Axie Infinity (AXS) Breaks All-Time Record as NFT Sales Rise
Axie Infinity is an Ethereum-based game that users can earn by playing games. Axie Infinity, a war and breeding game in the style of Pokemon, attracted great attention by crypto and game lovers. It is on its way to becoming the largest NFT market in the crypto market.
Interest in Axie Infinity is increasing day by day and there has been a high demand in the last week. It has managed to bring in more revenue than any other protocol in the last week. Due to high demand, NFT prices increased by around 50%.
Increasing participation in Axie Infinity has resulted in the incredible rise of AXS. AXS rose 60% today to $19.6, breaking the all-time record. Also more than 200% increase this week. After the price adjustment, there was a slight decrease. But the price adjustment could bring the AXS price down to $18, then start a fresh increase. It is currently trading at $19.2. Also, NFT prices in the game have increased. For example, you need to have at least 3 Axies to start playing Axie Infinity. This set was known to be bought for $600 last week. the same set is now $900. Axie Infinity has become one of the best in the play-to-win model.
Jeffrey Zirlin, co-founder of Sky Mavis, the company behind Axie, said in a statement that the game is still simple and new, and that there will be significant updates over the course of 9 months. With new updates coming to the game for 9 months, Axie Infinity economy will continue to grow.
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