The gameplay-based Axie Infinity metaverse (P2E) game seems to be getting better, with sales of non-fungible tokens (NFT) pumping 205% over the past seven days.
Project co-founder Jeff Zirlin echoed such sentiments via Twitter on Friday after stating that the project was “recovering” in reference to a strong reliance on NFT land staking, a backed up Ronin bridge and a marked increase in game downloads and NFT sales.
According to data from CryptoSlam, Axie infinity generated $1.3 million in sales over the past seven days from a total of 23,100 buyers, representing a 205% increase over the week.
One factor contributing to the surge appears to be the growing appetite for Axie Infinity Land NFTs following the launch of staking support on July 4. Staking allows landowners to earn weekly rewards in the original game token Axie Infinity (AXS). At the time of writing, nearly 91% of the 16,794 circulating supply has been frozen, according to data from explorer Ronin Chain.
The project also launched the second phase of upgrades to its new game mode this month called Origin, which has registered 600,000 sign-ups as of mid-June. The game is in early access mode before the final global launch and enables users to collect, trade and battle each other with NFTs and playable Axie monsters. The upgrades were said to have fixed a bunch of bugs in the game.
The increased sales volume of NFT is likely due to the relaunch of the Ronin Bridge on June 28. Bridge is a side chain created for Axie Infinity that enables users to transfer assets between the game and the main Ethereum network. However, it has been offline since late March after the famous $600 million hack.
Despite this, the 205% increase in volume over the past week places Axie Infinity as the 18th best-selling NFT project during this time frame, a far cry from its chart-topping days in late 2021.
The Axie Infinity ecosystem has suffered a long downtrend since it peaked in interest in November. That month saw the project generate $753.9 million in NFT sales, while the original AXS token reached an all-time high (ATH) of $164.90. As of June, NFT’s total sales for the month are just $3.1 million, while AXS is down 91.4% from ATH to trade at $14.18 at the time of writing.
Axie Infinity NFT: CryptoSlam Sales Volume
With player retention and longevity of gameplay being critical issues for the project, the Axie Infinity team has been exploring ways to expand the ecosystem recently.
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In Saturday’s blog, the Axie Infinity team noted that their vision is to create a “complete game world” with similar overarching lore to iconic series like Star Wars, Final Fantasy or Lord of the Rings.
As part of the push, the team will be rolling out content focused on building the story behind the fantasy game world, Lunacia, in partnership with the games-focused decentralized independent organization (DAO) Strider.
The team also mentioned that it recently launched three new programs aimed at fostering community growth called the “Lunacian Codes, the Creator Program, and the Collaboration Fellowship.” The first two focus on rewarding users with referrals and content creation, while the latter provides funding for 200 fellowships as part of the Creator Academy.