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Axie Infinity Has Sold $2 Billion Worth of Ethereum NFTs. Here's What’s Next
What’s the biggest NFT project to date? In terms of total trading volume, it’s not NBA Top Shot or CryptoPunks. No, it’s Axie Infinity—an Ethereum-based, Pokémon-inspired, monster-battling game that exploded in popularity this summer. Sky Mavis’ game surpassed the $2 billion mark in total transaction volume last week, according to data from DappRadar. Players are spending piles of ETH on cartoonish monsters, land plots, and other items in a game that now claims more than 1.8 million daily active users. Axie’s native AXS governance token has also surged in value, with a market cap nearing $4 ... (full story)