Axie Infinity Reports Over 238K NFT Sales and $2M in Weekly Volume

Axie Infinity, a blockchain-based sport impressed by the Pokémon sequence, has recorded important exercise with over 238,000 non-fungible token (NFT) gross sales and practically $2 million in transaction quantity. 

The figures had been shared by the sport’s official profile on X (previously Twitter) on September 15 in a weekly replace.

Based on the report, Axie Infinity recorded 238,738 whole NFT gross sales and a quantity of 857.92 ETH, which interprets to $2,022,769. The sport additionally noticed 152,743 particular person Axies bought and 101,004 gamers partaking as bounty hunters. 

Launched in 2018 by Sky Mavis, a sport growth firm based mostly in Vietnam, Axie Infinity blends components of cryptocurrency, decentralized finance (DeFi), and gaming to create a “play-to-earn” mannequin. On this ecosystem, gamers can earn real-world worth by means of their in-game actions. 

The sport runs on the Ethereum blockchain, the place gamers acquire, breed, and battle creatures known as “Axies.” Every Axie is as an NFT, with distinctive traits, skills, and stats. The battles are turn-based, and gamers should kind groups, utilizing technique based mostly on their Axies’ attributes.

Gamers can earn two in-game currencies: Clean Love Potion (SLP), which is awarded for successful battles and finishing quests, and Axie Infinity Shards (AXS), which act as governance tokens. AXS holders can vote on choices associated to the sport’s future growth.

In 2021, the sport approached three million each day lively customers and made headlines for promoting a Genesis Plot for 550 Ethereum (about $2.5 million). In 2022, Axie Infinity launched a significant replace that led to the discharge of 56,558 new Axies and attracted 22,550 individuals, producing $7.1 million in market transactions inside simply 24 hours. 

Whereas these figures characterize the peak of the NFT increase, the sport continues to attract curiosity right this moment, albeit at a slower tempo than its peak exercise.

Projections stay constructive, with Enterprise Analysis Insights estimating that the Play-to-Earn NFT Video games Market will develop to $6.3 billion by 2031.