Axie Infinity site sold for $2.48 million In the third quar | DeFI News & Alerts

Axie Infinity site sold for $2.48 million

In the third quarter of 2021, NFT collections from Axie Infinity were the best-selling in the cryptosphere, with more than $2.5 billion worth of transactions in total during that period. The price of the Axie Infinity token has also seen rapid growth, rising from $4.20 to nearly $160 between June and October.

According to the DappRadar platform, the cheapest digital object from the game's universe is now valued at $72.59. Meanwhile, the average transaction price with NFT reaches the $290.26 mark.

Axie Infinity operates on a play-to-earn model. In it, players can earn real money from the gameplay by buying, collecting and crossing virtual creatures called Axies. The day before, a "rare" in-game plot of land was sold for 550 ETH or $2.48 million at current exchange rates.