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It seems that Axie Infinity's early investors are flocking to Battle Infinity's token, IBAT. The demand from the presale has continued into the public launch for the token on a DEX.
The Axie Infinity investors believe IBAT could be a P2E ecosystem that could reproduce the enormous success that Axie Infinity experienced in 2020 and 2021. As a result, they want to get in on the action early and are prepared to buy IBAT before it explodes in price.
If you're intrigued, here are five reasons why Axie Infinity's early investors might be buying IBAT;
Battle Infinity is a Play-to-Earn (P2E) NFT-based fantasy sports league integrated with the metaverse. It allows players to build strategic fantasy sports league teams to battle against each other and earn prizes.
The fantasy sports league industry is incredibly popular. The game allows sports lovers to test their knowledge and see if they really know their favorite sports as well as they think they do.
American Football dominates the fantasy sports league market in the US, with over 35 million players participating. Additionally, 78% of all fantasy league players in the country are playing NFL fantasy football, leading to DraftKings becoming the NFL's first fantasy league partner in 2019.
In the UK, Football (Soccer) dominates the fantasy sports leagues, with 8 million players participating in private leagues with friends and colleagues.
One of the biggest markets for fantasy sports lies in India. Almost 50% of the 1.3 billion population watch cricket each year. The Federation of Indian Fantasy Sports (FIFS) estimated that 100 million players participate in fantasy leagues for
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