Axie Infinity is once again breaking records in the token gaming world. AXS surpassed another all-time high, rising more than 131 percent in only three days.
Axie Infinity NFT game tokens doubled in value from $15.03 on July 21 to over $29.51 on July 23, according to CoinMarketCap, and their daily increase topped 33 percent. On the Binance cryptocurrency platform, the AXS token is now trading at $30.95.
Since the beginning of 2021, the development team has been able to draw even more attention to the project and become the developers of one of the most efficient and lucrative tokens. As a result, its profit has increased by over 5000 percent during this time, and from its inception, AXS has returned over 18000 percent to investors.
The creators of Axie Infinity have repeatedly said that their project is a “country with a genuine economy,” allowing all users to influence economic policy and collectively administer the metaverse. The game earned $120 million in July alone, up from $1.92 million in early 2021 at the time of writing. According to Delphi Digital estimates, the game would generate $153 million by the end of this month and surpass $1 billion in December 2021 if current trends continue.
Axie Infinity lavishly compensates players who spend their own money and their time and effort into developing the ecology, pumping NFT creatures, battling between them, and performing in-game missions and daily activities with Small Love Potion (SLP) as a reward.
The Axies purchasing and selling fees are multiplied to create AXS, which serves as the game’s settlement currency. As a result, monster owners earn 95% of the revenue generated by their “virtual nursery.” The producers of the Sky Mavis game, on the other hand, hold 20% of the total AXS token supply.
One of the project’s drawbacks is that it still has some server stability issues, but the team is already trying to resolve them. In addition, they plan to dedicate distinct servers to promote interest in Axie Infinity as an esports discipline, making the gaming experience even more pleasurable for those who have become regulars of these virtual places.