Ethereum-based NFT game Axie Infinity surpassed $ 1 billion in sales, data by CryptoSlam! Shows.

At the time of writing, $ 1,055,735 worth of Pokémon-inspired NFT game tokens have been traded in 2.4 million transactions. re are 324,850 buyers, 936,065 owners, and more than one million daily active users.

milestone is the latest evidence to show that the blockchain game, launched in 2018, really went viral this summer. Almost a fifth of Axie Infinity sales occurred last week and three-quarters ended last month.

Axie Infinity is the first NFT game to exceed $ 1 billion in sales. next best-selling game is NBA Top Shot, the basketball trading card game, which runs on the Flow blockchain, has racked up $ 675 million in all-time sales, and Ethereum-based CryptoPunks, with $ 657 million. .

What is Axie Infinity?

Eliminate the Axie Infinity blockchain and the game is played as a simple monster fighter. Aces have various statistics that determine their fate in battles with other players, just like Pokémon.

inclusion of cryptocurrencies makes the game much more profitable than Pokémon, incentivizing players to spend and hopefully earn money.

Crypto also makes Axie Infinity incredibly expensive. While a new Pokémon game costs less than $ 60 for an experience of more than 100 hours, a single Axie Infinity monster costs a couple hundred dollars. Even this green bush costs $ 60.

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However, unlike Pokémon monsters, players are free to sell their Axie Infinity tokens in secondary markets, and given today’s $ 1 billion milestone, they clearly are. Developer Sky Mavis calls the caral “play to win.”

In November 2020, the Vietnamese developer launched Axie Infinity Shards (AXS), a government token that allows players to vote on the future of the game. token has skyrocketed in the last month. As of July 20, AXS had a market capitalization of $ 900 million; it now has a market capitalization of $ 2.6 billion.

Sky Mavis has also launched a decentralized marketplace for 90,601 virtual land parcels, from where players can develop their operational bases, collect resources, and craft items. Parcels often sell for more than $ 10,000, although most of the in-game features for land have yet to be implemented.

Disclaimer

views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment or other advice.

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