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Cool Crypto Game Revenue Reached Almost A Million Dollar

A leading Ethereum-based crypto game, Axie Infinity, announced today that it has raised $860,000 in a strategic AXS governance token sale.

Arca, Sparq, Delphi Digital, and others have contributed to the sale. The AXS token has been launched earlier this month on Binance and Uniswap, CoinGecko says that it has risen from a price of around $0.12 to a current price of just lower than $0.47.

Axie infinity used Ethereum non-fungible tokens (NFTs) to represent collectible creatures in the game which have been proven scarce. A rare Axie NFT has been sold for 300 ETH earlier this month, approximately $130,000 by the time of sale.

Today’s governance token sale comes over a partnership with Chainlink that was announced this week. Thru the partnership, Axie Infinity had integrated Chainlink’s decentralized ETH/USD price to the game to ensure that the price shown is always updated. It has also implemented Chainlink’s Verifiable Randomness Function (VRF) for in-game elements that has a random element, like breeding Axies.

Jeff Zirlin, growth lead at Axie Infinity, agreed to the game’s “play-to-earn” approach as part of its success.

He said that Axie Infinity players can earn ERC-20 tokens that are worth approximately $4-7 per hour—a budding side hustle for some, but significant income in other parts of the world.

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