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Cryptocurrencies are our life! Get an Overview of Market News Acquires Tokens of Blockchain-Based Game Axie Infinity

1 min read Acquires Tokens of Blockchain-Based Game Axie Infinity Corp has just acquired tokens in the well-known NFT-based game Axie Infinity, which is hosted on two ETH-based cryptocurrencies — SLP and AXS. specifically acquired 980 AXS, Axie Infinity’s Proof-of-Stake governance token, and 174,400 SLP, the utility token used in-game.

The company aims to carry out various yield-generating strategies with these newly obtained tokens, which include liquidity provision and then staking.

The market capitalization of the DeFi industry has skyrocketed by about 14-fold within a year, bringing its total from $2.2 billion to $32.2 billion. As for the total value of user deposits (or TVL), it has shot up by 24.5 times from $2.4 billion to $58.9 billion.

Axie Infinity has gained $135 million in revenue, which makes it the second largest project in the entire crypto ecosystem behind ETH in terms of revenue.

Axis Infinity is a Pokemon-like game that allows players to keep digital pets called “Axies” and use them in various games. By playing to earn and experiencing the player-owned economy, players may come to understand the benefits of blockchain technology.

The post Acquires Tokens of Blockchain-Based Game Axie Infinity appeared first on SuperCryptoNews.


All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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