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Place/Date: - April 26th, 2021 at 1:00 pm UTC · 3 min read Source: Reef Finance
Reef Finance, a leading liquidity aggregator and DeFi hub that’s easily accessible to anyone, has announced a partnership with Aavegotchi, one of the most famous and creative projects in the non fungible token (NFT) space.
The NFT ecosystem exploded in early 2021 as both crypto enthusiasts and mainstream celebrities endorsed the movement. Aavegotchi is one of the more innovative and unique NFT projects as it combines DeFi concepts with gaming mechanics inspired by the Tamagotchi handheld arcade gadgets, popular between the late 1990s and early 2000s.
Aavegotchi NFTs are unique because they have intrinsic value offered by their underlying collateral of aTokens, interest-bearing representations of assets supplied to the Aave DeFi protocol. Withdrawing the collateral destroys the Aavegotchi, as the tokens represent its “spirit force.”