This highlights the fact that AXS tokens are not the only way to invest in Axie Infinity - owning Axies and digital land could also be profitable for those willing to immerse themselves in Lunacia. Since then, we've seen a host of multimillion dollar NFT sales, including Twitter CEO Jack Dorsey's first tweet, which sold for almost $3 million. CoinDesk said it was the largest NFT sale on record at that point. Axie land sale broke recordsīack in February, a user spent 888.25 ETH (worth about $1.5 million at that point) on nine plots of land in Axie. The main way you can profit is through an increase in the token's price. If you buy AXS, you don't own a share in the business. If you buy stocks in a company that produces huge revenue, you may get a share of the profit through dividends. However, one thing to remember is that cryptocurrencies are not stocks. Which is why, as we'll discuss shortly, people in developing countries are devoting so much time to the game. What's truly remarkable is that 95% of its revenue goes back to the players. Axie takes a 4.25% fee for buying and selling Axie NFTs and charges fees for breeding. Revenue comes from in-game purchases, such as land. At the time of writing, the other top ten apps on Token Terminal's list totalled around $41 million combined. Axie Infinity generated more revenue in the past 30 days than the other top ten apps combinedĪccording to data from Token Terminal, Axie has generated almost $90 million in revenue in the past 30 days. Learn more and get started today with a special new member discount.
#AXIE INFINITY REVIEWS FULL#
Sign up today for Stock Advisor and get access to our exclusive report where you can get the full scoop on this company and its upside as a long-term investment. In fact, you've probably used this company's technology in the past few days, even if you've never had an account or even heard of the company before. We’ve found one company that’s positioned itself perfectly as a long-term picks-and-shovels solution for the broader crypto market - Bitcoin, Dogecoin, and all the others. With any cryptocurrency, there's always a risk that something better will quickly replace it. However, blockchain technology is also developing rapidly, and every successful coin seems to spawn a number of copycats. The project originally started in 2017 and it only took off recently, which the team believes will make it harder to imitate. What sets Axie apart is that it's had years to develop the product and build its community.
If you're considering buying AXS today, bear in mind that there are other crypto games available that might eclipse today's craze.
Axie's not the only play-to-earn game on the market And since the tokens have value, gamers can also use them to pay for rent or food in real life. Players can use their in-game tokens - Smooth Love Potion (SLP) and Axie Infinity Shard (AXS) - to buy land, farm, or breed Axies in Lunacia.
There's a whole economy within the game (a world called Lunacia). Players can breed and battle Axies, as well as complete quests and farm resources. Each Axie is a non-fungible token (NFT), which means it is a unique digital collectible in its own right. In Axie Infinity, players own cute creatures called Axies. Players in these games earn cryptocurrency tokens within the game, which they can trade on decentralized exchanges for hard cash. Play to earn is a relatively new form of gaming, but the concept is catching on. Axie is a play-to-earn cryptocurrency game Here are some things to know if you're considering buying Axie Infinity. Its popularity and high revenue have made investors wonder if they should buy in. People are giving up their jobs to play this game.Īxie Infinity (AXS) is one of the few cryptocurrencies to see dramatic price growth in recent months.
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