The decline of Axie Infinity

Quick Take

  • Axie Infinity was a pioneer of play-to-earn gaming and became immensely popular last year.
  • But indicators of popularity — the average cost of an Axie, total NFT sales and daily active users — have since plummeted.
  • What happened?
Axie Infinity pioneered the play-to-earn model, but now that there's less money to be made its popularity has plummeted.

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