Axie Infinity Raises $ 860K While Its AXS Token Increases 55% In The Last 24 Hours

The Axie Infinity team is making moves. On the one hand, raised $ 860Kthrough a strategic sale of our governance token, AXS.”On the other hand, they announced a decentralized exchange in the game and their AXS increased in prize money by 55% in the last 24 hours. Big numbers everywhere that would satisfy and attract any investor. And speaking of satisfied investors, their original backers were the people invited to the private sale of Axie Infinity.

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Let’s say all that part by part.

$ 860K Private Sale of Axie Infinity

the terms of the “strategic sale declare the following:

“Axie Infinity raised $ 864,000 in a private sale of AXS to strategic investors in mid-2020. These investors bought AXS at a 20% discount.

20% of the privately sold tokens will be unlocked during the AXS public sale. The rest of the privately sold tokens will be unlocked quarterly for the next 2 years. “

In the press release, they revealed to investors:

  • Ark

  • Capital of three arrows

  • DeFiance Capital

  • Capital DeFi

  • Sparq ventures

  • Brands Animoca

  • Chopped

  • Dialectical

as well as angel investors:

  • Alexander John Amsel

  • Alex Svanevik (Nansen)

  • Bashylok Oleksander

Investors seem very satisfied. In a recent tweet, Zhu Su of DeFiance Capital announced that Axie Infinity and its Axie Infinity Shards (AXS) are the company’s most profitable initial investment by far. “The craziest thing is that at the time of the round, it was so underrated that many people invested just to support the ecosystem with no expectation of return.”He adds for the color.

The huge 55% increase from AXS

According to Chinese journalist Colin Wu, “Axie Infinity is launching a decentralized exchange and its price is up 55% in 24 hours. However, its volume of operations and active users are decreasing. “ He also said it was “The biggest increase among the top 50 cryptocurrencies.” At the time of writing this article, the number has dropped a bit. According to Coinmarketcap, AXS is “up to 42.90% in the last 24 hours.

The recently announced decentralized exchange will eliminate the need to let Axie Infinity trade tokens. “People want to acquire and use their tokens from the same place without having to constantly bridge the gap, ”growth leader Jeff Zirlin told The Block.That website broke the story of Axie Infinity meets DeFi, saying:

“The DEX could help users keep playing because it will eliminate certain frictions that exist for players who have to move their tokens off the platform to exchange them. The DEX will be based on Ronin, an Ethereum-linked sidechain specially designed for Axie Infinity. “

At “Strategic sale ”press release, quote Defiance Capital’s Arthur0x, who said:

“Axie has been building tirelessly since 2018 and we are impressed by his execution thus far. His vision of combining NFT, gaming, and DeFi together is extremely exciting. We are delighted to see Axie continue to be at the forefront of innovation in NFT gaming and the DeFi space. “

AXS price chart for 10/02/2021 on Gemini | Source: AXS/USD on TradingView.com

Epilogue: Our Prediction

Just three months ago when BTC first covered Axie Infinity, we predicted:

“In the long term, Axie Infinity could add new features to its game, a new game mode, more resources. The expansion of this universe is set up to provide cryptocurrencies and blockchain technology with a real-world use case that nurtures the gaming experience. “

Related reading | Jack Dorsey plans to build a decentralized exchange for Bitcoin

They added new features, but not the ones we expected.

At the time, AXS was trading at $ 17.47. Each chip is worth $ 111.21 today.

Featured Image: Axie Infinity screenshot from their press release | Charts by TradingView

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