Axie Infinity is on the mend
Axie Infinity non-fungible token (NFT) sales increased by 205 % in the last seven days
The Axie Infinity universe appears to be showing signs of recovery, as its non-fungible token (NFT) sales volume has increased by 205 % over the past week.
Jeff Zirlin, co-founder of this project, spoke about this last week after also stating that the metaverse is currently “healing”, referring to the adoption of NFT land staking.
One of the factors that has contributed to this sudden increase appears to be the growing appetite for Axie Infinity Land NFTs following the launch of staking support on July 4.
The staking feature allows Land owners to earn weekly rewards in the native game token Axie Infinity (AXS). Until recently, roughly 91 % of the 16,794 outstanding reserves have been staked, according to data from explorer Ronin Chain.
K. Tovar
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Source: Cointelegraph
