Blockchain-Based Gaming Booms with Help from Axie Infinity, Outpacing NFTS, DEFI

Blockchain-based gaming is being adopted at an increasingly rapid rate, new data suggests, even as the popularity for other applications such as non-gaming tokens and decentralized finance (DeFi) show signs of wear.

According to the most recent Blockchain Game Report from the Blockchain Game Alliance (BGA), over 804,000 unique active users connected to blockchain-based games in July. The trend indicates that while the novel industry is in the throes of speculative activity that’s driving up volatility, the gaming segment is quickly growing its user network.

Notably, the blockchain-powered game "Axie Infinity" dominates the sector, the BGA's data revealed. With over $1 billion in trading volume $600 million of which came in July the game became the most valuable collection of non-fungible tokens (NFTs).

Launched in 2018 by Vietnamese developer, Sky Mavis, Axie Infinity is a play-to-earn game inspired by the popular video game franchise, Pokémon. And based on Google Trends, internet search for Axie Infinity doubled even that of Activision's (ACTI) hugely popular first-person shooter game franchise, “Call of Duty.”

Along with Axie’s whopping 453% increase in trading volume since June, the report suggested that sales volume often leads to growth in social media followers via Twitter and Discord. In Axie Infinity, players can battle, breed and raise various monsters called “Axies.”

Each one comes with its own unique NFT that can be raised, battled and traded. Built on top of the Ethereum blockchain, the video game allows players to earn money through game play. Axie Infinity has become increasingly popular in developing countries such as the Philippines, where players can simultaneously bolster their cryptocurrency earnings by playing the game.

According to Genius Tokens Terminal, the game’s governance token, AXS, helped Axie Infinity generate more revenue in July than any other cryptocurrency including Ethereum (ETH) and Bitcoin (BTC). Since the beginning of August, the price of AXS has nearly doubled, from $38 to $74.Coinbase, the major cryptocurrency exchange, listed AXS on August 11.

The report also shows that Binance Smart Chain (BSC), a digital architecture built by the eponymous crypto exchange to be an Ethereum competitor, became the most used blockchain protocol for gaming in July, with 658,000 unique users.

Comments

Post a Comment

Popular posts from this blog

Reparation Av Varmvattenberedare - Är Det Värt Att Återställa Din Varmvattenberedare?

Reparation av varmvattenberedare kan vara ett alternativ för många husägare som upplever fel eller svårigheter i samband med sitt eget system. Du behöver inte gå utan insamlad även under en kortare tid. Men många inser inte att denna typ av system faktiskt ger signaler om att något är bust ordentligt. Investera en person för att få hjälp direkt, så snart du upptäcker bekymmer relaterade till funktion med systemet, koncentrera dig på din andning minska risken för att behöva byta ut allt. Varmvattenberedare är en osannolik uppfinning. Förteckningar . oss att helt våra kläder, våra rätter och oss själva med komfort och lätthet. När de dock börjar få problem eller slutar fungera helt och hållet kan hela vårt liv påverkas. Lär dig att känna igen några riktigt vanliga symptom på problem och det betyder att du kan ringa en serviceexpert borta. På så sätt kan du möjligen få din värmare och ditt hemliv tillbaka på rätt spår med minimalt avbrott i ens normala rutiner. Alla nya varmvattenbere...
Read more

How Does Marijuana Affect Me?

 Perhaps the initial biochemical personality was the fictional Mr. Hyde alternative version of Expert. Jekyll. In the Robert Louis Stevenson novella Dr .. Jekyll swallows a potion (drug) and slowly transforms into the murdering criminal Mr. Hyde. At first Hyde can revert to Dr Jekyll, but after time he permanently remains the monstrous Mr. Hyde. Stevenson wrote this novella while using cocaine, and died at the chronilogical age of 44 in Samoa after years of ill-health. Drugs are simply toxins. Regarding toxin kills you. But a smaller amount of toxin acts like a stimulant. A medium associated with delta-8 THC drugs allows you to be sleep. Alcohol is put in. Toxin means poison and comes throughout the Greek word toxican, which was a poison put on arrows. Perhaps it is a good idea to wash all your clothes a person begin depart and, if you're receiving medication from a doctor, obtain the doctor create a letter stating exactly what the medication is and why it was prescribed. Tell oth...
Read more

Pioneers In Christian Counseling - Interviews With Grace Ketterman

Midlife is really a time to reassess our lifetimes. I have found that aren't midlife women, there is really a deep longing to find true symmetry. But, sometimes we don't understand what true balance entails. Believe it is often a juggling act that may possibly never get right. But, it's about something altogether different. Let's if you have a daughter that was hurt in some way. She may hold had an upbringing and suddenly she is finding happiness in improper crowd and very she is to take drugs. Later she is dating a drug dealer and functions serious drug habit. A person think you can ever save her if you don't put your expereince of living into this method? Spending time with people who love you is a fun way of finding love in your family. You are able to show your loved ones and friends how much you love them, simultaneously that its feel love from the parties. Click here for more information: Revelation of obesity I have a saying that you simply use as the test of...
Read more