Reef Finance, who recently made the news for the launch of their Reef Chain, have plunged into the world of NFTs, by onboarding Aavegotchi as the first NFT marketplace on the Reef Chain.
Reef Finance has opened its arms to the NFT world with their shiny new collaboration with Aavegotchi, which means it can now host NFT platforms and tokens, due to both its liquidity bridges and the fact that it offers full support for the Ethereum Virtual Machine.
Aavegotchi is a unique proposition, where users can collect rare and verifiable frens and then develop them to make them even more rare and collectible. The more users interact with their frens, the greater the kinship score they receive and the more badges and trophies they collect.
Part game, part adorable collectible, users can mine these little creatures, or simply buy them in the bazaar. The Reef community can now own their own Aavegotchis by staking their REEF tokens, or own fractions of these collectibles. This enhances the liquidity in the market of one of a kind collectors’ items.
Liquidity Bridge in DeFi
Reef Finance is a project that allows users to gain exposure to deep liquidity across both the centralized and decentralized markets. It is effectively a gateway to a host of Dapps. It offers operability across a wide variety of blockchain ecosystems by integrating with chains from Ethereum, Polkadot, Avalanche, Cosmos and the Binance Smart Chain.
As gas prices soar on Ethereum chain, and Binance Smart Chain reports some performance issues, Reef Chain comes as a welcome development for developers looking for a stable, secure and highly interoperable chain.
According to the COO of Aavegotchi’s Pixelcraft Studios, “Importantly, they’ve (Reef Finance)…achieved this by injecting personality into finance. That’s something we vibe with.” said Jesse Johnson, COO at Aavegotchi’s Pixelcraft Studios.
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