Axie Infinity NFT Sales Increased Amid Play-and-Earn Transition

Axie Infinity NFT sales increased amid the play-and-earn transition after the recent economic collapse and the Ronin bridge hack, the game is showing fresh signs of life as we can see more today in our latest cryptocurrency news.

The Axie Infinity NFT sales surged by 198% over the past week compared to the previous period and the game is transitioning to a new Origin Experience which is described as having a player and earn model. The game is the single largest FNT project of all time in terms of volume but then dropped in quite hard times in the past few months between the failing economy and the hack on the Ronin network bridge. However, there are smaller signs of life that suggest that the top ETH NFT game might be coming back stronger than ever.

22,000 Axies sold in the last 24 hours. Was at 7,000 a few weeks ago.

Origin growing quickly with the new Alpha Season. 4,600 downloads yesterday.

Bridge is up. Land (90% staked) is emitting AXS.

Nature is healing. pic.twitter.com/AdNzi8x4cb

— The Jiho.eth 🦇🔊 (@Jihoz_Axie) July 7, 2022

Over the past week, Axie Infinity NFT sales increased 198% in one week and the $1.38 million worth of NFT is a small fraction of what Axie was selling a year ago when it topped $100 million in weekly sales but it is also a notable week over week jump. The co-founder of Axie Infinity Jeff Zirlin noted that 22,000 Axies have been sold in the past 24 hours which is a rise of 7000 sold during the past 24 hours. He added that the downloads of the new Origin version that implemented a new battle system and other enhancements, were increased as well and that 90% of the Axie Land owners staked their NFT to earn aXS token rewards. The land staking feature launched on June 30 and increased to 91% as of the time of writing.

The NFT is a blockchain token that serves as a Proof of ownership for an item and in the case of Axie Infinity, it represents things like Axie monsters, virtual land plots, and more. Axie Infinity dealt with major challenges since 2021 as both the SLP and AXS tokens collapsed in the crashing economy. The ETH-based game runs on the custom Ronin sidechain and implemented a number of changes to make the token rewards model sustainable but the token prices are still down. AXS is now priced at $14 per token which is a drop of 91% from the peak of $165. the SLP Token in the meantime is valued at $0.004 which is a 99% drop from the 2021 peak.