Axie Infinity (AXS) Reached a New All-Time High of Over $32

by in Cryptocurrency News

Axie Infinity new high

Gaining over a 37% increase over the previous 7 days, the native token of the blockchain-based gaming platform Axie Infinity, AXS reached a new high of over $32. In 2021, the token's price has gone up by around 5.000%.

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Currently, AXS ranks 48 by market cap which stands at over $1.8 B.

Founded in 2018, Axie Infinity is an Ethereum-based project created in similarity to Pokemon. Players adopt, breed, trade digital pets in the form of NFTs, called Axies. During the game, they receive rewards.

One important specialty of the game is that it allows players to change their in-game assets into Ether. Axie Infinity has been growing rapidly recently. The trading volume of its native token saw a 131x increase in just six months.

In the Series A funding round, closed on May 11, Axie Infinity attracted $7.5 M from investors. In total, the company raised $9 M over 3 rounds.