News
    Home   >     Industry    >     Main body

    'Insane' ETH fees delay launch of Aavegotchi NFT game

    Abstract:Ethereum gas prices have prompted Aavegotchi to postpone its mainnet launch, with the project now considering migrating to Matic.

      Turner Wright

      9 hours ago

    'Insane' ETH fees delay launch of Aavegotchi NFT game

      Aavegotchi on L2 means no gas fees, faster transaction confirmations, and a great gaming experience," said the project.

      14445 Total views

      44 Total shares

      Listen to article

      0:00

    Insane

      News

      Decentralized finance project Aavegotchi is pushing back the mainnet launch of its non-fungible token digital collectible game due to high activity on the Ethereum blockchain.

      According to a Tweet from its team today, Aavegotchi will be postponing the Jan. 4 launch of its game in response to the “insanely high gas costs” and “extreme volatility” on Ethereum. The project also stated it will"most likely" migrate to the Matic Network — a smart-contract platform and layer two scaling solution for Ethereum.

      Aavegotchi on L2 means no gas fees, faster transaction confirmations, and a great gaming experience," the project stated, adding that it expected the launch to proceed before the end of January.

      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 user, and"wearables" — NFTs that can be programmatically tied to each Aavegotchi.

      Many users responded positively to the news given the recent surge in Ethereums fees. Gas prices reached an average of $10.20 per transaction on Sunday as the price of the token surged past $1,000 to reach new yearly highs.

      This was the right move. Thank you for listening to the community!

      I'm even more excited now to once we launch on L2!

    — Blockchain Macro ⚡️ (@BlockchainMacro) January 4, 2021

      The project is also is among several Ethereum-powered games that are favoring Matic as a scaling solution prior to Eth2's launch. SkyWeaver, a collectible card game featuring Ethereum-based in-game items, announced on Sunday that it would be launching its open-beta version on the same network.

    • #Business
    • #Fees
    • #Games
    • #Crypto Collectibles
    • #DeFi

      Related News

    •   ETH Miners Will Have Little Choice Once Ethereum 2.0 Launches With PoS

    •   Crypto exchange vows to tackle the industrys biggest challenge

    •   Celebs and crypto in 2020: Blockchain cities, Bitcoin newbies and Twitter trolling

    •   Demystify 2021 with crypto trend predictions from the Cointelegraph crew

    •   DeFi platform 1inch releases governance and utility token

    •   2020s DeFi craze: The best, worst and fishiest projects in crypto

        

      Loading

      Editors Choice

    • The biggest winner of Bitcoin's rally? Dogecoin. DOGE price soars 105% in one week
    • Andreessen Horowitz joins push against FinCEN's 11th-hour crypto rules
    • 'Insane' ETH fees delay launch of Aavegotchi NFT game
    • OCC greenlights national banks to run nodes and stablecoin networks
    • Binance hits record high of $80B in daily volume as crypto markets surge

      Cointelegraph YouTube Subscribe

      Advertise with us

      Bitcoin BTC/USD

      31,761.90 +2.38%

      Ethereum ETH/USD

      1,046.39 +7.97%

      Litecoin LTC/USD

      155.54 +2.65%

      Ripple XRP/USD

      0.23 +1.08%

      EOS EOS/USD

      2.83 +2.39%

    Article involves exchange