Axie Infinity and the AXS token have seen significant improvements over the last year. Every AXS Binance Launchpad lottery ticket received 2000 AXS tokens in October of last year, which have increased in value by over 124,900 percent. Lottery winners of the public sale have amassed more than $250,000.

Axie Infinity, a popular play-to-earn non-fungible token (NFT) game, made its debut on Binance’s Launchpad.

A total of 14,850 tickets were up for grabs during the token sale, which was held as a lottery. AXS has been allocated to the Launchpad in quantities of 29,700,000. Each lottery ticket bearer received 2,000 units of AXS currency, and the winners’ Binance spot balance was reduced by $200.

Axie Infinity now has over 1.5 million active users trading the token across major exchanges, besides the growing number of AXS active holders. The number of active AXS addresses reached a new all-time high of over 17,480 addresses.

Gains earned by holders of these launchpad lottery tickets are indicative of Axie Infinity’s tremendous expansion since the start of the year.

The Axie Infinity network has gained popularity among NFTs - digital assets that have been used by a wide range of people, including celebrities, athletes. This shows that the token has become increasingly popular among crypto investors and blockchain players trading on major exchanges, including Binance, Coinbase Pro, and KuCoin.

The NFT-based game Axie Infinity offers players the chance to earn tokens through skill-based gameplay, ecosystem contributions, and staking.

The market for NFT gaming was valued at about $180 billion in August 2021, with the value likely to exceed $200 billion in the future months. Sky Mavis, the business behind Axie Infinity, just surpassed the value of staked tokens as the fifth-largest gaming firm.

Pavan A

CBW - External Analyst

INDIA