Ethereum-based NFT game Axie Infinity has crossed $1 billion in sales, data from CryptoSlam! Shows.
At the time of writing, $1055,735 worth tokens from the Pokemon-inspired NFT gaming game had been traded through 2.4 million transactions. There are 324,850 buyers, 936,065 owners, and more than a million daily active users.
This milestone is yet another evidence that blockchain games have gone viral since their launch in 2018. Axie Infinity sold almost a fifth of its products in the last week, and the company has completed three quarters in the last month.
Axie infinity was the first NFT game that has sold more than $1 billion. NBA Top Shot, a basketball trading card game that runs on the Flow blockchain has racked-up $675 million in annual sales and Ethereum-based CryptoPunks with $657 million.
What is Axie Infinity?
The game is simple and easy to play. All you have to do is grab the blockchain from AxieInfinity. The fate of Axies in battles against other players is determined by their stats, much like Pokemon.
Cryptocurrencies make the game more lucrative than Pokemon. It encourages players to spend and, with any luck earn.
Axie Infinity is also extremely expensive due to Crypto. A new Pokemon game can be purchased for as low as $60 and lasts around 100 hours. However, one Axie Infinity Monster costs several hundred dollars. Even this green shrub costs $60.
But unlike Pokemon monsters they can sell their Axie Infinity tokens in secondary markets. This is evident, considering today’s $1 billion milestone. Sky Mavis, a developer, calls the model “play-to-earn.”
In November 2020, the Vietnamese developer Axie Infinity Shards was launched (AXS) by a governance token that allows players to vote for the game’s future. In the last month, the token has seen a boom. AXS’ market cap was $900 million on July 20; it now has a market capital of $2.6 billion.
Sky Mavis also has a marketplace for 90,601 plots in virtual land. From this market, players can build their bases, gather resources, and craft items. Plots often sell for over $10,000, even though the majority of land gameplay features have not been implemented.