Axie Infinity’s NFT game has crossed $ 1 billion in trading volume between players, according to data from the CryptoSlam platform!
At the time of writing, tokens worth over $1,100,000 from a Pokémon-inspired NFT game have been traded through 2.5 million transactions. There are over 350,000 customers, and almost 1 milion owners and more than a million active users per day.
The milestone is the latest evidence showing that the blockchain game, launched in 2018, has truly gone viral this summer. Nearly a fifth of the volume was done in the past week.
Axie Infinity is the first NFT game to exceed the billionaire amount. The next game is the NBA Top Shot, a basketball card trading game, running on a flow blockchain, has grossed around $700 million in sales. CryptoPunks are currently in 3rd place with $680 million.
Axies have different characteristics that determine their fate and outcome in battles with other players, just like Pokémon. The inclusion of cryptocurrencies makes the game much more lucrative than Pokémon, encouraging players to spend and with a little luck, make money.
High demand makes Axie Infinity an increasingly expensive game. While the new Pokémon game costs well under $60 for a 100+ hour experience, one pet in Axie Infinity costs several hundred dollars.
However, unlike Pokémon, players are free to sell their Axie and earned SLP tokens in secondary markets. Sky Mavis gaming development studio calls this model play-to-earn.
In November 2020, the Vietnamese company launched the Axie Infinity Shards (AXS), a management token that allows players to vote on the future of the game. The token has achieved great growth in the last month. On July 20, AXS had a market capitalization of over $900 million, now has $2.7 billion.
Sky Mavis has also launched a decentralized market for over 91,000 virtual land plots, from which players can develop their work bases, gather resources and craft items. Plots often sell for more than $10,000, although most of the game’s land features have not yet been implemented.
How to Play Axie Infinity
Axie Infinity is built entirely around NFT items – and there’s currently no way to play unless you buy the three Axie NFTs needed to create your first team.
They can be purchased at the official Axie Market through your Ronin wallet that you will associate with the game. You can play on PC, Mac, Android or iOS and lead your Axies in the fight for prizes.
Axie Infinity takes the fun and tempting premise of Pokémon and adds an element of ownership to the combination. These Axies belong to you and bring tangible rewards: Smooth Love Potion (SLP) crypto chips that can be exchanged for money. Starting costs will be a major hurdle for many players, but it is a game that rewards players for the more time and effort they put into them.
How to get started with Axie Infinity
Here’s the break: you’ll need three Axie NFTs to start playing Axie Infinity, the most affordable Axies available on the Marketplace are around $ 225-250 per piece. You may spend $ 700 or more to build a starting team. That’s more than the price of a PlayStation 5 or Xbox Series X console, let alone a game. Keep in mind that your Axies are investments and can be resold, plus they bring rewards through gaming.
What is an AXS Token used for?
The Axis Infinity Shard (AXS) is the original Axie Infinity control mark. Currently, you can use AXS to pay breeding fees. In the future, AXS owners will be able to vote on decisions regarding the game and its future development, as well as invest AXS tokens to earn in-game rewards.
Over time, Axie Infinity plans to gradually transition to a decentralized autonomous organization (DAO) to enable community management.
Where can you buy AXS Crypto?
AXS is available on cryptocurrency exchanges such as Binance, FTX and Huobi Global, although it is not currently sold by Coinbase or Binance.US, for example. Decentralized exchanges like Uniswap and SushiSwap offer this though.
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