• Holders of Axie Infinity Records ATH: 420 percent Year-to-Date Growth

  • The active holders of Axie Infinity have reached a new all-time high, continuing the company’s impressive performance this year.

    Following exponential growth in the number of wallet addresses, the popular non-fungible token (NFT) gaming platform Axie Infinity continues to see increased adoption from users.

    Axie Notices an Increase in Address Holders

    Axie Infinity Shards (AXS) ownership is on the rise, according to data on Tuesday (September 28, 2021), with 17,480 address holders. This is a new all-time high (ATH), with a year-to-date increase of 420 percent (YTD). In the meantime, the popularity of Axie Infinity and play-to-earn non-fungible token (NFT) gaming is growing.

    The value of the AXS token soared nearly 400 percent in one month in July, resulting in a market capitalization of over $1 billion. AXS was one of the assets listed on the major cryptocurrency exchange Coinbase Pro later in August, which gave it an immediate boost.

    Axis Infinity, a game developed by Sky Mavis and released in 2018, is credited with popularizing the play-to-earn trend and boasting a slew of recent achievements. According to DappRadar, the project sold over $2 billion worth of NFTs, cementing Axie’s position as the most valuable NFT collection, surpassing major names like CryptoPunks, Art Blocks, and NBA Top Shot.

    More than 600,000 users traded Axis Infinity NFTs, resulting in 4,887,645 transactions, according to the data. Over 1.5 million people use the project on a daily basis.

    According to Jeff Zirlin, co-founder of Axie Infinity, half of the platform’s users had their first encounter with cryptocurrency and blockchain through Axie, and 25% of them did not have a bank account.

    NFT Gaming’s Expansion

    Celebrities, major sports leagues, and corporations are increasingly interested in purchasing or selling digital art in any form. Blockchain-based games, on the other hand, are getting a lot of attention.

    According to a report by DeFiPrime, the NFT Gaming market is valued at nearly $180 billion as of August 2021, with the value expected to rise to $196 billion by 2022. The following is an excerpt from the report:

    “If it receives enough attention and popularity, NFT games may have the potential to become the industry standard. They’ve already made significant changes to games, making them far more enjoyable for players. From there, it could be a huge shift in how people play games, comparable to what Doom did for the market or 3D did for environments.”

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