Axie Infinity Raises $860K in Token Sale

By Abhimanyu Krishnan | News | 20 Nov 2020

NFT-based crypto game Axie Infinity has raised $860,000 in a sale for its governance token, AXS, on Nov. 19.

  • Participants in the sale include Delphi Digital, Arca and Sparq; the AXS token is currently above $0.50, up 400% from its launch value
  • Axie Infinity launched the governance token on Nov. 10, and is available on markets like Binance and Uniswap
  • Axie Infinity is currently the most popular blockchain game in the market, but other games are also accelerating their campaigns -- Brave and Splinterlands partnered in Oct. 2020
  • NFTs have steadily grown in popularity in 2020, with multiple launches and fundings, including a $500,000 funding of NIFTEX
  • Axie also partnered with Chainlink over the weekend, which follows an earlier partnership with Aave
  • Art is another popular use case for NFTs -- a Batman artwork sold for $200,000 while a “digital portrait” of Satoshi Nakamoto sold for just over $131,000

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Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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