Axie Infinity Land Plot Sells For Record $2.48 Million | bitcoin news | crypto news

Описание: With a piece of land in Axie Infinity selling for a record-breaking $2.48 million, Grayscale has valued the wider metaverse at $1 trillion.

--An “extremely rare” piece of virtual land in the crypto game Axie Infinity sold yesterday for 550 Ethereum yesterday, or more than $2.48 million at today’s prices.

--The "Genesis" plot is one of the rarest in the game, with just 220 in existence.

--Axie Infinity is a play-to-earn game in which players collect and breed small Pokémon-like creatures, called Axies, pitting them into battle with each other to earn the Smooth Love Potion (SLP) cryptocurrency.

--In-game items, including plots of land and the Axies themselves, are represented by NFTs, or non-fungible tokens; cryptographically unique assets that can be used to prove ownership of digital content.

--Yesterday, an Axie Genesis Plot sold for 550 ETH.

--This was the largest sale ever for a single plot of digital land.

--Learn about Land.

--The game has shot to prominence over the past year, becoming the most-traded NFT collection ever in Q3 2021, with over $2.5 billion in trading volume. Its popularity is partly due to the game's play-to-earn mechanic, which has seen gamers in countries such as the Philippines earning a living by playing the game. Speaking at a recent conference, Axie Infinity co-founder Aleksander Leonard Larsen noted that the game now has about two million daily active players, about half of whom have never used any crypto application before.

--NFT-powered games like Axie Infinity are widely regarded as pioneers of the metaverse—a persistent digital environment where users move between virtual worlds, interacting with others through customizable avatars. NFTs are seen as a crucial building block in the metaverse, as they allow users to take ownership of virtual items such as plots of land, avatars and artifacts, and will eventually enable them to move those items between different virtual worlds.

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