1/
Why Axie Infinity's $AXS is leading a bull market rebirth and a renewal of the #supercycle.
A thread 🧵👇
Why Axie Infinity's $AXS is leading a bull market rebirth and a renewal of the #supercycle.
A thread 🧵👇
2/
Crypto lost momentum in May with a flurry of alarming and annoying top indicators:
- Celebs pumping shit
- Dogcoins mooning
- Elon, the savior, flip flopped on BTC
Crypto lost momentum in May with a flurry of alarming and annoying top indicators:
- Celebs pumping shit
- Dogcoins mooning
- Elon, the savior, flip flopped on BTC
3/
This was bad. Why?
It gave the impression that crypto was still about shitty pump and dumps.
Fundamentals could be ignored.
Why would serious investors allocate without a clear framework for appraising projects?
This was bad. Why?
It gave the impression that crypto was still about shitty pump and dumps.
Fundamentals could be ignored.
Why would serious investors allocate without a clear framework for appraising projects?
4/
But now, a glimmer of hope has emerged in the form of cuddly, fierce pets.
Axies.
That's right. Fucking NFT organisms.
But now, a glimmer of hope has emerged in the form of cuddly, fierce pets.
Axies.
That's right. Fucking NFT organisms.
5/
Axie's been making waves:
• 350,000 DAU
• The fastest growing Discord server in the world
• $200,000,000 monthly NFT volume on their marketpalce. 3x Opensea volume recently. Just 1 game > OS
• A documentary about it becoming a new form of work:
Axie's been making waves:
• 350,000 DAU
• The fastest growing Discord server in the world
• $200,000,000 monthly NFT volume on their marketpalce. 3x Opensea volume recently. Just 1 game > OS
• A documentary about it becoming a new form of work:
6/
Axie has an ecosystem token, $AXS, that gives owners a slice of all revenue from the ecosystem (once staking arrives + fee switch enabled)
So far, this consists of
- Breeding fees.
- 4.25% of marketplace transactions.
Axie has an ecosystem token, $AXS, that gives owners a slice of all revenue from the ecosystem (once staking arrives + fee switch enabled)
So far, this consists of
- Breeding fees.
- 4.25% of marketplace transactions.
7/
AXS is the #1 revenue generating crypto application.
From real-world usage.
50% of Axie's 350,000 players have never used crypto before.
AXS is the #1 revenue generating crypto application.
From real-world usage.
50% of Axie's 350,000 players have never used crypto before.
https://twitter.com/Jihoz_Axie/status/1411514756733620227?s=20
8/
So why do I say that Axie is saving the bull market?
It's because AXS is the first major token to make a new ATH and it's doing this because of real adoption.
So why do I say that Axie is saving the bull market?
It's because AXS is the first major token to make a new ATH and it's doing this because of real adoption.
9/
If investors and traders can now use adoption and real fundamentals to pick projects, confidence will be re-injected into the market.
Goodbye Dogcoins.
The products with real adoption and fees, like Ethereum, @Uniswap , @AaveAave , Curve, YFI, will attract capital and win.
If investors and traders can now use adoption and real fundamentals to pick projects, confidence will be re-injected into the market.
Goodbye Dogcoins.
The products with real adoption and fees, like Ethereum, @Uniswap , @AaveAave , Curve, YFI, will attract capital and win.
10/
This fundamentals driven approach gives investors a framework to work with and will kickstart the next leg of this super cycle.
cc: @kyled116 @zhusu @mrjasonchoi @YanLiberman @anildelphi @Fiskantes @DegenSpartan @bneiluj @RyanSAdams
This fundamentals driven approach gives investors a framework to work with and will kickstart the next leg of this super cycle.
cc: @kyled116 @zhusu @mrjasonchoi @YanLiberman @anildelphi @Fiskantes @DegenSpartan @bneiluj @RyanSAdams
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