Axie Infinity Hits A Week Of Progress With A Record-Breaking Of 300 Ether Sale
Axie Infinity Hits A Week Of Progress With A Record-Breaking Of 300 Ether Sale
November 9, 2020
Axie Infinity Hits A Week Of Progress With A Record-Breaking Of 300 Ether Sale
Axie Infinity Hits A Week Of Progress With A Record-Breaking Of 300 Ether Sale
November 9, 2020

Axie Infinity, an Ethereum-based collectibles game, hits a week of progress with a record-breaking 300 ether (around $130,000) sale. 

It has been reported that the expensive Axie, the NFT-backed critters used to play and battle in the Axie Infinity game, is named “Angel,” and is one of 19 “triple mystic” Axies currently in existence.

However, Angel was sold on November 6 (Friday) on Axie NFT marketplace, where it was then almost immediately re-listed for a staggering 666 ether (over $250,000) sum.

The report said that the sale topped a strong week for the game that was filled with updates and news. Among the highlights were a live-streamed “The Last Lunacian” tournament, collaboration with DeFi lending protocol Aave on a limited-edition NFT set, and a breach of 9,000 monthly active users.

It has been analyzed that most exciting for Axie community members was the launch of Axie Infinity Shards (AXS), Axie’s governance token, which went LIVE on November 3 (Tuesday).

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According to the Axie website, the tokens will be used to earn staking rewards, function as currency on Axie’s native NFT marketplace, and grant holders voting rights in the upcoming governance system.

Jeff “Jiho” Zirlin, the Growth Lead at Axie Infinity, said:

“It’s clear that the world is waking up to the massive potential of Axie Infinity and this special community we’ve cultivated. AXS, the Axie governance token, will be the cornerstone of our mission to empower millions of gamers.”

Likewise, AXS was listed on Binance on November 4 (Wednesday), where it currently trades at $.14, up 40% from its public sale price.

According to data provided by Nansen, major metrics are pointing up for the game across the board on the year. The total number of wallets, which currently hold an Axie NFT has gone from 3,045 to 14,929, a rise of 490% and total marketplace participants have risen from 2,056 to 10,042, a rise of 488%, both in the midst of parabolic flights.

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Also, Axie’s progress may reflect a growing interest across the NFT space.

In a recent interview, Jesse Johnson, the Co-founder of Aavegotchi, said that NFTs may soon become a backbone of DeFi, and the NFT space as a whole has been valued as high as $100 million. 

Thus, Zirlin said:

“This is just the beginning of a trend that will culminate with many of the world’s most popular games being owned and operated by the communities that play them.”

Source: Cointelegraph


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.