Saturday, December 9, 2023

Axie Infinity records 205% surge NFT sales volume.

Popular metaverse game Axie Infinity has seen its NFT sales volume surge 205% over the past seven days. The platform sold 22,000 Axies in the last 24 hours from just 7,000 tokens a few weeks ago.

Jeff Zirlin, the project’s co-founder, on July 8 highlighted that the project was healing, thus the strong adoption of NFT land staking, the Ronin bridge being backed up, and an increase in game downloads and NFT sales. Zirlin tweeted that Origin was growing quickly with the new Alpha season – marked by 4,600 downloads.

Axie Infinity generated $1.3 million worth of sales, as per data from CryptoSlam, over the past seven days from 23,100 buyers. This marked a 205% increase for the week. This can be attributed to the surging appetite for Axie Infinity land NFTs following the launch of staking support on July 4. This feature enables land owners to earn weekly rewards in AXS tokens.

The project also went ahead with the second phase of upgrades to its new game mode, dubbed Origin. It had around 600,000 sign-ups as of mid-June. It should be noted that Origin is in early access mode ahead of an eventual global launch. Users can collect, trade, and battle each other with the playable Axie monster NFTs. The Axie Infinity says the NFT sales volume is also owed to the Ronin bridge relaunching on June 28. This bridge is actually a sidechain built for Axie Infinity. With this, users are able to transfer assets between the game and the Ethereum mainnet. But it had been offline since late March following the notorious hack.

Cryptured Team
Cryptured Team
The writers team at is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.

Most Popular