There will be 16,000 parcels of land sold by the GHST token.It will be held on the Polygon blockchain. This will be the first sale event for virtual land using the bid-to-earn mechanism.
Aavegotchi Land Sale
Aavegotchi enthusiasts can participate in land sales on the Gotchiverse starting on October 28th at 2:00 pm UT and ending on Halloween (October 31, at 2:00 pm UT). They will be using the bid-to-earn mechanism. This means that those who lose bids could get a portion back. You could get 10% back for the last land sale.
Land buyers who are successful can place their Aavegotchis there in order to harvest resources and create new items. To make installation, players will need ERC-20 tokens called FOMO, KEK, and ALPHA. There will not be a minimum or maximum price set for any parcel in this Aavegotchi land auction.
There are three sizes of Aavegotchi land parcels: Humble (8×8) and Reasonably-Size (16×16), and Spacious (32×64). Twitter users are enthusiastic about the auction. User @WaBjoern stated, “It’s beginning… That’s so cool.”
Aavegotchi NFT Collectibles
Aavegotchis were DeFi-Staked Crypto Collectibles created by Singapore-based Pixelcraft Studios. These are pixel-art ghosts that run on the Ethereum blockchain using the ERC-721 standard. The value of each NFT depends on various factors.
AavegotchiDAO actually manages the project. All funds are paid through the GHST utility token.They want to be a DeFi project.They are also extremely popular with over 63k followers on Twitter and 16k Discord members. Amazingly, one Aavegotchi ghost sold for 141 Ethereum, which is approximately $538,000.
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