Due to news of a possible gamechanger in the blockchain gaming industry, the price of AXS has pumped. Native to the Axie Infinity online blockchain game, the token has more than doubled its value in three days. AXS jumped 31.28% in intraday trading, climbing to $32.69 earlier today. The jump is an impressive 131% from the $14.09 where it was on Tuesday.
According to CoinMarketCap data, AXS is currently trading at $37.24, rising 52.45% in the last 24 hours and nearly 65% in seven days. The AXS/USD year-to-date gain is 6,274% at press time.
Described as “a nation with a real economy” by its developer Sky Mavis, the Ethereum-enabled blockchain game allows players to trade, adopt, or breed digital pets known as Axies, as non-fungible tokens. In the metaverse, players can partake in local governance and influence economic policies.
Axies Infinity has also gained impressive popularity. At the beginning of the year, the game’s total revenue was $1.92 million. This number has now reached $120 million as of July. According to Delphi Digital analysts, the revenue should hit $153 million by month-end, and $1.1 billion at the end of the year.
Image Credits: Pixabay
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