NFT Gaming Metaverse Devs Raise 30 Million From Community And Players In M Token Sale

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SINGAPORE, March 21, 2023 /PRNewswire/ — Pixelcraft Studios, creators of aavegotchia rapidly growing Web3 gaming protocol and community, has announced the successful completion of a multi-year token sale, raising a total of $30 million.

As of September 14, 2020, the $GHST token sale was structured as DAICO (Decentralized Autonomous ICO), a model for decentralized fundraising initially proposed by Vitalik Buterinfounder of Ethereum.

Lasting for more than two years, the sale finally ended when AavegotchiDAO, the official governing body of the Aavegotchi protocol, voted to end the sale due to uncertainty over the stability of the DAI stablecoin.

Ironically, the sale ended on the exact same day as the decoupling of DAI and USDC caused by the collapse of Silicon Valley Bank.

The final collection of 30 million represents one of the largest fundraising rounds in 2023, especially in the GameFi sector. Notably, no venture capital firm or angel investor was directly involved in the increase.

The funds will be divided among the community participants; Aavegotchi Core Developers (Pixelcraft Studios) will receive 25%, or $7.5M, and the DAO Treasury will receive the remaining $22.5M, with all funds going to development, marketing, liquidity provision , or protocol rewards.

The Aavegotchi team expressed their gratitude for the overwhelming support from the community. “The successful conclusion of this sale represents a defining moment for the decentralized fundraising space and, we hope, a model for responsible fundraising for projects in the future. We are delighted to have such a strong and passionate community behind us.” and excited about the potential for AavegotchiDAO to receive the lion’s share of this increase,” said Coder Dan, co-founder and CEO of Pixelcraft Studios.

The Aavegotchi ecosystem combines gaming, DeFi (decentralized finance) and NFTs (non-fungible tokens) to create unique and engaging user experiences. Players can purchase and customize Aavegotchis, which are ghostly digital pets with unique traits and abilities. These Aavegotchis can be used to fight other players or participate in various games and activities within the Aavegotchi universe (The Gotchiverse).

The announced roadmap for 2023 includes an entirely new gaming blockchain powered by Polygon Supernets with GHST as a gas token, new cross-platform gaming titles, and the full on-chain decentralization of the Aavegotchi protocol.

Media contact: [email protected]



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