AXS is up 19% in the last week

Over the past week, Axie Infinity token has seen a good increase. AXS was at $6.80 a week ago. Between December 5 and 6, the token was able to overcome the path from $6.85 to $9.50, after which it began to move in the opposite direction. Thus, the token went up in a day and added 39% to the value at the moment.

Investors, of course, took advantage of this opportunity, and subsequently began to reduce the cost of AXS. At the time of writing, the cost of the Axie Infinity token is $8.10, which is 19% more than it was a week ago. AXS, apart from the recent anomalous spikes on Binance , is one of the tokens that could bring good returns to investors, which is rare among large cryptocurrency assets.

Axie Infintiy token growth could be influenced by several factors. One of them is the Axie Core update, which brought various items to the game. Now gamers spending time in Axie Infinity can purchase new NFT tokens. The latter include game accessories and items that improve the ability to customize your characters.

Axie Infinity is an NFT game that has become famous all over the world for its economy and idea. The project is made on the Ethereum sidechain. The idea is to fight between users through the pets they raise or simply breeding these unusual animals. When creating the concept and design of pets, the developers were inspired by axolotl mammals (hence the name).

Developers have a large profit from the project, since a commission of 4.25% is charged from each transaction between players.

The big boom of Axie Infinity came last year, and in September it was found that the vast majority of players are natives of the Philippines. It is noteworthy that in the Philippines there were many entrepreneurs who, having collected a starter kit, hired people who would play Axie Infinity on their behalf and earn NFT tokens, which could then be sold.

In February and March, Axie Infinity experienced first the fall of its second SLP token to almost zero, and then the hacking of the hacker group Lazarus Group. The situation was so bad that the developers of the NFT game removed the slogan "Play to earn" from their websites.

The industry of NFT tokens and metaverses is going through hard times this year. The sector of non-fungible tokens, which includes games using NFT items, showed a sales level of 92% less than last year. Despite this, non-fungible tokens are still attracting interest from people and in some ways even developing.

Despite all the losses of the metaverse, this sphere continues to develop. Recently it has been reported that companies have started building metacities and metaskyscrapers . It is worth recalling the frequency of using the word “metaverse” in the information space. According to the representatives of the University of Oxford, “the metaverse” can receive the status of the word of the year.