NFT Game Axie Infinity Raises $860K in Governance Token Sale

The Axie Infinity team is making moves. On the one hand, they raised $860K “through a strategic sale of our governance token, AXS.” On the other, they announced an in-game decentralized exchange and their AXS increased in prize by 55% in the last 24 hours. Great numbers all around that would satisfy and attract any investor. And speaking about satisfied investors, their original backers were the people invited to Axie Infinity’s private sale. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course Let’s digest all that part by part. Axie Infinity ‘s....

The record-breaking sale is a cherry on top of Axie Infinity's strong week and even stronger year While a rally in the latter half of the week saw major names across the decentralized finance (DeFi) ecosystem climb upwards of 100%, Axie Infinity -- the Pokemon-inspired NFT game -- carried the banner for the NFT space, capping off a wild week of progress with a record-breaking 300 ether (roughly $130,000) sale. The eye-poppingly expensive Axie -- the NFT-backed critters used to play and battle in the Axie Infinity game -- is named Angel, and is one of 19 “triple mystic” Axies currently in....

While it may seem like an expensive game, it is actually a relatively cheap way to get involved in NFT investing. The Pokemon-inspired Axie Infinity has grown to become the number one nonfungible token, or NFT, game on the Ethereum blockchain, with over 7,000 on-chain active monthly users.This week saw the launch of its $2.97 million Axie Infinity Shards (AXS) governance token sale on Binance Launchpad, so Cointelegraph got deep down and dirty with the game to see what all the fuss was about.Picking your Alpha AxiesTo get started you need at least three Axies. These are the creatures that....

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 […]

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to....