According to data from CryptoSlam, the Ethereum-based NFT game Axie Infinity has surpassed $1 billion in sales.
Axies Infinity saw an increase in users and sales
The price of Axie Infinity has skyrocketed in recent months, and with more than a million active users, the play2earn game has surpassed the $1 billion mark in total sales. What’s most impressive is the rate at which the number of users has grown. On June 8, Mavis stated that the platform had just over 100,000 active daily users. In just two months, that number has increased to one million active users. At least two-thirds of users are on Android, with the rest mostly on Windows.
While the game is free to download, it forces users to assemble a team of three Axies before playing. These Axies are offered for sale on Opensea as NFTs and cost anywhere from $200 to several thousand dollars each.
On August 2, Mavis announced how many users actually owned these Axies. At that time, there were at least 836,000 wallets. So it seems that a significant portion of daily active users also own these NFTs. Since players are forced to buy a team of Axies, the game seems to be able to generate such a high volume of sales.
What is Axies Infinity?
Axie Infinity is inspired by Nintendo’s popular Pokémon series, in which you collect adorable monsters and pit them against each other in cartoon-style battles. The focus is on turn-based battles, either against computer-controlled Axie teams or live opponents over the internet. The game runs on the Ethereum blockchain using Ronin, a sidechain that helps minimize fees and transaction delays.
NFTs represent items in the game. These tokens can be linked to digital content; in Axie Infinity, Axies and land parcels populate the game. After purchasing these NFTs, you can exchange Axies for real money in the game’s marketplace. You can also breed Axies, which allows you to build potentially stronger teams and gives you additional NFTs to sell in the marketplace.
What makes the game so unique is its successful “play-to-earn” mechanism. Users can breed Axies and earn real money from them, and the “play-to-earn” approach rewards them with crypto tokens that they can exchange for cash. Thousands of “Axie Scholars” can often be found on Discords, where Axie owners lend their NFTs to other players to play Axies and earn a living. The profits are split between the parties, and in countries like the Philippines and Indonesia, people play Axie to support their families.