Right now, Axie is bringing in far more revenue than other more widely discussed projects, such as the stablecoin engine MakerDAO, the Binance Smart Chain automated market-maker PancakeSwap and even, the Ethereum blockchain itself.Īxie Infinity went from $100,000 in platform revenue in January 2021 to $196 million in July, Aleksander Leonard Larsen, Sky Mavis’ chief operating officer, told the Defiant. Specifically, it’s provided a way for many players to earn a living for themselves in the form of crypto. ![]() While the team behind it prioritizes making a high-quality game, really the feature that means the most to its users seems to be the fact that wealth generated by the game and its platform is driven back to them. He said the fundamentals indicate investors are betting on much higher growth ahead for the ecosystem as well. ![]() “User growth and revenues are exploding,” Jeff Dorman, of the investment management firm Arca said over Twitter DM. At first glance, it looks a lot like Pokemon, but it also has a deckbuilding element reminiscent of Blizzard’s Hearthstone or Wizards of the Coast’s Magic: the Gathering. That beats dominating a news cycle.Īxie Infinity is a blockchain-enabled play-to-earn game run by the company Sky Mavis. Protocol revenue on Axie Infinity yielded $305 million over the last 30 days, compared with $91.4 million for Ethereum, according to Token Terminal. Facebook may be grabbing headlines with its talk about the metaverse as the basis for the company’s future, but blockchain game Axie Infinity already has a metaverse up and running and it’s grabbing something longer-lasting: revenue.
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