With increasing sales volume on OpenSea, an NFT marketplace for buying and selling products, the non-fungible token market. Dapps have brought in a record 190.9 million in income for the NFT game. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. According to Wu Blockchain on Twitter, Axie Infinity has been able to lead the way with significant growth in Dapp revenue over the last 30 days. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". Azie Infinity is a blockchain-based gaming platform that has gained solid traction recently. Last week, AXS touched an all-time high of 162 as Facebook announced its rebranding for an aggressive push to Metaverse. These cookies ensure basic functionalities and security features of the website, anonymously. Axie Infinity (AXS) has been rallying significantly over the last three months gaining more than 200 in this period. Necessary cookies are absolutely essential for the website to function properly. Image courtesy of Cointelegraph News/YouTube The country’s regulators said that earnings from play-to-earn games should be reported as income tax which, as expected, have caused an uproar from the Axie Infinity community. The game requires the purchase of three Axies to be able to play the game.Īxie Infinity has found overwhelming success in the Philippines, in fact, it became so popular that regulatory officials have also taken notice of it. The demand for Axie Infinity has grown so rapidly that the average cost of each Axie character today ranges around $300. The latest data shows that the Axies has already surpassed $1.7 billion in transactions and has already garnered 1.5 million owners. Bored Ape Yacht Club, which is one of the most popular NFT collections today, only came in second with $9 million in sales.Īxies have become so popular it has nearly doubled its closest “rival” when it comes to NFT sales. According to Connor Dempsey, who works for Coinbase Ventures, one of the major reasons why Axie Infinity’s revenue is consistently going up is because in every transaction done inside the game it gains fees through $SLP or $AXS.Īs of today, “Axies”, which are the main characters in the game (that are also NFTs), have generated a total sales of $17 million.
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