Record sales are the icing on the cake for Axie Infinity’s powerful week and even better year.
While in the second half of the week the biggest names in the Decentralized Finance Ecosystem (DeFi) rose to 100%, Axie Infinity – the Pokemon-inspired NFT game – carried the banner of the NFT space, crowning a week of progress with a record sale of 300 ether (approximately $130,000).
The extremely expensive Axie – the NFT-backed creatures used to play and fight in the Axie Infinity game – is called Angel, and is one of the 19 „triple-mystic“ Axies in existence today. Angel was sold on Friday at the NFT Opensea market, where it was almost immediately re-listed for a staggering 666 ether (over $250,000).
The sale culminated an important week for the game which was full of updates and news. Highlights included a live broadcast of „The Last Lunacian“ tournament, a collaboration with DeFi Aave loan protocol on a limited edition NFT set, and a gap of 9,000 active monthly users.
However, perhaps the most exciting event for Axie community members was the Axie Infinity Shards (AXS) broadcast, Axie’s government token, which was launched on Tuesday. According to Axie’s website, the tokens will be used to earn staking rewards, function as currency in Axie’s native NFT market, and grant holders voting rights in the upcoming governance system.
„It is clear that the world is waking up to the massive potential of Axie Infinity and this special community that we have cultivated,“ said Axie Infinity growth leader Jeff „Jiho“ Zirlin in a statement to Cointelegrap. „AXS, Axie’s governing token, will be the cornerstone of our mission to empower millions of players.
AXS was listed at Bitcoin Trend App on Wednesday, where it is currently trading at $.14, up 40% from its retail price.
Major metrics point to year-round play. The total number of wallets currently holding an Axie NFT has risen from 3,045 to 14,929, an increase of 490%, and likewise the total number of market participants has increased from 2,056 to 10,042, an increase of 488%, both in the midst of parabolic trajectories, according to data provided by Nansen.
Axie’s progress may also reflect a growing interest in the NFT space. In a recent interview, Aavegotchi co-founder Jesse Johnson said the FTN could soon become the backbone of DeFi, and the FTN space as a whole has been valued at up to $100 million.
For his part, Zirlin believes that this is only the beginning for the NFT in games:
„This is just the beginning of a trend that will culminate in many of the world’s most popular games being owned and operated by the communities that play them.