Axie Infinity Revenue Jumped Another 85%

 Axie Infinity is still reaping the benefits of "NFT summer." The game's revenue increased by another 85% to $364 million in August.

Axie Infinity’s August revenue trailed only Ethereum, which took $670 million. It ranked ahead of many leading crypto projects including OpenSea, Uniswap, and Aave. In July, the game topped the leaderboard ahead of Ethereum. 

Axie Infinity incorporates a play-to-earn mechanism on top of the Ethereum blockchain. The game lets players purchase, breed, and trade digital pets called Axies, which take the form of NFTs. The game generates revenue whenever someone buys an Axie. 

The game deposits a portion of its revenue to a community treasury managed by AXS holders. AXS is Axie Infinity’s governance token, and it’s soared as the game has grown in popularity. It’s up more than 88% in the last 30 days, trading at $71.79 at press time. 

Source : Crypto Briefing

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