Axie Infinity tops $4 billion in NFT sales, ahead of CryptoPunks and Bored Ape Yacht Club

2022-2-23 23:57

Axie Infinity has become the first NFT collection to surpass $4 billion in total sales, data from tracking site Cryptoslam showed.

The play-to-earn blockbuster has garnered a lot of interest in the past year, with trading volumes jumping to new highs amid a rush from gamers seeking a blockchain-based game experience.

Data showed NFTs sales between players crossed $2.5 million on Tuesday. The 24-hour trades, according to Cryptoslam data, has seen sales spike above $71 million in February. Unique buyers of the NFT collection stand at over 1.6 million, while total owners have broken above 2.8 million as of writing.

“Axie Infinity just hit $4Bn traded NFTs between players. It’s the most traded NFT collection ever!” said the NFT gaming giant’s co-founder Aleksander Leonard Larsen.

.@axieinfinity just hit $4Bn traded NFTs between players 🎉

It's the most traded NFT collection ever!

Usually, game devs take 100% of the proceeds, but the Axie biz model is different.

4.25% of each trade goes into the $AXS token treasury. $AXS can be earned by playing 🤯 pic.twitter.com/mYM7jBKFym

— Psycheout – Aleksander | Axie Infinity (@Psycheout86) February 21, 2022

Axie’s huge numbers see it return sales almost double those of CryptoPunks, the second-largest NFT collection by sales volume. As of Tuesday, the total trades between players on CryptoPunks stood around $2.06 billion.

Bored Ape Yacht Club is the third largest NFT collection in sales with over $1.3 billion, according to the data.

NFT sales have also decreased as crypto markets experience a downturn since Bitcoin price dropped from its all-time high of $69,000 last November. At the time, NFT sales on Axie for instance stood at over $750 million. The sales volume dropped sharply in December and January, with over 50% and 60% respectively over the period.

But the overall numbers remain significantly higher, with total trades between gamers soaring to a record $7 billion in January 2022

The post Axie Infinity tops $4 billion in NFT sales, ahead of CryptoPunks and Bored Ape Yacht Club appeared first on Invezz.

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