One of the most popular non-fungible token collections has passed an important milestone.
What Happened: Blockchain-based video game Axie Infinity recently passed the $4 billion sales volume milestone.
The play-to-earn game from Sky Mavis was launched in 2018 and surged in popularity in 2021 with the rise of interest and valuations attributed to NFTs.
The $4 billion milestone comes less than five months after hitting the $2 billion sales volume milestone.
Reports show there are 166,870 Axies in the game with 45,276 owners of at least one Axie NFT. The average Axie NFT sells for $198.77 at the time of writing.
The marketplace has seen more than 1.9 million transactions.
Related Link: How To Buy Axie Infinity (AXS)
Why It’s Important: The Axie Infinity hosted marketplace ranks third with $4.14 billion in sales volume. Axie trails only OpenSea ($21.85 billion) and LookRare ($16.85 billion).
The Axie Infinity AXS/USD in-game currency surged in price in 2021 and now trades at $48.82. The token has traded between $1.11 and $165.37 over the last 52 weeks.
The project ranks first all-time in sales volume for NFT collections according to CryptoSlam, beating out CryptoPunks ($2.06 billion) and Bored Ape Yacht Club ($1.36 billion).
Axie Infinity ranked sixth on last week’s top 10 NFTs by sales volume with a 40% week-over-week drop.
Axie recently announced a partnership with Bit2Me to grow the brand and players in Southern Europe and Latin America.
Photo: Courtesy Axie Infinity
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