The popular non-fungible Axie Infinity (NFT) gaming platform continues to see an increase in adoption from users, following the exponential growth in the number of wallet addresses.
AXI sees an increase in title holders
according to data Submitted by IntoTheBlock on Tuesday (September 28, 2021), the ownership of Axie Infinity Shards (AXS) is increasing, with 17,480 title holders. This number represents a new all-time high (ATH) and an increase of 420% year-to-date. Meanwhile, this growth indicates the growing popularity of Axie Infinity and non-fungible tokens (NFT) games that are played to earn.
back in july, Potato encryption It reported that the value of the AXS token increased by almost 400% in one month, resulting in a market capitalization of over $1 billion. Later in August, AXS was among the listed assets on major crypto exchange Coinbase Pro, which also gave it an instant boost.
It can be said that Axis Infinity, developed by Sky Mavis and released in 2018, popularized the play for profit trend and scored a number of notable milestones in recent times. Data from DappRadar revealed that the project recorded more than $2 billion in NFT sales, cementing Axie’s place as the most valuable NFT group, thus overtaking major names such as CryptoPunks, Art Blocks and NBA Top Shot.
The data also showed that more than 600,000 users traded on Axis Infinity NFTs, resulting in 4,887,645 transactions. The project currently has more than 1.5 million daily active users.
According to Jeff Zerlin, co-founder of Axie Infinity, Half of the platform users They dealt with cryptocurrency and blockchain for the first time through Axie, while 25% of them do not have a bank account.
NFT Games Growth
The NFT industry has become popular with celebrities, major sports leagues, and companies that buy or sell digital art in any form. However, blockchain-based games are seeing a special kind of interest.
A report by DeFiPrime stated that the NFT Gaming market had a total market valuation of nearly $180 billion as of August 2021, with the value estimated to rise to $196 billion. Text excerpt from the report:
“NFT games may have the potential to become a standard for the gaming market if they notice enough interest and popularity. They have really made big changes to games and made them more fun for gamers. From there, it could be a very big change in the way people play games and it could be huge Like Doom on the market or 3D for environments.”
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