Best P2E Games

Axie NFTs Reach $4 billion

Axie NFTs Reach $4 billion

Game Review 

Axie Infinity’s Promising NFT Transaction Volume and its Future Prospects.

Axie Infinity’s run in 2021 was spectacular, in terms of NFT transactions with a transaction volume of more than $3.5 billion. The numbers are so massive that it tops the second seed NBA Top Shot with at least four times the value of its competitor.

Axie Infinity NFT Collection Reached $4 billion Sales
Axie Infinity NFT Collection Reached $4 billion Sales

Axie Infinity is massively popular in South East Asia, especially, the Philippines which has more than half of the total registered players. The game’s gradual surge in popularity has also resulted in AXS token value soaring over 18000% over the year.

Axie Infinity Future

One of the significant reasons behind the game’s massive popularity is its economy and play-to-learn approach which has provided a steady income stream to many households.

However, the recent bearish trend in the cryptocurrency markets around the world has posed several challenges for blockchain and crypto games.

Despite the slump, the NFT transaction volume is still on the up, especially for Axie Infinity.

NFT Sales

According to CryptoSlam’s report till February 2022, Axie Infinity’s NFT collection has reached the milestone of $4 billion in sales. This huge milestone has made Axie Infinity’s NFT collection has the most traded NFT collection in history.

Though the values and stats are promising, will Axie Infinity continue to perform this way?

According to recent reports, Axie Infinity faces a stark challenge of inflation in its economy. This questions the per head earning capability of the gamers.

Axie Infinity NFT Collection Reached $4 billion Sales
Axie Infinity NFT Collection Reached $4 billion Sales

Cashing out

In addition, more and more players are cashing out on their rewards and tokens, instead of investing back in the game. This has added up to the already well-established challenge of the entry barrier.

The return on investment has steeped low due to the inflation problem faced by the game.

The only viable solution for the game to sustain is to keep on increasing the player base.

Gaming News

Video games news on NFTs (non-fungible tokens, NFT, NFT’s) , Play to Earn (P2E/Play-to-Earn), crypto games and crypto currencies. gaming guilds. Metaverse, VR, AR, AI, Virtual Worlds, Avatars, Digital Assets, In-game digital currencies. Web3 development, Blockchain-based video games and its transactions and payments in the games.

Entertainment and all the big tech companies and technology behind it. Hyper Casual Games and the game studio’s that lead the way. Mobile games, PC games and Console Games and their vision on cloud gaming, streaming. esports and gamer communities.

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Axie NFTs Reach $4 billion

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Find our Best P2E Games list. All games are included with reviews and links to the game review page. Have Fun!

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Related P2E Games: Play To Earn Crypto, NFT, Web3

Crypto Spells – Game Review

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Star Atlas – Game Review

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Undeads Metaverse – Game Review

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vEmpire: The Beginning – Game Review

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Best P2E Games list 2024

Axie NFTs Reach $4 billion

P2E News, short for “Play-to-Earn News,” is a category of updates and information within the broader spectrum of Crypto News, Web3 News, NFT News, and Blockchain News. These terms are all interconnected and represent various facets of the rapidly evolving digital landscape.

Play-to-Earn (P2E) is a gaming model that has gained immense popularity within the crypto and blockchain communities. In P2E games, players can earn cryptocurrencies or NFTs by participating in the game, often through activities like completing quests, collecting items, or trading assets. P2E News covers developments, announcements, and trends related to these innovative gaming experiences that allow players to monetize their in-game efforts.

Crypto News, on the other hand, focuses on the broader world of cryptocurrencies, including Bitcoin, Ethereum, and a multitude of altcoins. This category encompasses news about market trends, regulatory changes, new blockchain technologies, and updates related to various tokens. Crypto News is a fundamental aspect of the blockchain ecosystem, as cryptocurrencies serve as the primary means of value transfer and exchange within the Web3 space.

Web3 News is an umbrella term that refers to the next-generation internet, often characterized by decentralized applications, blockchain technology, and smart contracts. The Web3 ecosystem seeks to provide a more user-centric and decentralized internet experience. This category of news covers developments in decentralized finance (DeFi), non-fungible tokens (NFTs), and various other applications built on blockchain technology. For the ultimate and best play to earn games list, check our friends of playtoearngames.com.

NFT News focuses on Non-Fungible Tokens, unique digital assets that are indivisible and represent ownership of a specific item, artwork, or collectible. NFTs have gained prominence in the art world, gaming industry, and entertainment sector. NFT News keeps enthusiasts informed about NFT sales, new projects, and partnerships within the NFT space.

Blockchain News pertains to the foundational technology behind cryptocurrencies and Web3 applications. Blockchains are decentralized ledgers that record transactions across a network of computers, ensuring transparency and security. Updates in this category might include innovations in blockchain consensus mechanisms, interoperability between different blockchain networks, and industry applications beyond cryptocurrencies.

In summary, P2E News is a niche subset of Crypto News, Web3 News, NFT News, and Blockchain News. It focuses on gaming experiences where players can earn cryptocurrencies or NFTs, while the other categories encompass a broader range of topics within the decentralized digital landscape, including cryptocurrencies, web3 technologies, NFTs, and blockchain advancements. Collectively, these categories shape the landscape of the digital economy, offering insights into how technology is revolutionizing various aspects of our lives.