Blockchain technology is now making preparations for the Metaverse world, after NFTs, where it has established solid foundations for its implementation. One of its successful examples, Gotchiverse (GHST), has increased its rally to 50% with the investments it has received from gaming guilds, its partnerships with crypto investment firms and the success of its ongoing auctions. We examine the reasons for the rise under 3 headings…
2021 witnesses Metaverse evolution
The decentralized gaming world has seen significant growth in 2021 as the rise of play-to-win (P2E) gaming platforms combined with NFTs to pave the first path to the Metaverse. Of these projects, Aavegotchi is currently making strides in the blockchain-based gaming industry with a slightly new approach that includes play-to-win, NFTs and DeFi features. Also, Aavegotchi’s native token, GHST, is trading at $2.35 with a market cap of $153,912,873 and has completed its 50% rally since September. In the rest of the article, we take a look at Jordan Finneseth’s analysis, which explains three reasons for the upward momentum…
Gotchiverse land auctions
The biggest development helping to increase the price of GHST is the ongoing “Gotchiverse” land auctions conducted by the protocol. GHST and Gotchi holders are actively bidding to purchase a “zone” in the newly launched digital world designed for the project’s collectible NFTs.
cryptocoin.com You can find detailed information about Facebook’s branding process as Metaverse here.
Gaming guilds invest in Aavegotchi
This week, two major gaming guilds announced partnerships aimed at expanding the Aavegotchi platform. The new partnerships include a collaboration with Blackpool, a quantitative hedge fund for NFTs, as well as a collaboration with Yield Guild Games (YGG), which has invested $800,000 in Aavegotchi.
Metaverse calls
The concept of the metaverse has also been a hot topic during the current bull market, and many analysts believe that play-to-win and Blockchain-based games will perform best in 2022. As the chart below shows, gaming tokens have seen a significant price increase led by Axie Infinity (AXS), which gained more than 25,000% in 2021. This approach has worked well for Axie Infinity, and if all goes well, the same attention is expected for Aavegotchi mass adoption.
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