After a string of delays related to congestion on the Ethereum blockchain, the Aavegotchi nonfungible tokens have hit the open market — where they stayed for not even a full minute, the team reported to Cointelegraph.
The Aavegotchi project attempts to create digital collectibles with real value backing them through an integration with Aave and its aTokens, interest-bearing representations of funds supplied to the decentralized finance protocol. While the Aavegotchis are designed to incorporate some gaming and collection elements to them, inspired by the handheld Tamagotchi devices popular in the late 1990s and early 2000s, they are also an experiment of tying digital collectibles to real value. The aTokens locked within the NFT cannot be extracted without destroying the Aavegotchi itself, as they represent its “spirit force.”