Pixelcraft Studios will launch the very first land sale for Aavegotchi and the Gotchiverse on October 28th, and the sales event will end three days later. A total of 16.000 land parcels will go up for sale, using the GHST token on the Polygon blockchain. It will be the first sales event for virtual land utilizing the bid-to-earn mechanism.
Starting from Thursday October 28th gamers and Aavegotchi enthusiasts can join the auction for land in the Gotchiverse. The auction uses the bid-to-earn mechanism, meaning that those who get overbid can earn a percentage of their last bid. During the last wearables auction the team used a maximum of 10%.
All available parcels in this auction have been placed in the Gotchi Citaadel. For each parcel there’s an independent auction and there’s no minimum or maximum price. However, parcels come in three different sizes, each giving access to more resources (a.k.a. Alchemica). You will need resources to build installations.
Owners of a land parcels can deploy their Aavegotchis and have them farm resources and then produce new items. Players need ERC-20 tokens named FOMO, KEK, ALPHA and FUD to be able to make Installations, which allow players to produce more yield and defend the land against the evil Lickquidators. You can read more about the auction here.
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 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.