Play-to-earn game Axie Infinity (AXS) just breached $1 billion in all-time sales, adding to the surging popularity of games based on non-fungible tokens (NFT).
The online video game developed by Sky Mavis allows players to generate profits through buying, breeding and selling digital pets known as Axies. Each Axie is minted as an NFT, enabling players to verify the authenticity of the digital creature in the blockchain.
According to NFT analytics site CryptoSlam, Axie Infinity has made over $1.04 billion in all-time sales with over 2.4 million transactions, pushing the gaming platform to the top spot of the NFT collectibles space.
CryptoSlam also shows that most of Axie Infinity’s sales happened in the last 30 days, with 239,283 buyers purchasing close to $750,000 worth of Axies.
The game is also seeing an exponential rise in user adoption.
On June 8th, Sky Mavis reported that the number of daily active users (DAU) on Axie Infinity hovered around 110,000. Now the developer says the game’s DAU has exploded to over 1.02 million, representing an increase of nearly 830% in just two months.
It's official ??
More than 1 M daily active players!
— Axie Infinity?? (@AxieInfinity) August 6, 2021
Amid Axie Infinity’s rapid rise in adoption, its native token AXS continues to be a bright spot in the NFT space. CoinMarketCap shows that AXS has rallied from a 30-day low of $14.19 to a high of $53.28, marking a surge of over 275% in just one month.Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/GrandeDuc