Digital blockchain game Axie Infinity is leading the current rally in non-fungible token (NFT) markets, as cryptocurrencies fall again.
Axie Infinity, the digital game based on blockchain of Ethereum, moved value by more than 230 million dollars in the last month, leading the current recovery of the markets of NFT. Currently, this digital game ranks first in the industry, according to data shown by metrics and information provider DappRadar.
In the last month, Axie Infinity celebrated a total of 661.333 sales worth $233,98 million. The protocol that previously led the NFT market was NBA Top Shot, based on the Flow blockchain, followed by CryptoPunks on Ethereum. These protocols have now been trailed by Axie, taking second and fourth place respectively.
Source: DappRadar
The popularity of Axie Infinity has grown significantly since its launch in 2020. This digital game, which is committed to the development of a limitless metaverse, allows users to create real digital economies through the commercialization of NFTs. In February, a user sold a farm made up of 9 parcels of digital land for 1,5 million. Likewise, at the beginning of June a family from the Philippines reported that they made a living playing on this platform. Other gamers have also pointed out that the game allows them to obtain considerable profits in a fun and innovative way.
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Axie Infinity and NFTs
Axie Infinity is a digital game where epic battles take place between strange creatures called Axies, inspired by the famous Pokémon. These creatures are “bred”, like the CryptoKitties kittens, as if they were digital pets within the platform. Each Axie has its own genetic system, with unique characteristics and abilities that are registered as NFTs on the blockchain from the moment of its birth.
Axies can also reproduce with other adult Axies up to 7 times, and their development and value, and that of their offspring, will be directly linked to the time that users and gamers dedicate to these creatures.
In Axie Infinity, users can earn rewards in Tokens Smooth Love Potion (SLP), which are interchangeable with cryptocurrencies, like ETH and stablecoins such as BUSD and USDT. At the time of this edition, SLPs have a current value of $0,20 per unit. Additionally, Axie Infinity users can also exchange their Axies for tokens Axie infinity Shards (AXS), the digital game governance token, which allows users to participate and vote in the decisions and future development of the game.
AXS value multiplies rapidly
The value of the AXS token has quadrupled in recent weeks. At the time of writing, AXS is trading with a value of $12,3 per unit, growing more than 230% in the last 30 days.
Source: CoinGecko
Axie Infinity has become a complete self-sustaining economic system within the blockchain, where thousands of users play to earn real value.
On the other hand, although Axie Infinity tokens have appreciated significantly today, the overall cryptocurrency market fell again. Bitcoin (BTC) y Ethereum (ETH), the most popular cryptocurrencies in the industry, they quote close to $32.800 and $2.120 respectively, losing between 2% and 6% of its value in the last few hours. The rest of the cryptocurrencies and digital assets in the Top 100 accompany the fall in value of bitcoin.
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