Axie Infinity: This is how AXS is recovering after $600m exploit

ambcrypto.com:

Play-to-earn (P2E) game Axie Infinity is seeing a turnaround in fortunes after its latest performance in the NFT market. The project has been attracting new customers with many developments on the platform. Axie Infinity grabbed the spotlight three months during the famous $600 million Ronin hack. It seems Axie is headed on the right path after that shock.

Metaverse game Axie Infinity has seen a 200% increase in NFT sales volume in the past week. Sales have racked up to $1.33 million in volume in over 118,000 transactions over this course. The sudden increase in Axie is attributed to the release of upgrades on the project along with the resurgence of the Ronin network.

Axie Infinity recently released the July development update highlighting key events for the month. Axie also released the land staking option on 4 July which has accelerated Axie Land NFT sales in the process.

This land staking allows ‘land owners’ with Axie NFTs to earn AXS token rewards. Official data suggests more than 90% of the total 16,794 circulating supply has been staked. Co-founder Jeff Zirlin was quick to acknowledge these impressions in his latest tweet.

Origin growing quickly with the new Alpha Season. 4,600 downloads yesterday.

Bridge is up. Land (90% staked) is emitting AXS.

Nature is healing. pic.twitter.com/AdNzi8x4cb

— The Jiho.eth