Before the $2.4 million deal, Axie’s largest sale was around 888.25 Ethers for nine plots of land. At that time, back in February 2021, the sale was estimated to be around $1.5 million.
Axie Infinity was created by Sky Mavis, a Vietnam-based company and currently sits on the throne of the largest NFT projects globally.
What are NFTs?
NFTs are decentralized digital tokens based on the blockchain. The interest in NFTs boomed last year after popular figures and sportsmen started endorsing the technology. However, one of the largest contributors to the rise of interest in NFTs was Facebook’s transition into the Metaverse.
Mark Zuckerberg the CEO of Meta — formerly Facebook — has announced last month that his company will create a virtual world. The move of the social media giant is considered one of the largest transitions in history.
Meanwhile, on Decentraland’s Metaverse — a fierce competitor of Axie Infinity — a property was sold for $2.43 million. The two sales are the highest to date and they are considered higher than real-life homes in some of the United States’ most expensive cities.
