0WbdT— Aavegotchi (@aavegotchi) June 23, 2021

This gamified yield farming is woven into the Gotchiverse’s considerable lore and backstory — about a third of the 14-page litepaper is devoted to storytelling and fleshing out the universe. The antagonists of the game, the Liquidators, refer to actual liquidators on the lending platform Aave, and the universe is speckled with DeFi in-jokes — a “home base” area of the map is called the “Citaadel,” and types of Alchemica include “Fud,” “Kek,” and “Fomo.” RELATED: Aavegotchis sell out in under one minute as NFT euphoria continuesAside from the farming gameplay, Johnson said the map will be “a huge game of Pac-Man,” where Aavegotchi run/float around the map to collect Alchemica and return it to their REALMs before getting caught by Liquidators, which may be player-characters as well as AI. A full release date for the Gotchiverse is pending, though Johnson said sections will be released as early as Q3 2021. Johnson added that the team has grown to 20 full-time employees, including veteran video game industry talent. While Johnson has long been a bannercarrier for DeFi and NFT crossovers, interest in metaverses has been picking up as of late. This month, Nvidia’s CEO said that we’re on the “cusp” of a blockchain-powered metaverse, and the founder of major gaming title Fortnite said that metaverse tech is “going places.””

Source: Cointelegraph.com News

Bitcoin investments are exciting – but what about taxes and the tax office?

If you invest in digital currencies, you invest in decentralised investments that organise themselves through millions of investors ¬ across all national borders. Bitcoin&Co have no national identity, they are the currency of the digital age. The difference is that the buyers or sellers of cryptocurrency usually have a passport

Kickstarter To Launch a Blockchain Project Running on Celo

Kickstarter, the world’s most famous crowdfunding platform, wants to dive headfirst into the blockchain world, changing the technology behind its business model while still offering the same user experience. The firm explained in an official blog post that this decision is part of an effort to find better tools to

Animoca Brands’ treasury increased in value by 5X over two months

The firm has enjoyed tremendous success from its early plays on NFT game platforms and metaverses that provide digital equity to its users. Metaverse and blockchain gaming firm Animoca Brands has revealed that its treasury increased in value by more than five times in just two months. Other income, which