AXS

Crypto gaming is one of the fastest-developing sectors of the blockchain industry. In 2023, it is estimated at $7.89 billion and is forecasted to reach over $300 billion by 2030. Some see it as the next ship to onboard for lucrative long-term investments. And after a closer look at it, we can easily understand why. The strength of the crypto gaming market lies at the crossroads of several technological advances, including blockchain, cryptocurrencies, and the Metaverse. Including new economic models,…

Trung Nguyen, the CEO, and co-founder of Axie Infinity is facing allegations of insider trading after recent data shows he transferred $3 million worth of tokens shortly before disclosing the March hack. At the time, the attack saw the P2E blockchain game lose $622 million worth of assets. Sky Mavis, the game studio behind Axie Infinity, debunks the accusations, claiming the founders transferred the assets to create more flexibility in response to the Ethereum sidechain attack. Moreover, Nguyen says the…

Axie Infinity is a blockchain-based pet universe where anyone can trade gametime for crypto and easily redeem it for fiat. Some call it a mix between Pokémon and CryptoKitties. Others see it as the next generation’s Fortnite. And, most people play it to earn an extra buck while watching fluffy critters battle each other. Axie Infinity embodies all these concepts but promises even more for its rapidly growing userbase. For instance, it has an extensive marketplace where players can trade…

The past week was an impressive one for Axie Infinity (AXS). First, the coin broke significant ground, allowing investors to reap even more. However, many investors tend to get fearful when market prices start to rise. Even though the money's good, no one wants to be alone if things go wrong. So, the question is whether this rally will last. Coming Off a Long Line of Gains The crypto market has had an exciting run in 2021 for sure. Coin…