The Axie Infinity team is taking action. on the one hand, They raised 860,000 U.S. dollars “Through strategic sales of our governance token AXS.“On the other hand, they announced an in-game decentralized exchange, and their AXS has increased their bonus by 55% in the past 24 hours. The large numbers around will satisfy and attract any investor. Speaking of satisfied investors , Their initial supporters were those who were invited to participate in the Axie Infinity private placement.
Let us digest all of these bit by bit.
Axie Infinity’s $860,000 private sale
this Terms “Strategic sales“ The statement is as follows:
“Axie Infinity raised $864,000 in private sales of AXS to strategic investors in mid-2020. These investors purchased AXS at a 20% discount.
20% of the private placement tokens will be unlocked during the AXS public sale. The remaining private sale tokens will be unlocked quarterly for the next two years. “
In the press release, they disclosed that investors:
Three Arrows Capital
And angel investors:
Alexander John Amsel
Alex Svanevik (Nansen)
Investors seemed very satisfied. In a recent tweet, Zhu Su of DeFiance Capital announced that Axie Infinity and its Axie Infinity Shards (AXS) are the company’s most profitable seed investments to date. “The craziest thing is that in this round, it is so low that many people invest just to support the ecosystem without any expectation of return.,” he added color.
The craziest thing is that in this round, it is so low that many people invest just to support the ecosystem without any expectation of return.
The world is growing indefinitely
— Zhu Su 🔺 (@zhusu) October 2, 2021
AXS soars 55%
According to Chinese reporter Colin Wu, “Axie Infinity is launching a decentralized exchange, and its price has increased by 55% within 24 hours. However, its transaction volume and active users are declining. “ He also said it was “The largest increase in the top 50 cryptocurrencies.” At the time of writing, the number has been reduced.according to To Coinmarketcap, AXS is “An increase of 42.90% in the past 24 hours.“
Axie Infinity launched a decentralized exchange, and its price increased by 55% within 24 hours. However, its transaction volume and active users are declining.
-Wu Blockchain (@WuBlockchain) October 2, 2021
The recently announced decentralized exchange will eliminate the need for Axie Infinity to trade tokens. “People want to acquire and use their tokens from the same place without having to use the bridge often,” Jeff Zirlin, head of growth, told The Block” That website Breaking down the story of Axie Infinity encountering DeFi, saying:
“DEX can help users continue to play the game because it will eliminate certain frictions that exist when players have to move their tokens out of the platform for trading. DEX will be built on Ronin, which is a sidechain related to Ethereum. Built for Axie Infinity.”
inside”“Strategic Sales” Press Release, They quoted Defiance Capital’s Arthur0x, he said:
“Since 2018, Axie has been building tirelessly and we have been deeply impressed by their execution so far. Their vision of combining NFT, gaming and DeFi together is very exciting. We are very happy. Seeing that Axie continues to be at the forefront of innovation in the field of NFT games and DeFi.”
AXS price chart for 10/02/2021 on Gemini | Source: AXS/USD on TradingView.com
Epilogue: Our prediction
Just three months ago, when NewsBTC first reported on Axie Infinity, We predict:
“In the long run, Axie Infinity can add new features, new game modes, and more resources to its games. The expansion of this universe will provide a real-world use case for cryptocurrency and blockchain technology to cultivate gaming experience.”
Related Reading | Jack Dorsey plans to build a decentralized exchange for Bitcoin
They did add new features, but it was not what we expected.
At that time, AXS was trading at $17.47. Each token is now worth $111.21.
Featured Image: Axie Infinity screenshot from their press release | Charts by TradingView