Did Dump Polygon for Base, Shutter Layer-3 Network, Aavegotchi, and Ethereum Game

Following a successful community vote, the blockchain activity Aavegotchi will switch to another Ethereum scaling network, bringing with it a new gaming-focused network.

A consensus was reached in a DAO voting on Tuesday for Aavegotchi’s switch from Polygon’s Ethereum sidechain system to Coinbase’s Foundation layer-2 network. The plan, written by Aavegotchi designer Pixelcraft Studios, suggested that the sport “perform a complete, ‘all-in, no-looking-back’ movement to Base.”

The play-to-earn online animal game was first announced in 2020, making Aavegotchi one of the longest-running jobs in the blockchain gambling industry. Character NFTs dropped in earlier 2021, and the show’s GHST coin was released after that month.

However, the crypto gaming industry has drastically changed in the past five years, with play-to-earn game experiencing a significant surge and fall in 2021 and 2022 centered around Axie Infinity, while a rise in crypto game sentiment last year has resulted in cratering key valuations in recent months as a result of market shifts.

Aavegotchi made a tilt last year when it launched its personal layer-3 games ring called Geist, which would be fueled in part by Base and Arbitrum technology. A “members only” design of the community was introduced, which would demand fees and therefore reward players in return.

However, as a result of the vote, Geist may be” sunsetted,” and Aavegotchi leader CoderDan claims that the decision was motivated in part by stagnated or declining La activity as well as what he saw as a lack of game grip on Polygon. He added that Aavegotchi would not be able to benefit from the creation of a new layer-3 ring at this time.

Although Geist is a good idea in principle for the Aavegotchi ecosystem, he claimed that the advantages of moving to our own L3 in the current environment outweigh the drawbacks, including the cost of operating our own network, including designer resources, as well as the templates itself.

The movement, according to the proposal, will get 4-6 weeks, as a result of the already-completed preparations for the Geist release. All previously owned NFT property will become cloned and minted on Center, with the initial Polygon assets being “frozen and no useful” as the new versions take control.

Aavegotchi’s GHST token is currently priced at$ 438 per data from CoinGecko, down 4 % on the day and 28 % on the week. The decline comes as a result of a recently extremely dangerous industry, which has not been kind to the majority of gambling tokens.

Several gambling establishments opened in 2024, but a few of them have already shut down. Following a new group downsizing and budget issue, Treasure aims to “retire” its Treasure Chain while the creators of the Minecraft-like Hytopia announced plans to do so in February. Additionally, BNB Chain is moving all of its resources, and Xterio Chain is closing down.

However, the pattern hasn’t stopped entirely. ZKcandy, their fresh Ethereum scaling system with a focus on portable gaming, was unveiled earlier on Tuesday by iCandy Interactive and ZKsync contractor Matter Labs.