The most expensive Axie land sale in the non-fungible token (NFT) game Axie Infinity cost 550 ETH (worth more than $2.3 million). Announcing the purchase on Twitter, Axie Infinity celebrated the milestone and described it as a major feat for the “player-owned” digital nation.
While some spectators may find the most expensive Axie land sale absurd, many gaming enthusiasts are willing to pay such an amount to own a property in a prime location in the NFT world.
At the same time, the explosive growth of the non-fungible tokens (NFTs) market in recent months has attracted the attention of avid art creators and collectors from both within and outside the cryptocurrency industry.
Almost everything is now being tokenized and turned into NFTs, even the most ridiculous things. From sports playing cards, artworks, music, and sports tickets, to tweets, cats, frogs, and even stones.
Most Expensive Axie Sale Continues Rise of Axie Infinity
Prior to the most expensive Axie land sale, Axie Infinity has grown to become one of the biggest play-to-earn NFT games in the industry. The Pokemon-inspired Metaverse allows players to collect, raise, breed, and battle in a land-based universe.
Launched in 2018, Axie Infinity has made a name for itself, attracting millions of users from different parts of the world.The NFT game currently has over 2 million daily users, with daily trading volumes even reaching peaks of $40 million, according to data from CryptoSlam.
Just last month, Axie Infinity’s developer, Sky Mavis, raised $152 million in a Series B funding round led by Andreessen Horowitz. It noted that the funding would go toward expanding Axie Infinity’s reach, upgrading its gaming platform, and launching its Ronin-based decentralized exchange.
Interest in NFTs Continues to Surge
With the rapidly growing rate of the NFTs market, several crypto and non-crypto firms are leveraging the emerging market to encourage user engagement. For instance, Coinbase is launching an NFT marketplace to capture growing interest in the asset class.
According to the game's developers, it's the largest sum ever paid for virtual real estate. In a tweet posted by Axie Infinity late Thursday, a lucrative land plot within the monster-battle fantasy nonfungible tokens, or NFTs, game
NFTs, game
Video games can include elements that use blockchain technologies, including cryptocurrencies and non-fungible tokens (NFTs), often as a form of monetization. These elements typically allow players to trade in-game items for cryptocurrency, or represent in-game items with NFTs.
Axie Infinity Airdrop is worth Free AXS tokens for users when they play various games within the Axie Infinity Universe and through user-generated content initiatives. AXS holders will be able to claim rewards if they stake their tokens, play the game, and participate in key governance votes.
Axie Infinity has made a strong comeback in 2024, driven by initiatives such as the Bounty Board and Coinbase's Learn and Earn campaign. These efforts have successfully re-engaged players and attracted new participants, setting new standards in the industry.
What is the daily transaction limit on AXS Station? For ATM card, the maximum payment amount is either the default set by your card issuing bank or the daily transaction limit set by you, up to a limit of $3,000. For credit cards, the maximum payment amount is your credit limit, up to a limit of $9999.99.
As per the Axie Infinity forecast, the AXS coins might reach the maximum value of $23.44, with a minimum price of $16.28. At the same time, the average price can be around $19.86.
Depending on their origin, class, and mystic parts, some Axies are rarer and more valuable than others. According to the Axie Marketplace, there are a total of 11.8 billion Axies in existence (as of 17 Oct 2023), and these are owned by 1.3 million users. Axie Infinity has its own token: Axie Infinity Shards (AXS).
Players can earn between $10-50 a day while playing the game. Not surprisingly, the game has become a source of income for many players, especially in the Philippines. How to Earn Money Playing Axie Infinity? For most beginner players, farming and harvesting SLP is the starting point.
How do I get more free axies? Besides starter axies, players can obtain free axies by earning level-up rewards, completing quests and missions, or winning giveaways. Additionally, some non-NFT starter axies are available in the Gem Shop. Gems can be earned through daily and weekly missions.
One of the biggest benefits Axie Infinity users gain is profits. Notably, 95% of its revenue goes back to the players. Specifically, Axie takes a 4.25% fee for buying and selling Axie NFTs. Users also pay a small fee when they breed their Axies.
Battling: Engage in strategic battles against different gamers or computer-controlled opponents. Winning battles can earn you Small Love Potions (SLP) and other priceless assets that could be traded for AXS. Quests: Complete in-game quests and challenges to earn rewards.
Axie Infinity's All Time High (ATH) of $ 164.34 was reached on 5 Nov 2021, and is currently -97.2% down. The current circulating supply of Axie Infinity is 149.49 Million tokens, and the maximum supply of Axie Infinity is 270.00 Million.
Axie Infinity currently has a circulating supply of 149461918 AXS. This represents the number of tokens tradable on the market today. The max supply is 270000000 AXS.
To date, over 7.3M Axies have been bought/sold for a total of over $4B. There have been 1.45M wallets that bought an Axie, and 999k wallets that sold an Axie.
Introduction: My name is Greg O'Connell, I am a delightful, colorful, talented, kind, lively, modern, tender person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.
