Where does the value of Aavegotchis come from? Like other NFTs, its value is based on practicality, and the value of an Aavegotchi is based on its intrinsic value and rarity. The actual value of Aavegotchi is determined by its collateral. However, each Aavegotchi has its own value. This article will introduce to you the value of each Aavegotchi?
Aavegotchis is a DeFi based NFT built by Aave on the Ethereum network. They are Pixelcraft Studio's Pixelcraft Phantom NFT launched in September 2020. Aave means "ghost" in Finnish, which explains the NFT with ghost as its theme. The team initially launched Aavegotchi on the Ethereum network, but later it expanded its compatibility to the polygon network, which is more scalable and cheaper.