Matic Attracts NFT Collectible Game Aavegotchi

Key Takeaways

  • Aave-backed NFT game Aavegotchi will no longer be launched on Ethereum due to high gas fees. 
  • The team has decided to migrate Aavegotchi to Matic instead.
  • Other NFT trading platforms like Axie Infinity and OpenSea have also turned to alternative platforms.

Aavegotchi has decided to go live on Matic rather than Ethereum due to high fees, according to a recent tweet from the project.

Trading Game Chooses Matic

Aavegotchi is a trading game that resembles the Tamagotchi line of toys from the 1990s. Unlike their real-world counterparts, Aavegotchis also carry value in the form of staked tokens and wearables. They can be traded just like any other blockchain token.

Aaavegotchi’s team originally planned to launch the game on Ethereum within the first week of January 2021. However, high fees became an issue. To counter that problem, the team chose to move to the Matic Network after a community vote on Discord.

The team said that Matic Network was the right choice given its suitability for apps that depend on non-fungible tokens. “Matic is a fast-growing, secure [layer two] sidechain with an ever-increasing network effect, especially for NFTs,” explained Aavegotchi Lead Developer, Daniel Mathieu, aka ‘coder-dan’.

Matic will help the team achieve high transaction throughput and very low transaction fees. According to Mathieu,  it “means no gas fees, faster transaction confirmations, and a great gaming experience–all the things we believe Aavegotchi deserves.”

Skyrocketing Ethereum Fees

Ethereum’s high transaction volume, coupled with Ether (ETH) prices crossing $1000 for the first time in three years, has made the blockchain very expensive for app developers.

Just a few days ago, ETH gas fees skyrocketed to more than 400 gwei (about $10), which the Avagotchi team wrote was beyond its acceptable threshold.

Avagotchi is not the only crypto collectible game which decided to move to a layer two scaling solution. Recently, Axie Infinity, announced its own layer two blockchain called Ronin to avoid Ethereum’s low throughput. Elsewhere, OpenSea, one of the largest NFT marketplaces, has decided to move to Matic.

Upcoming scalability improvements from Ethereum 2.0 could resolve this problem. In the meantime, migration is a viable solution for developers.

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Source: Read Full Article