Aavegotchi, the decentralized finance project, is pushing back the mainnet launch of its non-fungible token (NFT) digital collectible game due to high activity on the Ethereum blockchain.
It has been reported that Aavegotchi has postponed the January 4 launch of its game in response to the “insanely high gas costs” and “extreme volatility” on Ethereum.
However, the project also stated that it will “most likely” migrate to the Matic Network, a smart-contract platform and layer two scaling solution for Ethereum.
The project stated:
“Aavegotchi on L2 means no gas fees, faster transaction confirmations, and a great gaming experience.”
It added that it expected the launch to proceed before the end of January.
The report said that according to the Aavegotchi litepaper, the game features digital collectible ghost avatars backed by Aave (AAVE) interest-bearing aTokens.
A combination of traits that determine the value of ghost avatars, including random attributes that are determined when the tokens are minted, the value of aTokens staked by the user, and “wearables” — NFTs that can be programmatically tied to each Aavegotchi.
It has been analyzed that many users responded positively to the news given the recent surge in Ethereum’s fees. Gas prices reached an average of $10.20 per transaction on January 3 (Sunday) as the price of the token surged past $1,000 to reach new yearly highs.
Thus, the project is also among several Ethereum-powered games that are favoring Matic as a scaling solution prior to Eth2’s launch.
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