Popular non-fungible token (NFT) gaming platform Axie Infinity continues to see greater user adoption, following the exponential growth in the number of wallet addresses.
Axie sees a surge in address holders
According to data provided by IntoTheBlock on Tuesday (September 28, 2021), ownership of Axie Infinity Shards (AXS) is on the rise, with 17,480 address holders. This figure represents a new all-time high (ATH) and a 420% year-to-date (YTD) increase. Meanwhile, this growth is indicative of Axie Infinity’s growing popularity and play-to-earn non-fungible token (NFT) games.
Back in July, CryptoPotato reported that the value of the AXS token skyrocketed by nearly 400% in one month, leading to a market cap of over $ 1 billion. Later in August, AXS was among the assets listed on the leading cryptocurrency exchange Coinbase Pro, which also gave it an immediate boost.
Axis Infinity, developed by Sky Mavis and released in 2018, has arguably popularized the play-to-earn trend and has recorded a number of impressive milestones in recent times. Data from DappRadar revealed that the project recorded over $ 2 billion in NFT sales volume, solidifying Axie’s place as the most valuable NFT collection, thus surpassing major names such as CryptoPunks, Art Blocks and NBA Top Shot.
The data also showed that more than 600,000 users traded Axis Infinity NFTs, resulting in 4,887,645 transactions. The project currently boasts over 1.5 million daily active users.
According to Jeff Zirlin, co-founder of Axie Infinity, half of the platform users got to interact with cryptocurrency and blockchain for the first time through Axie, while 25% of them did not have a bank account.
The growth of the NFT game
The NFT industry is becoming popular with celebrities, major sports leagues, and companies that buy digital art in any form or sell it. However, blockchain-based games are receiving a special kind of attention.
A report from DeFiPrime said the NFT Gaming market has a total market valuation of nearly $ 180 billion as of August 2021, with an estimated value rising to $ 196 billion. An excerpt from the report reads:
“NFT games could have the potential to become the standard for the gaming market if they receive enough attention and popularity. They have already made major changes to the games and made it a lot more fun for players. From there, it could be a very important change in the way people play and it could be as important as Doom was for the market or 3D for environments. “
Binance Futures 50 USDT FREE Voucher: Use this link to register and get a 10% discount on commissions and 50 USDT when trading 500 USDT (limited offer).
PrimeXBT Special Offer: Use this link to register and enter the POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.