Record Sale: Virtual Land in Axie Infinity Fetches $2.4 Million

In the Ethereum blockchain-based game Axie Infinity, a significant transaction occurred when a virtual land was sold for $2.4 million, equivalent to 550 ETH, setting a record.

The gaming platform, which operates on the Ethereum blockchain, announced through ArcaChemist that this digital terrain was purchased by a player known as Lunacian #789512.

This sale marks a notable event in the realm of blockchain gaming, reflecting the high value placed on digital assets in this emerging market.

Biggest virtual land sale ever

In a statement released on Wednesday, it was announced that a ‘Genesis’ type sandbox, recognized for its rarity, was sold for 550 ETH, equivalent to $2.4 million. This transaction is considered the largest digital land sale to date.

Axie Infinity, a game operating on a play-to-earn model, is set in a virtual world known as ‘Lunacia.’ In this game, players have the opportunity to earn the SLP (Smooth Love Potion) token.

Players engage in creating, breeding, and nurturing characters called ‘Axies.’ Additionally, these characters can be used in battles against other players or computer-controlled opponents, adding a competitive edge to the game’s immersive experience.

ABOUT 👾 Axie Infinity

• What is it? A turn-based strategy game inspired by Pokémon and Tamagotchi, where players engage in battles.
• Core Assets: Players collect, raise, breed, and battle unique digital creatures called Axies.
• Ownership: The Axies and virtual land are represented as NFTs (Non-Fungible Tokens), meaning players have true ownership of their in-game assets and can trade them freely on the marketplace.
• The Economy (Play-to-Earn): Players can earn cryptocurrency tokens, primarily Smooth Love Potion (SLP), by winning battles and completing quests. These tokens can be sold on crypto exchanges.
• Governance: The ecosystem also uses the Axie Infinity Shards (AXS) token, which allows holders to participate in the governance of the platform (voting) and earn rewards through staking.
• Platform: It was built by Sky Mavis and primarily operates on the Ronin Network, an Ethereum-linked sidechain, to ensure faster and cheaper transactions.

In short: Axie Infinity is a digital world that blends gaming with cryptocurrency, allowing players to earn income and own assets simply by playing and contributing to the ecosystem.

Would you like more detail on the game’s mechanics, its economic model, or the cryptocurrencies it uses (AXS/SLP)?

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