Axie Infinity Surpasses $4 Billion in NFT Sales

Axie Infinity NFTs have surpassed $4 billion in all-time sales, according to data from CryptoSlam, a leading NFT tracking service.

In the last 24 hours, Axie Infinity has been the third most traded NFT with $2,143,660 sales.

SEE ALSOEXPLAINER GUIDE [GameFi] How To Buy Your First Axie Character on Axie Infinity

According to Alesander Larsen, Axie Infinity’s Co -Founder, game developers take 100% of proceeds from sales, but Axie’s business model is different, with 4.25% of each trade going into the Axie token treasury.

In the popular game, people using NFT characters called Axies, inspired by Pokemon, battle against others. Axies are NFTs that can be earned through playing, then sold, or bought.

According to a different analysis, a rare Alien NFT, marked the Larva Labs collection, is the most expensive sale at almost $24 million in February 2022. But even with that, the all-time sales volume for CryptoPunks stands at $2,064,107,500, compared with Axie’s $4,001,976,814

Axie Infinity took off in 2021 as play-to-earn games surged in tandem with prices for digital currencies. Its $AXS token reportedly rose by 18,000% over the course of the year. 

While the turn of the year has come with a cryptocurrencies slump as casual investors abandoned the assets, NFT sales have climbed. In January 2022 alone, global NFT sales were reported to have hit $7 billion – an all-time high for a single month.

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