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Play-to-earn and Ethereum based Axie Infinity (AXS) just surpassed $1 billion in all-time sales, adding to the surging popularity of games based on non-fungible tokens (NFT).
Axie Infinity is a Pokémon-inspired universe where anyone can earn tokens through skilled gameplay and contributions to the ecosystem. The online video game is developed by Sky Mavis and allows players to generate profits through buying, breeding and selling digital pets known as Axies. Players can also battle and build a land-based kingdom for their pets.
Each Axie is minted as an NFT, assuring the authenticity of the digital creature in the blockchain.
According to NFT analytics site CryptoSlam, Axie Infinity has surged over $1 billion in all-time sales with over 2.4 million transactions. This has taken the gaming platform to the top spot of the NFT collectibles space.
CryptoSlam charts also shows that the majority of Axie Infinity’s sales occured in the last 30 days, with 241,352 buyers purchasing close to $754,013 worth of Axies. The past month has seen an exponential rise in user adoption as well. According to Sky Mavis, the game’s developer, its DAU has exploded to over 1 million. Compared to 110,000 roughly two months ago this represents an increase of over 800%.
Axie Infinity’s native token, AXS, has proven to be a good investment. CoinMarketCap data shows that AXS has moved from a 30-day low of $14.19 to a high of $42.71 at the time of writing, a nearly 200% surge in just one months’ time.
The post NFT Gaming is booming; Pokemon inspired game passes $1billion in sales appeared first on iGaming.
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Author: Peter Siu