In February 2022, Axie Infinity, a Play-to-Earn blockchain game, became the third most successful NFT project ever in terms of total lifetime NFT sales by crossing the $4 Billion mark
Axie Infinity: Vietnam to the World
Have you heard about Axie Infinity? It’s one of the most successful play-to-earn games; in fact, it’s one of the most highly sought-after games ever. This blockchain-based online game was created by Sky Mavis, a Vietnamese software studio, and this studio has been at the forefront of some of the most exciting developments in the world of blockchain-based games.
Axie is a fresh gaming concept that has caught the attention of gamers and industry players worldwide, it’s partially owned and operated by players, and you can earn AXS tokens when you play. These tokens can be used to undertake a plethora of activities that’ll decide your in-game faith.
Axie Infinity currently has over 2.8 Million daily active users, and these users have combined to make some of the most outrageous in-game purchases. One of such purchases was the $820,000 sale of the most expensive Axie ever, and today the average Axie Infinity sale is $198.77.
Axie is more than just in-game purchases, you can go into battle with your enemies, but to achieve success, you’ll need to assemble an unstoppable team of Axies. Axies can be created using up to a billion possible genetic combinations; each Axie has unique genes, and their genes help decide their weakness and strengths.
$4 Billion Total NFT Sales
Earlier this week, Axie Infinity surpassed a significant milestone; the game officially recorded over $4 Billion in total NFT sales. Axie Infinity has come a long way since its launch in 2018 to become the third most traded NFT project of all time.
Over the last 12 months, the Play-to-Earn pet training niche has grown in leaps and bounds, and Axie Infinity has been one of the stand-out games in this niche. According to a report by dappradar.com, OpenSea has facilitated the most NFT trades with $21.85 Billion; LooksRare comes in second at $16.85 Billion.
Axie Infinity is in third place with $4.14 Billion in NFT sales, while CryptoPunks and NBA Top Shot close out the top 5 with $2.61 Billion and $863.24 Million, respectively.
How large can the NFT market get?
This is a question that NFT supporters and critics ask, how large can the NFT market get? With the type of insane growth we’ve witnessed over the last 12 months, there’s no telling what’s next for the general NFT market. Some people believe that the market has grown too fast in such a short amount of time, so there’s only one way to go – down. Activities in the NFT world may point to this just being the beginning of the NFT market when we consider the sheer number of large institutions and investors working around the clock to get their projects ready for launch on the metaverse hard not to be optimistic.