.png)
.png)
The play to earn game Axie Infinity is on a major bull run, with the chart data to prove it. In the last 7 days the native token of Axie Infinity, AXS, has risen by 148%. Over the 14 day period it’s an even more impressive 279%.
Trading volume has now surpassed $1 billion with a market cap of $791 million. At time of press the token is trading at around the $14 mark down from a peak of $16.64 on July 7th.
The reasons behind the current run of AXS may lie in its increasing adoption and popularity. According to data from DappRadar, Axie Infinity is now attracting more than 4,700 unique daily wallets, increasing usage by 360.61% quarter-on-quarter.
Over the past month 62,000 unique wallets have used the platform. Data from Google Analytics also shows that Axie Infinity may be experiencing a breakout event, with interest in the company rising through May and June.
DappRadar have gone on to speculate that play to earn games such as Axie Infinity may even be the key to mass adoption. Axie Infinity has grown 360.61% from the previous quarter with 295,000 daily players now participating in the game.
The positive trends for the protocol continue almost anywhere you care to look, prompting one Twitter user ‘ChainLinkGod.eth 2.0’ to share their own analysis of the company’s current good fortune.
The current bull run of Axie Infinity is a positive signal for the NFT market, as the sector continues to diversify and grow. As the NFT industry matures we are beginning to witness a shift from art and collectibles to metaverse tokens and NFT games, with Axie Infinity leading the charge for NFT gaming.
BakerySwap's official Merch shop is now live with many exciting collections available and more to be added in the future.
The Merch store — Baked Merch, displays BakerySwap’s new collection of apparel, accessories, with many other offerings to come.
“Stay tuned for new Featured additions! $BAKE it!” the protocol encouraged on their Twitter on July 27th.
The digital store comes with a plethora of unique displays and collections to keep users engaged. Along with the numerous collections, the website is user-friendly and easy to navigate. BakerySwap was the first Non-Fungible Token (NFT) exchange on Binance Smart Chain (BSC). Based on their popularity the merch shop comes at the right time for the platform to capitalize on a growing user base.
The new Baked Merch offers users a wide range of unique products and features. The digital store is powered by Spring, which is a simple solution for creating and selling products.
Currently, the Merch store has products based on three categories: apparel, accessories, and drinkware. More products will be added soon according to the BakerySwap team.
With just one click on each of the categories on the top right corner of the store’s page, users can see the different products available. Under the apparel category, Unisex/Men’s T-shirts, Women’s T-shirts, and hoodies & sweatshirts are up for sale. For accessories, phone cases are available, while drinkware features stylized water bottles.
The store is just a few days old but there is promise for its longevity considering its parent platform. Users can also find designs from featured artists like Irene Cerezo on the merch shop.
It also comes with a search feature that allows users to look up anything they want to buy and add it to their cart for delivery. Payment is straightforward, either by card or via PayPal.
.jpg)
Binance Smart Chain (BSC) has selected the top 10 winners in their second Most Valuable Builder: The Big Bang of NFTs.
The winners were announced on July 29th and were detailed in BSC Matthew’s Binance Chain blog post. The competition started in late April and whittled down the Most Valuable Builder’s from over 500 projects.
“The MVBII was subtitled The Big Bang of NFTs to show that we will focus primarily on NFT+DeFi development in the second round,” explained BSC Matthew in the blog.
In the past few weeks here at BSC.News we’ve been lauding the incredible advances made by NFT Gaming projects. Judging by the winners we were right to do so.
The projects show no sign of decline, as at the time of writing they currently account for more than half of the entire daily transaction volume. We can put this in context when we understand that the BSC Network currently processes 800% more transactions than Ethereum. Incredible!
It is impossible to overstate the energizing effect of MVB II on the BSC ecosystem. The shortlisted projects achieved a total of more than 500,000 active addresses with $16Bn in transacted volume from May to July 2021, during the competition itself.
Aside from the immediate injection of interest the competition provides, there is a substantial $10,000 grant. An opportunity to strengthen security via Certik through a sponsorship. And arguably the most important, a priceless opportunity for an exclusive incubation workshop with industry experts.
There is also added potential for a direct listing in the Binance Innovation Zone and the incredible investment opportunities that come with that.
The Big Bang of NFTs focused primarily on the development of NFT+DeFi.
The initial phase began on May 1st, and oversaw over 400 applications from all over the world. Each project was given ample attention and put through a scrutinising process that carefully observed performance. A top 20 projects would be identified based on a strict criteria:
Product innovation: What does the project propose that is unique? Is this project competitive, and does it provide new features and products?
Security: Each project must have at least one completed team security certification or audit from independent BSC ecosystem partners.
Community & users: This includes the number of active users in the community, chain address activity, and regular users.
Transaction volume: Here, we looked at the transaction volume over different periods.
(The criteria is taken as specifically defined by the brilliant team at Binance)
The second phase saw the top 20 undergo even more scrutinous standards, as the projects are expected to be the most demanded applications in NFT+DeFi, dApps or Infrastructure in the BSC Ecosystem. Popularity is a must.
Security is then investigated as despite the huge number of Daily Active Users (DAU, Total Volume Locked (TVL), and Liquidity, projects are expected to hold up in terms of offering protection.
Finally, communication was understood as a key aspect. It was important to garner community strength via different media channels, including but not limited to Twitter, Telegram, Discord and Medium. Often underplayed, this communicative aspect is what binds these projects together, and the second phase of the competition accounted for that.
Pokémon-inspired game, Axie Infinity, has been enjoying explosive growth and has even been credited as a key driver for the NFT market according to research from DappRadar.
The play to earn game Axie Infinity is on a major bull run, with the chart data to prove it. In the last 7 days the native token of Axie Infinity, AXS, has risen by 148%. Over the 14 day period it’s an even more impressive 279%.
Trading volume has now surpassed $1 billion with a market cap of $791 million. At time of press the token is trading at around the $14 mark down from a peak of $16.64 on July 7th.
The reasons behind the current run of AXS may lie in its increasing adoption and popularity. According to data from DappRadar, Axie Infinity is now attracting more than 4,700 unique daily wallets, increasing usage by 360.61% quarter-on-quarter.
Over the past month 62,000 unique wallets have used the platform. Data from Google Analytics also shows that Axie Infinity may be experiencing a breakout event, with interest in the company rising through May and June.
DappRadar have gone on to speculate that play to earn games such as Axie Infinity may even be the key to mass adoption. Axie Infinity has grown 360.61% from the previous quarter with 295,000 daily players now participating in the game.
The positive trends for the protocol continue almost anywhere you care to look, prompting one Twitter user ‘ChainLinkGod.eth 2.0’ to share their own analysis of the company’s current good fortune.
The current bull run of Axie Infinity is a positive signal for the NFT market, as the sector continues to diversify and grow. As the NFT industry matures we are beginning to witness a shift from art and collectibles to metaverse tokens and NFT games, with Axie Infinity leading the charge for NFT gaming.
