Members of the AavegotchiDAO community voted Monday in favor of launching the Forge, a new upgrade to the crypto collectibles game that will help improve the market for Aavegotchi wearables.
Aavegotchi is a “open-source, community-owned NFT gaming protocol,” as stated on its homepage, where users can interact with the Aavegotchi metaverse and stake their NFTs with Aave’s interest-generating aTokens. Aavegotchis are collectible NFT ghosts that live on the blockchain. Their value and rarity are based on three things: collateral stake, traits, and wearables.
The now-approved proposal is all about wearables, which are a key part of the Aavegotchi protocol and give each NFT ghost a stylish outfit and a better chance of doing better in-game.
The Forge is meant to give the wearables market more variety and utility by tokenizing the different economic values of wearables. This will allow the AavegotchiDAO to “granularly control inflation and introduce deflationary mechanics while still creating new content,” according to the upgrade’s whitepaper.
With the Forge, players can make new wearables by melting down unwanted wearables and putting them together with new materials. This gives protocol assets even more ways to be combined.
Dr. Wagmi, the author of the snapshot proposal, said, “The wearables market is in a very difficult position with decreased demand during the bear market … Moreover, the Aavegotchi ecosystem is suffering from low engagement, difficult to understand path towards ‘leveling up’ and thus, little time spent in the Gotchiverse.
Content Source: coinDesk.com
