Axie Infinity Unveils NFT Monetization Solution
Axie Infinity, a blockchain game and metaverse project, has introduced a new initiative allowing non-fungible token (NFT) owners to produce and sell authorized merchandise. Sky Mavis, the game’s developer, has launched a dedicated merch store for the Axie Infinity intellectual property. The move marks a significant step into user-generated content and commercialization.
A select group of 4,877 Axie NFT holders, possessing Mystic and Origin Axies, can now use their NFT characters as mascots for launching businesses, such as cafes, comics, restaurants, or toy collections. Currently, commercial restrictions apply to less than 5,000 out of the 11.9 million total Axie monster NFTs, constituting just 0.04% of all Axie NFTs. An official Axie Infinity merch store has been launched, featuring Squishmallow-style plush toys, a $300 figurine, and branded apparel.
(With inputs from Shikha Singh)
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