Axie Infinity Sets New Record – Sells $4 Billion Worth Of NFTs

The internet video gaming platform, Axie Infinity, has topped $4 billion in total NFT sales, making the game number three in the world’s largest NFT sales market. Although Axie Infinity is an Ethereum-based platform, it utilizes the Ronin network to ensure that the system can expand without incurring large fees or facing congestion.

Axie Infinity has gained huge popularity over the last 12 months since the P2E pet learning sector has experienced high demand. Axie coin (AXS), the game’s coin, had a spectacular year over the United States Dollar (USD) but is currently down with the majority of cryptos in the market.

Axie Infinity Setting Records In The Gaming Multiverse

Since 2021, Axie Infinity has continued to astound its fans. Besides a few glitches, the play-to-earn video game remains unstoppable. Interestingly, the game generated a lot of attention this week as the Sky Mavis program brought in roughly $4 billion in NFT revenue.

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During the last year, AXS, the coin for the P2E pet teaching world, has soared by 2,544% over the USD while SLP (Smooth Love Potion) has recorded a less prosperous year, as the value of the token dropped by 70%.

From the total Axies of 166,871, the holders of AXS tokens are about 53,501 while owners are 45,276 as reported by metrics.

Price Analysis Of Axie Infinity (AXS)

The company has realized over $2.2 million in sales from 17,721 purchasers, based on the NFT sales data recorded in the last 24 hours.

While Axie ranks third based on all-time sales, it ranks fourth according to transactions in the past 24 hours and fifth when looking at sales in the past one week. Concerning NFT sales in the past month, Axie came in eighth place out of the ten projects evaluated.

As per market data for today, the average sales price of Axie Infinity is $55.53, with an increase of 7.1% above the value recorded yesterday which is $50.30. Axie Infinity also hit a peak of $164.90 on the 6th of November, 2021. In contrast, on the 6th of November, 2020, it hit a low price of about $0.123718.

Although the total NFT sales from Axie Infinity have topped $4 billion, sales last week dropped by approximately 40.58%. In recent data from Dapp Radar, Axie Infinity handled over $19,816,670 in orders over the Ronin network.

Axie NFTs recorded over 267,906 trades last week, with 91,950 purchasers.

Price Of Real Estates Surges In The Metaverse

Recently, the popularity of blockchain-based metaverse programs such as the Sandbox, Decentraland, Axie Infinity, and Illuvium, has boosted the valuation of estates in the virtual world. Land, penthouses, apartments, and estates in the Virtual world are being sold for about $4 to $7 million.

The Webbland Program, which describes itself as a linked pixel virtual world, has made over $3.6 million in income in the last one week, up 126.24% from the week before.

Users may own land, equip it with NFTs, accomplish missions, and explore Webbland, which is comparable to The Sandbox and Decentraland.

In the past seven days, Webbland overtook Farmers World to take the 33rd spot in terms of weekly sales, finishing behind Sheet Fighter.

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