Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Axie Infinity Becomes First NFT Game To Reach $1 Billion In Sales

Axie Infinity Becomes First NFT Game To Reach $1 Billion In Sales

Ethereum-based Axie Infinity (AXS) just hit $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.

As of this writing, $1,070,615,958 worth of tokens from the Pokémon-inspired NFT game have traded hands through 2.49 million transactions. There are 327,744 buyers, 956,431 owners, and more than a million daily active users, according to NFT analytics site CryptoSlam.

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.


Axie Infinity is the first NFT game to surpass $1 billion in sales. The next best-selling game is NBA Top Shot—the basketball trading card game, which runs on the Flow blockchain, has racked up $676 million in all-time sales—and Ethereum-based CryptoPunks, with $661 million.

What is Axie Infinity?
Shed the blockchain from Axie Infinity, and the game plays like a simple monster-battler. Axies have various stats that determine their fate in battles with other players, just like Pokémon.

The inclusion of cryptocurrencies makes the game a lot more lucrative than Pokémon, incentivizing players to spend and, with any luck, earn.

Crypto also makes Axie Infinity incredibly expensive. While a new Pokémon game costs well under $60 for a 100+ hour experience, a single Axie Infinity monster costs a couple of hundred dollars. Even this green shrub costs $60.

However, unlike Pokémon monsters, players are free to sell their Axie Infinity tokens on secondary markets—and, given today’s high milestone of $1 billion, they clearly are. Developer Sky Mavis calls the model “play to earn.”

While Axie Infinity grows fast in terms of 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. It’s currently trading at $42.55.

Source: Axie Infinity Becomes First NFT Game To Reach $1 Billion In Sales – Fintechs.fi

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
Russia's Fossil Fuel Revenues Approach €900 Billion Since Ukraine Invasion
Alcohol Industry Faces Increased Scrutiny Amid Health Concerns
U.S. Goods Imports Plunge Nearly 20% Amid Tariff Disruptions
Italy Faces Population Decline Amid Youth Emigration
Trump Accuses China of Violating Trade Agreement
OpenAI Faces Competition from Cheaper AI Rivals
Foreign Tax Provision in U.S. Budget Bill Alarms Investors
Russia Accuses Serbia of Supplying Arms to Ukraine
Gerry Adams Wins Libel Case Against BBC
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
EU Majority Demands Hungary Reverse Anti-LGBTQ+ Laws
Top Hotel Picks for 2025 Stays in Budapest Revealed
Iron Maiden Unveils 2025 Tour Setlist in Budapest
Chinese Film Week Opens in Budapest to Promote Cultural Exchange
Budapest Airport Launches Direct Flights to Shymkent
Von der Leyen Denies Urging EU Officials to Skip Budapest Pride
Alcaraz and Sinner Advance with Convincing Wins at Roland Garros
EU Ministers Lack Consensus on Sanctioning Hungary Over Rule of Law
EU Nations Urge Action Against Hungary's Pride Parade Ban
Putin's Helicopter Reportedly Targeted by Ukrainian Drones
U.S. Considers Withdrawing Troops from Europe
Russia Deploys Motorbike Squads in Ukraine Conflict
Critics Accuse European Court of Human Rights of Overreach
Spain Proposes 100% Tax on Non-EU Holiday Home Purchases
German Intelligence Labels AfD as Far-Right Extremist
Geert Wilders Threatens Dutch Coalition Over Migration Policy
Hungary Faces Multiple Challenges Amid EU Tensions and Political Shifts
Denmark Increases Retirement Age to 70, Setting a European Precedent
Any trade deal with US must be based on respect not threats', says EU commissioner
UK Leads in Remote Work Adoption, Averaging 1.8 Days a Week
Thirteen Killed in Russian Attacks Across Ukraine
High-Profile Incidents and Political Developments Dominate Global News
Netanyahu Accuses Western Leaders of 'Emboldening Hamas'
Ukraine and Russia Conduct Largest Prisoner Exchange of the War
×