Axie Infinity becomes the first NFT series to surpass the $4 billion mark in sales
According to CryptoSlam statistics, the play-to-earn superstar Axie Infinity became the first non-fungible token (NFT) series to surpass the US$4 billion barriers in record sales early Tuesday AM Asia time.
Axie Infinity’s overall sales volume is almost twice that of the second-place NFT collection, CryptoPunks. The NFT market has had a solid start to 2022, with January setting a new monthly sales record, despite the overall crypto market’s cooling.
Axie Infinity is a game in which players combat “Axies” – little Pokémon-like creatures that are also NFTs — in order to earn the in-game token SLP, which can be used to produce Axies, sell them on the spot market, or bet for profit.
Players begin with three Axies but may purchase, sell, and “breed” more ones as they go through the game, and it is this desire that continues to drive record sales.
In May of last year, the game soared in popularity, particularly in the Philippines, as the Covid-ravaged economy discovered a new source of revenue from home.
While both of the game’s native cryptocurrencies, AXS and SLP, have lost over 7% in the last 24 hours as a result of the larger market decline, Axie Infinity has witnessed constant rise in player numbers, reaching around 3 million in January.