DappRadar Q3 report: Axie Infinity leads in-game NFT boom

DappRadar Q3 report: Axie Infinity leads in-game NFT boom

DappRadar has released the full version of its ‘Blockchain Game Report’ Q3 2021 edition. According to the report, Vietnamese NFT-based online video game Axie Infinity controlled a significant proportion of the total volume for NFT trading within the period.

The ‘Blockchain Game Report’ is serial research into the statistical facts and trends within the fast-growing sector, and only a limited ‘overview’ version of the report had been made available previously.

In-game NFTs were responsible for exactly 22% of all NFT trading volume in Q3 2021. This implies that over a fifth of all NFT trades in the period can be attributed to in-game NFTs alone. DappRadar further revealed that 19% of this total NFT trading volume was from in-game NFT activity associated with Axie Infinity.

Axie Infinity is a game that has been widely accepted by both the crypto community and the press, thanks to its appeal and popularity. It stands unique due to its monetization model, where players are offered direct token rewards for their participation and progress within the game.

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76th Reason For National Bitcoin Reserve: Foreign Debt Repayments Become Possible With an International Digital Asset

76th Reason For National Bitcoin Reserve: Foreign Debt Repayments Become Possible With an International Digital Asset

Nations holding Bitcoin as part of their reserve assets could gain new options for managing foreign debt obligations. While traditional debt repayments typically occur in major fiat currencies like the US dollar or euro, Bitcoin introduces the possibility of alternative settlement mechanisms. Countries facing foreign currency shortages for debt service

By Albert Morgan