Axie infinity, an ethereum-based game recorded a massive growth in the latest months. The game has become increasingly popular and has generated a good amount of revenue. People majorly from developed countries play along with the colorful and creatures of the game in order to earn some money.
The game is typically inspired by the worldwide known game, Pokemon. Axie Infinity is experiencing a tremendous surge in the players who are increasingly connecting with the game. The game is created by Sky Mavis and its studio is based in Vietnam. Axie Infinity has managed to score $485 million in revenue from July, 2021.
The report by Bloomberg stated that the game has dwarfed $21 million which it had attained since its launch in the year 2018. By August, 2021 the count of active users has increased by more than one million.
Three ways were stated by two of the crypto analysts for the growth of Axie Infinity. Players of Axie Infinity can earn two types of tokens, one is Smooth Love Potions and the other, Axie Infinity Shards. It will be done via breeding, raising and battling these virtual creatures known as Axies. These tokes, SLP and AXS can be sold on a crypto exchange and can be used in the game or be sold as crypto money. Axies and NFTs that can be easily sold or purchased.
As per the Bloomberg post, most of the players belonged from developing countries whose economies were hit hard due to COVID-19. These countries include, Philippines, Brazil and Venezuela.
Meanwhile, surge in the prices of AXS has opened the door for the section of people in these developing countries to earn some wealth.