Monster-battle NFT game Axie Infinity soars in popularity among developing na...
One way to earn money on the platform is to breed in-game creatures called Axies using crypto, mint them as NFTs, and sell them to other players. It's no secret that video-game streaming platforms, such as Twitch, have made it possible for players to earn money by broadcasting their gaming experience to an audience of gaming enthusiasts. But now, the tokenomics of blockchain-powered digital games like Axie Infinity have made it possible for users to make money by simply playing the game. At the time of publication, Axie Infinity has over 360,000 concurrent players.Based on data from....
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Out of 2,000 applications submitted for the Axie Infinity Builders Program, only 12 projects were selected. On Tuesday, Sky Mavis, creator of the popular fantasy monster-battle nonfungible token (NFT) game Axie Infinity, announced that it had accepted the first user-created projects in its Axie Infinity Builders Program. Out of 2,000 applications submitted, just 12 were selected for the Builders Program.Among the many perks, chosen teams will receive a minimum $10,000 grant — denominated in Axie Infinity's governance token, Axie Infinity Shards (AXS) — to fund project development. They....
While most digital currency markets are down in value, a token called axie infinity, the native coin tethered to the blockchain-based trading and battle game of the same title, has reached new price highs jumping to $21.55 on Tuesday. The Axie Infinity platform has seen massive demand in recent days, and other tokens from the gaming economy like “smooth love potion” have also seen significant buying pressure. Axie Infinity Token Values Surge Last week, Bitcoin.com News reported on the booming Axie Infinity economy, as the project’s non-fungible token (NFT) assets and its....
In second and third place were sports highlights marketplace NBA Top Shot with $827 million and community gaming platform Loot with $242 million, respectively. According to a recent report curated by NonFungible, players of the monster-battle nonfungible tokens, or NFTs, game Axie Infinity transacted nearly $3.5 billion worth of NFTs in 2021. This accounts for almost two-thirds of all NFTs transacted in the entire blockchain gaming industry in 2021. In second and third place were sports highlights marketplace NBA Top Shot with $827 million and community gaming platform Loot with $242....
The numbers represent a 74% decrease from peak levels witnessed just ten months ago. According to game statistics site Activeplayer, the average monthly number of users playing monster-battle nonfungible tokens (NFT) game Axie Infinity has fallen to 701,447, representing levels not seen since January 2021. At its peak, monthly Axie Infinity players hit 2.78 million in January of this year before the advent of the crypto winter. The popular play-to-earn NFT game lost 1.2 million players alone in June.Bear market aside, game mechanics also partly contributed to the decrease in player count.....
Investors have been jumping into Axie Infinity (AXS) in a rush to leverage future upside. This ERC-20 token and its protocol could be the beginning of a new mania in the crypto space and a game-changer for the videogame industry. Inspired by the popular game Pokemon, Axie Infinity allows players to explore in an open-world […]