NFT gaming promotes the acceptance of cryptocurrencies

  • The co-founder of Axie Infinity believes NFT gaming is the key to mainstream acceptance of cryptocurrencies.
  • Zirlin found that there are many developers out there who have great ideas but who lack assertiveness.

Axie Infinity co-founder Jeff Zirlin believes that games will bring cryptocurrencies into the mainstream. Zirlin told Decrypt during the Messari Mainnet conference that cryptocurrencies are far from mainstream adoption. In his opinion, games are the fuel that will change that.

Axie Infinity

Axie Infinity is an NFT-based online video game from Sky Mavis. The game is all about fighting and trading. The players collect, breed, raise, fight and trade with creatures called “Axies”. Axies are digitized as non-fungible tokens (NFTs).

The online game is currently the most expensive NFT collection. To play the game, a new player needs at least three Axies. Despite the fact that it costs around $ 1,500 to buy the number of monsters required to play the game, Axie Infinity has over 1 million daily active players.

It’s a remarkable achievement, but Zirlin revealed that Axie Infinity is only about 6 percent complete. He went on to say that the online gaming company is considering upgrading the combat system in the next six months. In addition, his company will soon open a new decentralized exchange (DEX). He believes Axie Infinity customers will be welcoming the upcoming DEX. He said:

“In the long term, we want Axie to be the first game that the gaming community loves and plays.”

Zirlin acknowledged that there are many game developers out there with impressive ideas for games. What these people lack, however, is a really strong community that has an interest in playing the game. Zirlin noted that there are people out there who create Axie content, tutorials, and artwork but don’t like the game.

Axie’s competition

As Axie Infinity is making waves in the world of crypto games, other blockchain-based games are emerging as competitors. There are, for example, Decentraland, Sorare and Sandbox, which are funded with hundreds of millions of dollars. Zirlin explained:

“Younger indie game studios are likely to adopt blockchain faster than larger companies.”

Sorare recently announced that the company has raised $ 680 million in a Series B financing round. SoftBank managed the financing with the involvement of other venture capital firms. They include D1 Capital, Bessemer Ventures, Atomico, IVP, Eurazeo and Liontree. With more than 600,000 registered customers, Sorare is the largest sports-based NFT by sales volume. In the second quarter of 2020, Sorare posted a 51x year-over-year revenue growth. In addition, the French startup makes profits by issuing new player cards to customers. The most expensive player card on the platform is that of Cristiano Ronaldo and costs $ 287,420.44.