Axie Infinity Became the Most Traded NFT Collection Ever Last Quarter
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The play-to-earn NFT game also dropped its 1.1.0a update yesterday, and some players aren't happy about it.Key Points:
Monster-battling NFT game Axie Infinity became the most traded non-fungible token collection ever in Q3 1021, surpassing NBA TopShot and Crypto Punks to generate over $2.5 billion.
“Axie Infinity had a trading volume of $2.08 billion during the quarter, making up 83% of its historical trading value. The game also racked up $800 million in revenue during the quarter.”
However, it hasn't been completely smooth sailing for Axie Infinity; at the Token 2049 conference last week, its co-founder Aleksander Leonard Larsen conceded that it's "really hard to begin playing Axie right now,"
It also restricts accounts with a Match Making Rating (MMR) of less than 800 from earning Axie's Smooth Love Potion (SLP) token from adventures, the arena, or the daily quest.
“Some players have welcomed the move for eliminating bots from the game and encouraging competition, while others argue that it marginalizes lower-ranked players.”
“Given that Axie Infinity has a thriving play-to-earn community, with a growing base of players in emerging economies making a living from the game, any change to Axie's economics was bound to prove contentious.”