P2E NFT Metaverse, Axie Infinity Enters “Phase2” Alpha Season Post Ronin Hack | Jeff Zirlin Twitter News 2022

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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.

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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