The Axie Infinity token plunged after $600 million was stolen through an exploit in their Ronin bridge. Axie had to raise funds from various high profile investors to stay afloat and retain users. Now, the P2E metaverse is looking to come back, stronger than ever. Although the AXS token has been falling, investors are optimistic. As of now, Axie ranks #42 on CoinMarketCap, trading at $14.08.
Axie Infinity (AXS) Co-Founder Tweets Land NFTs Staking & Token Giveaway Update
In the past week, the NFT sales volume of metaverse game Axie Infinity has increased by 200%. During this period, sales reached $1.33 million in volume with over 118,000 transactions. Axie’s sudden increase can be attributed to the release of upgraded versions and the resurgence of the Ronin network. Recently, Axie Infinity released a development update highlighting key events for July. Axie also released the land staking option on 4 July, accelerating sales of Axie Land NFTs. AXS token rewards can be earned by land owners with Axie NFTs. More than 90% of the 16,794 circulating supply has been staked, according to official data. In his latest tweet, co-founder Jeff Zirlin acknowledged these impressions.
22,000 Axies sold in the last 24 hours. Was at 7,000 a few weeks ago.
Origin growing quickly with the new Alpha Season. 4,600 downloads yesterday.
Bridge is up. Land (90% staked) is emitting AXS.
Nature is healing.
The launch of Axie’s latest game, Origin, is also imminent. According to the update, Axie has entered Phase 2 and is on track for launch. Axie is also planning to give away 49,157 AXS during the first Origin alpha season.
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Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
