A play-to-earn (P2E) concept game, Axie Infinity became the first non-fungible token (NFT) series to record sales above $ 4 billion (RM16,753,120,976.94).
For the record, his performance marked the first history in the crypto space.
In fact, Axie Infinity sales address the performance of the famous NFT collection - CryptoPunks doubled with the total ownership of the series reaching a total of 2.8 million owners!
It is worth noting that the growth of the NFT market will be remarkable in 2021 and 2022 after its wave began in mid -2020.
The evidence can be seen when NFT trading has increased 60% for the first 40 days of 2022 from a record $ 6.7 billion in the fourth quarter (Q4) of last year.
Axie Infinity is getting high attention in the Philippines so much so that it has become a side career for a handful of residents there.
Even so, the involvement of this game has its ups and downs because its profits have dropped to a lower level than the minimum wage in the country.
Axie Infinity (AXS) Summary
Is a blockchain based video game
Has NFT characters, known as ‘Axies’ that resemble Pokemon characters
Players simply have to fight each other using Axies and earn Smooth Love Potion (SLP) and AXS tokens.
At the time of writing, the AXS token registered a decline of up to almost 14% in 24 hours, trading at $ 47.86. While SLP, over the same period declined almost 20%, was worth $ 0.01767.
