Pixelcraft Studios stated it will receive 25% (or $7.5 million at the time of reporting) of the treasury while the protocol’s decentralized autonomous organized (DAO) treasury will receive the remaining $22.5 million (at the time of reporting). Coder Dan is the co-founder and CEO of Pixelcraft Studios. Pixelcraft Studios began the sale of its native Aavegotchi token, $GHST, in September of 2020.
Aavegotchi is described as a decentralized web3 ecosystem that utilizes non-fungible tokens (NFT) and decentralized finance (DeFi). The community recently voted to increase its in-game wearable offerings for Aavegotchis, or digital pets that can be used within the game’s ecosystem.