• Axie Infinity is the first Ethereum NFT game to reach $1 billion in sales

  • According to CryptoSlam!, the Ethereum-based NFT game Axie Infinity has surpassed $1 billion in sales. shows.

    As of this writing, $1,055,735 in tokens from the Pokémon-inspired NFT game had been exchanged in 2.4 million transactions. There are 324,850 buyers, 936,065 owners, and over a million active users every day.

    The achievement is the latest proof that the blockchain game, which debuted in 2018, has truly gone viral this summer. Almost a fifth of Axie Infinity’s sales occurred in the previous week, with the remaining three quarters completed in the previous month.

    Axie Infinity is the first NFT game to sell more than $1 billion. NBA Top Shot, a basketball trading card game that runs on the Flow blockchain, is the next best-selling game, with $675 million in total sales, followed by Ethereum-based CryptoPunks, with $657 million.

    What exactly is Axie Infinity?

    When you remove the blockchain from Axie Infinity, the game becomes a simple monster-battler. Axies, like Pokémon, have various stats that determine their fate in battles with other players.

    The addition of cryptocurrencies makes the game far more profitable than Pokémon, incentivizing players to spend and, hopefully, earn.

    Axie Infinity is also extremely expensive due to the use of cryptocurrency. A single Axie Infinity monster costs several hundred dollars, whereas a new Pokémon game costs well under $60 for a 100+ hour experience. This green shrub alone costs $60.

    Unlike Pokémon monsters, however, players are free to sell their Axie Infinity tokens on secondary markets—and, judging by today’s high milestone of $1 billion, they clearly are. Sky Mavis, the model’s creator, refers to it as “play to earn.”

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

    Sky Mavis has also launched a decentralized market for 90,601 plots of virtual land, from which players can build bases, gather resources, and craft items. Plots frequently sell for well over $10,000, despite the fact that the majority of land’s gameplay features have yet to be implemented.

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