One of the key industries responsible for the expansion and evolution of the NFT market is “Play to Earn aka P2E”. Axie Infinity (AXS) is a Play to Earn (P2E) game that not only came with the sole aim of rewarding players with economic opportunity but introducing blockchain, in the simplest and most exciting way.
Ethereum follows in Bitcoin’s footsteps amid a formidable quest for all-time highs at $4,400. Axie Infinity sprouts to $145 after holding support at $115, but a retracement cloud still hovers. Ethereum seems to be exhibiting a lot of positive correlation to Bitcoin as it closes the gap to $4,000. As reported, BTC has returned above
Led by the famous venture capital firm, Andreessen Horowitz, Sky Mavis studio, the creators of Axie Infinity recently raised 152 million USD in a Series B round. The move reinforced Axie Infinity as the largest NFT project by trading volume. Last week’s launch of AXS staking functionality, unlocks new rewards to users that lock up
Solana drops under $160, support marked by the 61.8% Fibonacci level as declines linger toward $150. Axie Infinity embraces support at $120, while a daily close above $130 will pave the way for a formidable recovery. Cryptocurrencies inched a notch higher on Tuesday, with Bitcoin retuning above $50,000 for the first time since early September.
Blockchain and crypto-based game Axie Infinity is gaining a lot of traction recently in what can be seen as the rise of the new metaverse frenzy. The project has recently touched a $30 billion valuation following which its native token AXS has skyrocketed. Axie Infinity (AXS) has gained nearly 200% in just the last 15