Coinbase CEO made statements on the impressive and rapid growth of Axie Infinity (AXS). Brian Armstrong, Co-Founder and CEO of US-based cryptocurrency exchange Coinbase, says that an extremely hot altcoin project is signaling and leading the rapid growth of the crypto industry to other sectors of the economy. Details of the topic cryptocoin.com‘in.
Coinbase CEO drew attention
In a recent post on Twitter, Armstrong shared a Coinbase blog post profiling the “mind-blowing” growth of Axie Infinity (AXS), saying that it parallels the growth of the cryptocurrency space into new industries.
According to Coinbase’s report, NFT-based game Axie Infinity ranks second after Ethereum (ETH) in revenue earned in the last 30 days ($186 million and $742 million, respectively).
What else is in the report?
Coinbase’s report claims that Axie has created massive wealth in a short period of time, as well as introducing a new class of users to crypto apps: These 1 million users are cryptocurrencies, NFTs, digital wallets and DEXs. [merkezi olmayan borsalar] It’s not hard to see this new group as natural users of other DeFi and Web3 applications. The post also compares Axie Infinity’s gamification to Pokémon, allowing users to collect various “Axies” and engage them in battles against other players. Users can generate Axies with the proceeds from trades going to the Axie Infinity Treasure and trade them to other players, holding more than $600 million in funds.
Coinbase highlighted how the game has managed to grow its own digital economy with in-game parallels with the Federal Reserve. Coinbase’s report states:
If Axie Infinity (AXS) is its digital nation, game developer Sky Mavis serves as its Federal Reserve. Where the Fed has various tools it uses to influence the economy, Sky Mavis can adjust its SLP issuance rate and breeding fees to keep the Axie economy healthy.
The Coinbase exchange report also noted that the development of DeFi, NFTs, and games has made cryptocurrency a “universe of meaningful new applications and models” beyond speculative trading.
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