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Axie Infinity Becomes First NFT Series to Exceed $4B in Sales

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Axie Infinity Becomes First NFT Series to Exceed $4B in Sales Blockchain, News CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption
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Axie Infinity has reportedly increased the standard for NFT games once again as it reached another milestone: surpassing $4 billion in total NFT trading volume. The news was from the report of data acquisition and analysis company, DappRadar.

The recent achievement also made Vietnam-based Sky Mavis’ Axie Infinity become the first NFT collection to reach $4 billion in lifetime NFT trading volume. The milestone resulted from the collective effort of the traders that either sold or bought an Axie NFT which are currently, according to DappRadar, at 1,901,932 individuals and totals 14,504,659 transactions overall.

The four-year-old Axie Infinity also made history when it reached $2.05 billion gross sales back in September 2021, the time its popularity peaked. The game beat big names in the NFT collectibles space like CryptoPunks, Art Blocks, and Bored Ape Yacht Club.

As per DappRadar Rankings, these NFT collections also exceeded $1 billion in sales; Cryptopunk is second to Axie Infinity with $2.61 billion in NFT trading volume while Bored Ape Yacht Club ranks in third place with $1.35 billion.

“Axie Infinity pioneered the incorporation of NFTs into gaming platforms, and this innovation is paying off. With a record-breaking trading volume, the collection has become synonymous with the play-to-earn model.”

DappRadar

Accordingly, the Ethereum-based sidechain, Ronin, is also thriving as it recently ranked third with the most active addresses by chain according to a report by Nansen, a blockchain analytics platform. (Read more: Nansen: BSC, ETH, RON Top Chains with Most Active Addresses)

Moreover, Axie Infinity is also among DappRadar’s top ten (10)  play-to-earn games based on the number of users. According to the list, Axie Infinity is at the sixth spot. (Read more: Top 10 Play-to-earn Games According to DappRadar)

Following the game’s success, the developers assures that it won’t stop there and it will continue to develop Axie Infinity’s ecosystem. Just this month, Sky Mavis implemented drastic changes regarding the game’s economic aspect as it removed the rewards in adventure mode and daily quest. (Read more: Why Axie Infinity is Removing Rewards in Adventure and Daily Quest to Zero SLP)

Axie Infinity also launched its Builder’s program last January to achieve its mission to “build Axie alongside the community.” (Read more: Sky Mavis Wants Axies to be in Other Games Too)

Moreover, the developers also teased its community for the upcoming release of Axie Infinity: Origin which is set to launch in Q1 of 2021. In a Twitter space last February 16, Sky Mavis’ program lead Andrew Campbell (aka Zyori) and game products lead Philip La discussed the mechanics and features of Origin. (Read more: Sky Mavis Explains Planned SLP Burning Mechanisms in Axie Infinity Origin)

This article is published on BitPinas: Axie Infinity Becomes First NFT Series to Exceed $4B in Sales

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