Axie Infinity NFT Sales Increase More than 205%

Axie Infinity NFT Sales Increase More than 205%

12.07.2022 08:57
by Gabriel Cross
2 min read

According to CryptoSlam, the P2E game Axie Infinity saw a 205% increase in NFT sales over the past week, making a total of $1.3 million.

This comes after Axie Infinity introduced the support for staking on July 4. This feature enables Axie Infinity Land NFT buyers to earn a passive profit in Axie’s native AXS tokens. At the moment, more than 90% of the entire land NFT supply has been already staked.

Axie Infinity also introduced important updates to the game, collectively named Origin. By mid June, Origin has seen some 600,000 sign-ups. The Origin updates eliminated many of the bugs which have plagued the previous versions of the game.

Furthermore, the relaunch of the Ronin bridge lead to an increase in sold NFTs. This bridge enables players to transfer assets between Axie Infinity and the Ethereum mainnet. The Ronin bridge was offline since March.

Axie Infinity allows the players to collect or trade playable monster NFTs, and then battle each other with these monsters. The game was very popular late last year. It reached the height of popularity in November, when it made $753.9 million in NFT sales. Despite the resurgence in sales, it was the 18th highest selling game in terms of NFT last week.

Source: https://cointelegraph.com/news/volumes-surge-205-in-axie-revival-as-co-founder-claims-project-is-healing

Author

  • Gabriel Cross used to be a bank officer for an international bank for many years. From this point of view, he says the time spent obtaining a degree in economics was a waste of time. A few years back, he decided to quit his job and start trading. He is obsessed with decentralized finance, but he often plays with the stock market, investing with great pleasure into ground-breaking tech solution startups.

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