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 gameAavegotchi 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
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, 2021The 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.
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
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%
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
0.00