Axie Infinity capitalizes at US$4.4 billion
The virtual currency in the Vietnamese blockchain game Axie Infinity - Axie Infinity Shards (AXS) - has hit a new peak of $71, setting a record capitalization of $4.4 billion.
|Axie Infinity creates a blockchain gaming craze in Southeast Asia.|
Within just half a month, Axie Infinity became the focus of media attention when founder and CEO Trung Nguyen was considered a billionaire. At that time, AXS was only worth around $42 with a market capitalization of about $2.5 billion and CEO Trung Nguyen denied being a USD billionaire.
Now, with a new capitalization record set, CEO Trung Nguyen and his associates are getting closer to reaching the billion-dollar asset milestone. If AXS retains its value of over $70 by the end of this year, when the development team is rewarded with an additional 5.7 million bitcoins, CEO Trung Nguyen and his associates will have another $400 million.
With this result, IntoTheBlock's blockchain analysis showed that 100% of investors in Axie Infinity were profitable. Of them, 77% are investors under one year and 23% are investors under one month.
Along with the Axie Infinity craze, cryptocurrencies in general are attracting investors’ interest again. As of the morning of August 11, the market capitalization of the entire market had recovered to $1.882 billion, a record since the time cryptocurrency mining and trading was suppressed by China in mid-May.
CEO Nguyen Thanh Trung said that he is not a dollar millionaire, explaining that the market capitalization of AXS tokens is different from the capitalization of Sky Mavis.
The market capitalisation of Axie Infinity, a blockchain-based trading and battling online video game developed by a Vietnamese studio, currently stands at 2.5 billion USD with about 61 million AXS traded.