Singaporean game developer PixelCraft Studios has reported a 200% surge in revenue for the fiscal year ending July 31, 2022, with a total of $11.3 million. Their play-to-earn game Aavegotchi allows users to collect and nurture virtual creatures while competing for top spots on the leaderboard and the game's GHST utility token.

The company's administrative and miscellaneous expenses increased by 609%, indicating investment in operational expansion and growth initiatives. Despite an 82% YoY decrease, Aavegotchi remains one of the top 10 games on Polygon, with plans to release a blockchain platform for gamers called Gotchichain in Q3.