Report: Axie Infinity accounted for nearly two-thirds of blockchain-game NFT transactions in 2021

According to a caller study curated by NonFungible, players of the monster-battle nonfungible tokens, oregon NFTs, crippled Axie Infinity transacted astir $3.5 cardinal worthy of NFTs successful 2021. This accounts for astir two-thirds of each NFTs transacted successful the full blockchain gaming manufacture successful 2021. In 2nd and 3rd spot were sports highlights marketplace NBA Top Shot with $827 cardinal and assemblage gaming level Loot with $242 million, respectively.

Created by Vietnamese video crippled developer Sky Mavis successful 2018, the crippled contains creatures called "Axies" that players cod and usage to implicit regular quests, duel different players, etc. Every Axie is an NFT minted connected the Ethereum (ETH) blockchain. Completing tasks with Axies rewards players with Smooth Love Potions (SLP), which tin beryllium sold for currency connected cryptocurrency exchanges, thereby generating a watercourse of income for players. On the whole, Axie Infinity accounted for 19% of the estimated $17 cardinal successful full NFT transactions past year.

Last November, Axie Infinity surged importantly successful popularity, particularly among gamers successful processing countries, wherever 1 tin perchance gain much playing Axie Infinity than moving minimum wage jobs. However, players have complained to its developers that their net person fallen successful airy of SLP falling successful terms by 67.5% successful the past year.

Although, the terms diminution tin beryllium partially attributed owed to rising token ostentation from much and much players joining and playing the game. At the clip of publication, determination are astir 2.7 cardinal monthly Axie players, compared to conscionable northbound of 1 cardinal past March. But from July 2021 to present alone, the circulating proviso of SLP accrued from 541.7 cardinal to 5.13 billion. 

Overall, blockchain gaming enthusiasts bought and sold $5.18 cardinal worthy of NFTs past year, dispersed crossed 20,986,532 sales. In addition, determination were a full of 112 blockchain games and 1.88 cardinal progressive wallets. Based connected investigation by NonFungible, these statistic accounted for 2.18% of the world's full gaming marketplace successful 2021.