Aavegotchi Moved to Ethereum and Got Cut in Pieces

Aavegotchi moved some of their pixelated ghost minted on the Polygon blockchain to the Ethereum blockchain, and after that Unicly cut them into pieces. Now that sounds very dramatic, but fractionalizing them - hey, that sounds a lot more friendly - is a way to share ownership over a larger group of users.

Unicly will now fractionalize these first five Aavegotchis into a million pieces, represented by the uGOTCHI token. The corresponding NFT marketplace Unicswap has already seen $1,1 million in transaction volume. This has also been the first time an Aavegotchi, or any NFT, minted on Polygon moved to Ethereum.

Interestingly, the fractionalized Aavegotchis aren't only rare in their treats, but they also have godlike and mythical wearables. Based on their rarity points, they will earn GHST tokens during Rarity Farming Season One from April 20th to June 15th. The earned GHST tokens go directly into the Aavegotchi NFTs. The fractionalized ghosts or sharded Gotchis allow anyone with tokens in their pocket to join the farming action.

For those interested, it's good to know that Unicly is preparing a liquidity mining program for their UNIC governance token. You can earn this by providing liquidity on the platform for certain whitelisted collections, like the Aavegotchis.

Unic.ly is also preparing a liquidity mining campaign for their governance token UNIC, which can be earned by providing liquidity on the platform to certain whitelisted collections. Earlier this month we already wrote about Star Atlas embracing Unicly. The platform also lists pools for Hashmasks, Doki Doki Finance, Mystic Axies, and MoonCats.

What is Aavegotchi?

Aave is the Finnish word for ghost. An Aavegotchi is a cute little pixelated ghost that has several traits. First of all, there’s financial collateral backing the existence of the little ghost. In addition these ghosts have random traits, they can wear clothes and others items, and they come with a certain rarity level. You could see an Aavegotchi ghost as a modern piggy bank that generates interest while wearing cool pixelated items. The money backing the ghost, will always be there. And adding rare NFT wearables increases its performance and therefore makes it more valuable.

With GHST Aavegotchi has a newly announced eco-governance token. Users can acquire GHST through Uniswap and other exchanges, or through the Aavegotchi platform. You buy GHST using DAI, and you need some Aave aTokens, like aDAI for example. Then you need to spend GHST to get a portal, which will give you a cute little Aavegotchi. Owners can use this little ghost in games, sell them for a profit or burn them to regain the money backing its existence.

Right now, before the Rarity Farming Season One event starts, portals can only be acquired from the secondary marketplace. They've got a special marketplace for Aavegotchi on the Polygon blockchain. A closed portal will cost at least 735 GHST, which is approximately $810.