Axie Infinity is a game in which players battle “Axies,” small pokemon-like creatures that are also NFT tokens.
Players need three Axies to start the game, but as the user progresses, they can buy/sell and “breed” more Axies. It is this demand that continues to drive record sales.
In early 2022, the NFT market boomed, with one of the highest monthly sales records in January.
The game’s popularity surged last May, especially in the Philippines, as the country’s COVID-hit economy found a new source of income.
While the game’s cryptocurrencies, AXS and SLP, have fallen more than 7% in the past 24 hours amid a general market decline, Axie Infinity has seen a steady increase in the number of players, with nearly 3 million players worldwide in January.
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