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Axie Infinity is the most traded NFT ever

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TL;DR Breakdown

• The video game earned more than $2 million between January and March 2021.
• Axie Infinity continues to be the number one most used NFT game in the world.

When NFT trading peaked in popularity, the Axie Infinity game was one of the top games in this new technology. In the first three months, the Axies became a trend, leaving competitors such as CryptoPunks and NBA Top behind

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According to the latest report, this video game with simple features has collected more than $2.5 million. The Axies have gained fame for their high adoption rate in the Philippines and recently in Venezuela.

Axie Infinity changing NFT trade

Axie Infinity

According to crypto appraisal agency DappRadar, Axie Infinity achieved a trade rate of over $2 million from January to March 2021. This figure would represent over 80 percent of its current trade volume. But the axis accumulated about $800 million in profits during those months.

NFT game metaverse also increased its adoption rate in the first three months of the year. The Blockchain network counted at least 1.50 million active crypto wallets on the day, so there was a lot of movement in decentralized transactions.

With these figures in mind, the agency highlights that the NFT trade increased over 25 percent compared to the last three months of 2020. But the number of adoptions increases to over 509 percent compared with last year. Axie Infinity would be among the most popular NFT games of 2021.

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The NFT video game had a complicated year due to the adoptions wave and its recent updates. In October alone, Axie raised more than $150 million in the Series B funding round.

Axie awards more than a fifth of the earnings in NFTs

Even though Axie Infinity has been through many controversies, the game has represented the NFT trade since its launch. So much so that, according to analysis, Axie gives more than a fifth of the profits in the trading of non-fungible tokens, which is impressive.

But the latest Steam posts regarding it not accepting NFT games on its list put Axie out of a new wave of adoptions. The video game developers were hoping that Axie would enter the Steam collection to use more enthusiasts, but it was not like that.

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Despite all this, Axie Infinity still maintains its excellent game standard that has helped many countries in Asia and Latin America. The game will continue to expand its client rate by awarding scholarships and other types of financing programs. Similarly, Axie is organizing new agreements to make its trade accessible to any country in the world.

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Live about Axie Infinity to give away 10 spots for Coingoback school on Black Friday

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To celebrate Black Friday, Coingoback’s Axie Infinity School will raffle 10 people in the live from today (11/25) at Cointimes Twitch, that starts at nine-thirty at night (9:30 pm).

Axie Infinity is the best known game of the play-to-earn model, and Play is a “school” of Coingoback that opens up opportunities for its users to play for free.

Created to offer cashback to users who usually buy online, Coingoback is a Cointimes platform that now gives you the chance to earn money by playing, just apply to Play and receive your Axie Infinity account.

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Play is a product within Coingoback, but it’s not called a school by accident, there’s a team ready to teach you everything you need to know about the game and how to be efficient at SLP farming.

Every fortnight, players receive their share (30% to 50% of the SLPs earned, depending on their performance) converted to bitcoin in their Coingoback accounts, where they can withdraw to any wallet whenever they like.

There are currently about 200 players earning money with Play. But, as expected, there is a large queue of users who also want to join.

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Therefore, the easiest way to get a seat on Coingoback Play is by watching the lives on Twitch, which usually has a lot raffle. This Thursday (25), the draw is a special Black Friday and ten places will be awarded.

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Axie Infinity’s digital land sells for $2.5 million, boosting AXS price uptrend

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  • Axie Infinity is the most traded NFT collection in Q3 2021, emerging as the second most popular blockchain gaming token. 
  • Digital land plot on Axie Infinity metaverse sold for 550 ETH, a record high in the play-to-earn gaming ecosystem. 
  • Sky Mavis, developers of Axie Infinity, plan to sell 90,000 plots of land to create news games within the ecosystem. 

Axie Infinity is one of the most popular blockchain games among Ethereum whales. AXS token has posted 85% gains over the past 90 days. The game developers plan on nurturing the play-to-earn gaming ecosystem by powering new games on digital plots of land. 

Digital plot of land sells for 550 ETH on Axie Infinity 

Axie Infinity, the play-to-earn game, rewards players with tokens for winning battles and conquests. The blockchain game relies on the addition of new players in the ecosystem for the Axie economy’s growth, therefore analysts question the sustainability of the game. 

Sky Mavis, the Axie Infinity developers, plans to sell 90,000 plots of digital land in the game’s ecosystem. Developers have an opportunity to buy these digital plots and build their blockchain games in the Axie Infinity ecosystem. 

The popular metaverse game recently hit a milestone, selling a digital plot for 500 ETH, or the equivalent of $2.5 million. Axie Infinity has confirmed that this is the highest price for a digital plot of land in the metaverse. 

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Back in February 2021, Axie Infinity sold nine plots of digital land for $1.5 million. 

AXS token has struggled to recover from a nearly 20% drop below its all-time high of $164.90. Eric Krown, a cryptocurrency analyst, is bullish on AXS price and expects a recovery. Krown has set a target of $180 for AXS price. In his recent YouTube video, Krown said:

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Axie Infinity has more or less a bullish setup… A daily closure above $150 or so will imply a target above $180, a little bit higher than that actually.

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Axie Infinity virtual land slot sells out for 550 ETH

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In a tweet posted by Axie Infinity late Thursday, a lucrative land plot within the monster-battle fantasy nonfungible tokens, or NFTs, game sold for 550 ETH ($2.3 million). Axies are creatures that users command to duel other players, battle enemies, and complete daily quests. They are also NFTs can be bred (minted), bought, and sold freely.

The game takes place in the world of Lunacia that Axies inhabit. It is a 301×301 square grid where each section represents a tokeized plot of land called Terra, which players can also buy, sell, or rent out to other players at will. The land that was sold yesterday is classified as Genesis, which is the rarest form of virtual real estate available in the Axie Infinity ecosystem.

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Monsters, known as Chimeras, spawn in the game and terrorize Lunaria. By defeating Chimeras, players earn Smooth Love Potions (SLPs), which can then be sold at cryptocurrency exchanges for cash. Defeated Chimeras also drop other types of resources that can be used to upgrade their Axies and land, thereby increasing earnings potential for SLPs. Genesis Land is located strategically at the center of Lunacia, where rare Chimeras raid bosses spawn and drop special items. In addition, only 220 out of 90,601 land slots have the Genesis classification.

Critics of the game say that there’s nothing physically tangible with virtual real estate and wonder why they would have any value at all. But for some, playing Axie Infinity is a full-time job deserving of upfront investments, especially in developing nations, where the earning SLPs each day in the game can often surpass that of countries’ minimum wages.

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