Where the Comment is King

THE NEWS COMMENTER

VOTE  (0)  (0)

A plot of digital land just sold for $2.3 million on Axie Infinity, as the real-estate race heats up across the metaverse

Added 11-25-21 07:14:04am EST - “Plots of virtual land are now selling for millions of dollars in the metaverse as investors snap up digital real estate.” - Markets.businessinsider.com

CLICK TO SHARE

Posted By TheNewsCommenter: From Markets.businessinsider.com: “A plot of digital land just sold for $2.3 million on Axie Infinity, as the real-estate race heats up across the metaverse”. Below is an excerpt from the article.

Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy.

Disclaimer | Accessibility Statement | Commerce Policy | Made In NYC | Stock quotes by finanzen.net

The metaverse may only be in its infancy, but the real-estate wars are heating up. Another plot of digital land sold this week for more than $2 million in a virtual world, highlighting how much investors are willing to pay out to secure space before the metaverse really goes mainstream.

This time, it was a Genesis land plot on Axie Infinity. The play-to-earn platform said in a tweet on Wednesday that a piece of land had sold for 550 ether, worth over $2.3 million at current levels. Axie Infinity allows users to create digital pet axolotls to play games, buy land and other asets and win and sell axie-related non-fungible tokens (NFTs). It even has its own cryptocurrency - AXS - which is one of the most traded among metaverse-linked tokens.

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

Read more...

If you don't see any comments yet, congrats! You get first comment. Be nice and have fun.

Comment Box is loading comments...

CLICK TO SHARE

BACK TO THE HOME-PAGE