HomeNewsCoindeskDeFi Game Aavegotchi to Leave Polygon, Migrate Entire Ecosystem to Coinbase’s Base

DeFi Game Aavegotchi to Leave Polygon, Migrate Entire Ecosystem to Coinbase’s Base

-



The DAO running Aavegotchi, a niche non-fungible token (NFT) game, voted overwhelmingly to migrate the entire ecosystem to Base from Polygon, a move reflecting shifting developer and user sentiment in the broader Ethereum layer-2 landscape.

With 93.25% of the vote in favor, the proposal — titled “Make Aavegotchi Based Again” — lays out plans for a full deployment on Base, the Coinbase layer-2 blockchain that has gained traction among decentralized applications.

All Aavegotchi NFTs, wearables, game assets and smart contracts will be cloned and relaunched on Base, according to the proposal, with legacy assets on Polygon set to remain viewable but frozen to prevent transfers or updates.

The migration comes amid a steep decline in Polygon usage. According to data from DeFiLlama, total value locked (TVL) on the chain has dropped from a near $10 billion peak in 2021 to just $737 million today. In early 2024, TVL stood at $892 million.

Base, meanwhile, has seen TVL surge to $2.9 billion from $430 million since the beginning of last year. Artemis data further shows Polygon’s daily active addresses fell from 1.3 million to 550,000 over the past year, while Base more than doubled to nearly 900,000.

Pixelcraft Studios, the developer behind Aavegotchi, cited improved onboarding, faster transactions and better marketplace support as key reasons for the move. A wrapper contract will also be introduced to protect assets listed on marketplaces like MagicEden and OpenSea.

The migration is expected to be completed within four to six weeks.





Source link

News source: DeFi Game Aavegotchi to Leave Polygon, Migrate Entire Ecosystem to Coinbase’s Base
Read the full article and more directly from the source!

Enjoying our initiative? Support us with a BTC donation:
BTC Wallet: bc1q0faa2d4j9ezn29uuf7c57znsm5ueqwwfqw9gde

LATEST POSTS

The Value-For-Value Future Of Money And Work

When someone holds your funds, these days everyone recognizes the inherent risk: The custodian might misuse the money or fail to safeguard...

Actions Speak Louder Than Words

Let’s look at two things that Bitcoin Knots users claim to be proponents of and champions for in their crusade against Bitcoin...

B HODL Joins The Bitcoin Treasury Race With 100 Bitcoin Buy

The UK’s newest Bitcoin-focused public company wasted no time putting capital to work. Fresh off its debut on the Aquis Stock Exchange,...

Bitcoin Could Hit $1M If Banks Don’t Interfere

Coinbase CEO Brian Armstrong believes Bitcoin could reach $1 million per coin by the end of this decade — but only if policymakers hold...

Most Popular

spot_img