return icon Vietnamnet.vn

Vietnam’s Axie Infinity still dominates NFT market

Among Blockchain games, Axie Infinity is still the most searched NFT project for in the past month, with 3.86 million searches, according to Design Bundles report.

 

Axie Infinity của người Việt vẫn thống trị thị trường NFT

Nguyen Thanh Trung - the founder of Sky Mavis, the developer of Axie Infinity. 

 


The search for Axie Infinity far exceeded the NFT projects behind, such as The Sandbox in the second position with 555,000 searches and NBA Prime in third place with 477,000 searches. Surprisingly, the famous and expensive NFT collection like CryptoPunks ranked 9th in terms of search.

The reason behind is that the GameFi model that Axie Infinity developed makes NFTs an important and indispensable resource for gamers.

To participate in the world of Axie Infinity, players must own at least three Axies (game characters). These game characters are NFTs, contributing to the demand for NFT Axie Infinity in the market.

According to statistics of Axie Infinity Marketplace, in the last 24 days, up to 28,400 NFT Axies were successfully traded. The total volume of transactions in a single day also reached 1.5 million USD.

In the past month, nearly 1.2 million NFT Axies were sold, with a trading volume of more than 72 million USD.

A few days ago, Axie Infinity became the first NFT project to reach 4 billion USD in revenue. Meanwhile, CryptoPunks project with extremely expensive NFT avatars has so far only reached 2 billion USD in revenue.

After the initial fever, Axie Infinity has maintained strong sales of NFTs. However, due to fluctuations in the Bitcoin price, the price of the Axie Infinity (AXS) token has been severely affected.

Photo: The total transaction value of Axie Infinity NFTs has surpassed $4 billion, the highest among NFT projects in the world.

As of March 8, each AXS token was priced at 46.4 USD, just a third of what it was during its peak period (160 USD). The total market capitalization of Axie Infinity is now estimated at 2.8 billion USD, ranking 3rd in NFT segment and 44th in market capitalization compared to Blockchain projects globally.

Trong Dat

Vietnam’s startup makes deal with world’s blockchain giant

Vietnam’s startup makes deal with world’s blockchain giant

Poriverse, a Vietnam metaverse game startup, has announced the establishment of a strategic partnership with a branch of Polygon (MATIC), one of the world's leading Blockchain platforms.

Vietnamese’s ownership of NFTs higher than that of Americans, Singaporeans

Vietnamese’s ownership of NFTs higher than that of Americans, Singaporeans

In 2021, financial news site Finder released a survey on the ownership and interest in NFTs of people around the world, including Vietnam. Vietnam is in a group with the highest ownership rate of NFTs among the surveyed economies.

 

MORE NEWS

Curbing inflation: the optimal goal of monetary and fiscal policies

Monetary and fiscal policies have been tightened to fight inflation in Vietnam (though it is among the lowest in the world), instead of aiming to recover production and boost growth, which is needed after several years of pandemic.

Businesses seek capital as banks run out of ‘credit quota’

Businesses in many fields have voiced their concerns about the lack of capital from banks.

Businesses complain about customs procedures, import taxes

Businesses still must visit ministries in Hanoi to complete paperwork, which they consider a big waste of time and money. They are also concerned about high import taxes.

Vietnam contributes to International Law Commission

Vietnamese Ambassador Nguyen Hong Thao has pledged to make more contributions to the progress and development of international law, for peace, friendship, cooperation and sustainable development worldwide.

Pencak silat fighter enjoys golden year

Pencak silat fighter Quang Thi Thu Nghia has had amazing year of competition when she has won titles from all competitions that she took part in.

Pop singer to compete at MTV Europe Music Awards

Pop singer Pham Dinh Thai Ngan from HCM City will represent Vietnam at the MTV Europe Music Awards (MTV EMA) 2022.

PM hosts national committee on digital transformation’s third session

Prime Minister Pham Minh Chinh chaired the third meeting of the National Committee on Digital Transformation on August 8 to assess digital transformation pace during the first half of 2022 and devise tasks for the time ahead.

Liem to face off against chess king Carlsen at FTX Crypto Cup

Vietnam’s leading chess player Le Quang Liem has revealed that he will take on Norwegian chess king Magnus Carlsen at the FTX Crypto Cup which is scheduled to take place in Miami, USA, from August 15 to August 21.

Vietnam ranks third overall at ASEAN Para Games 2022

Vietnamese athletes bagged seven more gold medals on August 5, the last competition day of the ASEAN Para Games 2022, retaining their third place in the medal tally.

Corporate bond market struggling with challenges

The size of the corporate bond market is estimated at some VND1,374 trillion, equivalent to 15% of GDP. The Government aims to raise this figure to 20% by 2025.

President requires greater efforts to promote value of Ngoc Linh ginseng

Ngoc Linh ginseng deserves the "National treasure" title, and it is necessary to strongly promote the role of this treasure in improving people's livelihoods, President Nguyen Xuan Phuc said .

EVFTA outpaces CPTPP in preference utilisation rate

The utilisation rate of tax incentives set out in the EU-Vietnam Free Trade Agreement (EVFTA) during Q1 soared by over 32%, representing a four-fold rise compared to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Refusal to issue visas to new VN passport causes problems for travel firms

The rejection of Vietnam’s new passport by some EU member countries is affecting HCM City tourism companies since their customers are unable to travel to those countries.

Vietnam set to scrap COVID quarantine for imported processed seafood

The Ministry of Agriculture and Rural Development has removed COVID-related quarantine requirements for frozen processed seafood products imported for the purpose of reprocessing for export.

HCM City seeks to boost technology transfer from universities

Huynh Kim Tuoc, managing director of Sai Gon Innovation Hub's (SiHub) Start-up Support Centre under the HCM City Department of Science and Technology, affirmed Vietnam holds tremendous potential for technology development
back_to_top