The Axie Infinity game universe is booming: a real success within the cryptosphere. Inspired by CryptoKitties and Pokémon, this complex virtual universe is based on small monsters that can be collected in the form of non-fungible tokens (NFT).
Fortunes spent on this NFT game
The game Axie Infinity and its NFT to collect are making the counters go crazy. On July 15, the application even managed to surpass the fees generated by Bitcoin (BTC) and even Ethereum (ETH). In fact, it surpassed everything, even the fees generated by already popular decentralized applications (dApps) such as Uniswap, PancakeSwap, Aave, Compound, …
In the 7 days preceding July 15, Axie Infinity generated nearly $36 million in fees, which consist of 4.25% of fees on all exchanges of small monsters made on its marketplace, but also of fees for “reproducing” these small virtual bugs.
Half a million players on Axie Infinity
The reason for this huge fee is that the game is very successful, since it is also based on the play-to-earn principle. This allows participants to earn enough money to be able to imagine making a living from it in low-wage emerging countries.
According to a CoinDesk publication, Axie Infinity has almost 500,000 daily active users (DAUs), a large proportion of whom are from the Philippines. To give an idea of its meteoric success, the game had just 500 active users just a year ago, in July 2020.
Rewards for playing are collected in the form of SLP tokens, which are unique to the game. The token’s price has risen from less than $0.01 in July 2020 to $0.30, as of this writing.
So metaverses, these virtual worlds, are becoming more and more successful as their play-to-earn system offers rewards, sometimes greater than a real-life job. Even if the entry fee to the Axie Infinity universe has become prohibitive for newcomers from emerging countries, its early adopters can consider becoming breeders of small digital monsters.