Tuesday, October 19, 2021
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Home Latest News Altcoins ETH sale caps wild week for Axie Infinity 300

ETH sale caps wild week for Axie Infinity 300

Although in the last half of the week the rally saw influential names around the decentralized finance (DeFi) ecosystem climb up by 100%, Axie Infinity — a Pokemon inspired NFT game — carried the banner for the NFT space, capping off a wild week of progress with a record-breaking 300 ether (roughly $130,000) sale.

According to Cointelegraph.com The eye-poppingly expensive Axie – the NFT-backed critters used to play and battle in the Axie Infinity game – is named Angel, and is one of 19 “triple mystic” Axies currently in existence. Angel was sold on Friday on NFT marketplace Opensea, where it was then almost immediately re-listed for a staggering 666 ether (over $250,000) sum.

The sale topped a strong week for the game which was packed with updates and news. Among the highlights were a livestreamed “The Last Lunacian” tournament, a partnership with DeFi lending protocol Aave on a limited edition NFT set and a breach of 9,000 active monthly users.

Perhaps most exciting for Axie team members, nevertheless, was the release of Axie Infinity Shards (AXS), the Axie Governance Token, which went live on Tuesday.According to Axie ‘s website, tokens can be used to earn staking prizes, serve as money on Axie ‘s native NFT marketplace and give holders the ability to vote throughout the upcoming governance system. Cointelegraph.com reported that AXS was listed on Binance on Wednesday, where it currently trades at $.14 — up 40% from its public sale price. The total number of wallets which currently hold an Axie NFT has gone from 3,045 to 14,929, a rise of 490%, and likewise total marketplace participants have risen from 2,056 to 10,042, a rise of 488% — both in the midst of parabolic flights, according to data provided by Nansen.

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