According to CryptoSlam data, Axie Infinity, one of the most popular play-to-earn games, achieved a significant milestone by becoming the first non-fungible token (NFT) series to surpass $4 billion in historical sales earlier today.
The total sales volume of Axie Infinity, operating on the Ethereum sidechain Ronin, is nearly twice the value of the second-ranked NFT collection, CryptoPunks. Despite general declines in the cryptocurrency market, the NFT market has posted robust monthly sales records from January to the present, experiencing a strong start to 2022.
Axie Infinity is a play-to-earn game where players aim to earn the in-game token SLP. This token is used by players for various purposes, such as training Axies, engaging in spot market trading, or staking for profits. The game involves battles with “Axies,” small creatures resembling Pokémon that are represented as NFTs in Axie Infinity.
To begin playing the game, players need three Axies, but they can buy, sell, and breed more as they progress. The increased demand for Axies and the play-to-earn model contributes to the record-level sales in Axie Infinity.
Interest in play-to-earn games like Axie Infinity has surged, particularly due to the impact of the COVID-19 pandemic, which has led people to spend more time at home, and the economic challenges faced by many.
Despite the overall cryptocurrency market decline, Axie Infinity’s native cryptocurrencies, AXS and SLP, have experienced a steady growth trend. Axie Infinity boasts approximately 3 million players worldwide as of January.
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