According to The Block, Foresight News reports that Aavegotchi DAO has voted to migrate from Polygon to Base and cease Geist Layer 3 operations. This strategic shift occurred after its development company Pixelcraft Studios significantly reduced staff to cut expenses and extend operational time. As part of the plan, Aavegotchi's Polygon-based smart contracts will be upgraded to prevent transfers and state adjustments, while all Aavegotchi assets (including Aavegotchi, wearables, badges, REALM Parcels, Forge assets, and FAKE Gotchi) will be minted 1:1 on Base. The migration is expected to take four to six weeks, including an audit period.
Aavegotchi was created by Pixelcraft Studios in collaboration with the decentralized lending protocol Aave and is governed by an independent DAO. Aavegotchi is an ERC-721 Non-Fungible Token that can be staked with Aave's interest-bearing "aTokens", which are generated when users deposit assets into Aave's lending pool. Aavegotchi raised $30 million in a multi-year token sale that concluded in 2023. Pixelcraft received approximately a quarter of the funds, with the remaining $22.5 million allocated to fund the DAO.
