{"id":1061,"date":"2021-10-19T15:10:53","date_gmt":"2021-10-19T14:10:53","guid":{"rendered":"https:\/\/ancstockinvestments.com\/blog\/?p=1061"},"modified":"2021-10-19T15:10:58","modified_gmt":"2021-10-19T14:10:58","slug":"axie-infinity-fastest-growing-nft-coin-2021","status":"publish","type":"post","link":"https:\/\/ancstockinvestments.com\/blog\/2021\/10\/19\/axie-infinity-fastest-growing-nft-coin-2021\/","title":{"rendered":"Axie Infinity: The Fastest Growing NFT Coin in 2021"},"content":{"rendered":"\n

After the NFT cryptocurrency-collectibles exploded in popularity in early 2021, several blockchain-based gaming companies began working to get their share in the new market. The Axie Infinity game, by indie studio Sky Mavis, was one of them.<\/p>\n\n\n\n

Inspired by Nintendo\u2019s Pokemon series, the monster-battling game defied the recent crypto market crash<\/a> and grew its active daily user base to over 1.8 million people worldwide. Plus, the blockchain-based game has seen the value of its native crypto soar to record highs.<\/p>\n\n\n\n

According to data from Mejores Apuestas<\/a>, the market cap of Axie Infinity (AXS) tokens soared by 27,600% YTD and hit $7.9 billion last week, showing the biggest growth among the top ten NFT coins.<\/p>\n\n\n\n

Axie Infinity market cap doubled in 3 days<\/strong><\/h2>\n\n\n\n

The blockchain-based game, Axie Infinity, runs on the Ethereum blockchain with help from a sidechain called Ronin. Its play-to-earn approach rewards successful players in crypto tokens that can be exchanged for money.<\/p>\n\n\n\n

\"Axie<\/figure>\n\n\n\n

Players also get to own Axie NFTs, which allow them to participate in key votes in the Axie universe and represent one of the revenue streams for the company itself. <\/p>\n\n\n\n

The gaming company earns revenue by charging a 4.25% fee when players buy or sell Axie NFTs in its marketplace and by collecting fees for creating and breeding token-based creatures called Axies.<\/p>\n\n\n\n

<\/div>