Did you know what an NFT was before 2021? Everything changed this year as nonfungible tokens took pop culture by storm with an estimated $18 billion in volume sold. What trends fueled its rise, and which ones will push it forward in 2022?
NFTs are not only meant to be displayed. One blockchain game, Axie Infinity, involves players dueling one another or nonplayable characters and completing daily quests with in-game creatures known as Axies. Each Axie is a unique NFT that can be bought and sold on the Ethereum blockchain.
The minting of Axie NFTs is known as breeding in the game, with rarer Axies having better stats and subsequently costing far more. According to its official marketplace, the total volume of Axies bought and sold in the past 30 daysIn addition, players can purchase virtual land NFTs in the game. Such digital real estate represents locations where monsters and bosses spawn, in addition to hosting an abundance of resources. TheThat's over 2.
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