The new DEFI platform enters the market! Earn passively - token sale 0.25 $ I'm going in!

Axie Infinity virtual land slot sold for 550 ETH

2 min reading

According to the game's developers, it's the most sum ever spent on virtual real estate

A worthwhile land plot within the monster-battle fantasy nonfungible tokens, or NFTs, game sold for 550 ETH ($2.3 million), according to a tweet released late Thursday by Axie Infinity. Axies are creatures that users can control to combat other players, defeat enemies, and accomplish daily targets. They are also NFTs that can be freely produced (minted), bought, and sold.

The game is set in the world of Lunacia, which is inhabited by the Axies. It is a 301 × 301 square grid with each section representing a tokenized plot of land called Terra, which players can buy, sell, or lease out to other players at their discretion. The land that was auctioned yesterday is defined as Genesis, the rarest type of virtual real estate in the Axie Infinity ecosystem.

Chimeras, or monsters, spawn in the game and terrorise Lunaria. Players receive Smooth Love Potions (SLPs) by defeating Chimeras, which can subsequently be sold for cash on cryptocurrency exchanges. Defeated Chimeras also drop various resources that can be utilised to enhance their Axies and land, raising SLP earnings potential. Genesis Land is judiciously placed in Lunacia's centre, where rare Chimeras raid bosses spawn and drop exceptional items.

Moreover, only 220 of the 90,601 land slots have the Genesis classification.

Critics of the game assert that virtual real estate is not physically tangible and wonder why it has any value at all. However, for some, playing Axie Infinity is a full-time profession deserving of prior investments, particularly in developing countries where earning SLPs per day in the game can sometimes exceed the country's minimum wage.



Currency Exchange rate Buy cryptocurrency

The new DEFI platform enters the market! Earn passively - token sale 0.25 $

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Lushup Holdings FZ LEE. Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the tokeneo.com/news/pl website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is Lushup Holdings FZ LEE, Fujairah - Creative Tower, P.O.Box 4422 Fujairah, United Arabs Emirates.

The full document to read the Tokeneo privacy policy is available in this document.

Advanced settings can be changed in your browser.