The success of Axie Infinity (AXS) is not ebbing: The Ethereum-based NFT game Axie Infinity has exceeded the 1 billion dollar mark, as did data from CryptoSlam! show. The first one-fifth of Axie Infinity sales occurred in the past week.
At that time, tokens from the Pokémon-inspired NFT game worth $ 1,055,735 had been traded through 2.4 million transactions. There are 324,850 buyers, 936,065 owners, and more than a million daily active users.
The milestone is the latest evidence that the blockchain game launched in 2018 really went viral this summer. Almost a fifth of Axie Infinity sales were in the last week – and three quarters were closed in the last month.
Axie Infinity is the first NFT game to break the $ 1 billion mark in sales. The next top grossing game is NBA Top Shot. This is the basketball trading card game that runs on the Flow blockchain and has $ 675 million in sales. Then comes the Ethereum-based CryptoPunks with $ 657 million.
What is Axie Infinity?
If you remove the blockchain from Axie Infinity, the game plays like a simple monster battler. Axies have different stats that determine their fate in battles with other players – just like Pokémon.
The inclusion of cryptocurrencies makes the game much more lucrative than Pokémon and offers players an incentive to spend money and – with a bit of luck – make it too.
However, cryptocurrencies also make Axie Infinity (here on our AXS forecast) incredibly expensive. While a new Pokémon game costs well under $ 60 for a 100+ hour experience, a single Axie Infinity monster costs a few hundred dollars. Even a green shrub costs $ 60.
Unlike Pokémon monsters, however, players are free to sell their Axie Infinity tokens in secondary markets – and given today’s $ 1 billion milestone, they obviously do too. Developer Sky Mavis calls the model “play to earn”.
In November 2020, Vietnamese developer launched Axie Infinity Shards (AXS) – a governance token that players can use to vote on the game’s future. The token has seen a boom over the past month. On July 20, AXS had a market capitalization of $ 900 million; now it has a market capitalization of $ 2.6 billion.
Sky Mavis has also set up a decentralized market for 90,601 virtual lots on which players can set up their operations, collect resources and manufacture items. Land often sells for well over $ 10,000 – although most land game features have not yet been implemented.
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Last updated on August 9, 2021
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