What Are Aavegotchi NFT Pets, And Are They Worth The $450 Entry Price?
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Aavegotchi is a recreation that makes use of NFTs with dynamic attributes to earn crypto by enjoying mini-games and upgrading the NFT, and regardless of its triple-digit entry worth is likely one of the hottest Play-To-Earn (P2E) games in blockchain. Aave (which suggests ‘ghost’ in Finnish) is a cryptocurrency lending and borrowing app that permits customers to acquire crypto loans utilizing their cryptocurrency/stablecoin holdings as collateral.
aTokens are interest-bearing cryptocurrencies issued when a consumer makes a deposit on Aave, and they are often purchased and bought on decentralized exchanges (DEXes) like Uniswap or Quickswap. Briefly, when a consumer deposits crypto they obtain aTokens, and once they deposit aTokens they obtain crypto. Every cryptocurrency accepted by Aave has an aToken related to it, (i.e. aUSDC, aWETH), and aTokens held in a crypto pockets will slowly accumulate over time.
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