A Plot of Virtual Land Was Sold for $2.4 Million on Axie Infinity’s Metaverse

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Axie Infinity
Axie Infinity

The Metaverse is still an infant compared to other technologies. However, real estate sales in the virtual world are reaching exorbitant marks lately. For instance, a plot of digital land sold last week for over $2 million in a Metaverse, making it obvious to the masses, that the investors are pouring large sums of money on the new technology. 

Axie Infinity —  a play-to-earn blockchain-based game Tweeted that a plot of land had sold for 550 ether or about $2.3 million at the current price of ETH. The virtual land called Genisis is a part of the Lunacia world — the Metaverse of Axie Infinity.

The NFT game enables players to create digital pet “Axolotls” that they use within the game. Players are also able to buy, sell and flip land among other digital assets and win and sell Axie-related NFTs (Non-fungible-tokens). Axie Infinity’s native token is AXS — one of the most traded cryptocurrencies in the Metaverse-related cryptos list.

“We believe this is the largest sum ever paid for a single plot of digital land,” Axie tweeted.