Among the dominating names in the world of crypto-based play-to-earn collections, Axie Infinity is the first NFT collection to reach the $4 billion mark as the market for digital collectibles continues to boom.
Data from CryptoSlam shows that Axie Infinity crossed the benchmark a couple of days ago.
Axie Infinity was founded in 2018 and has grown to become a pioneer in play-to-earn blockchain games.
As a means of gaining SLP tokens, players must combat small Pokémon-like creatures called "Axies." After gaining the tokens, players can breed Axies NFTs, trade them in spot markets, or stake them for profits.
Users need three Axies in order to start playing. As they advance through the game, their NFT count increases. As a result, sales records continue to be set.
Especially in Manila and other Asia-Pacific regions, the game became extremely popular in May last year. Almost 3 million people played the game by January. An anonymous user purchased land on Axie Infinity for 550 ethers in November last year.
Genesis lands are considered extremely rare as there are only 220 of them. The plot in question was one of them.
Axie Infinity sold $4.14 billion worth of NFTs, according to DappRadar data. Axie's average price is $198, and nearly 2 million traders have generated this value.
On the other hand, in terms of all-time sales, Axie Infinity is currently ranked third behind OpenSea and LooksRare on the general NFT market.