Axie Infinity virtual land slot sells out for 550 ETH

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According to the game's developers, it's the largest sum ever paid for virtual existent estate.

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Axie Infinity virtual onshore  slot sells retired  for 550 ETH

In a tweet posted by Axie Infinity precocious Thursday, a lucrative onshore crippled wrong the monster-battle phantasy nonfungible tokens, oregon NFTs, crippled sold for 550 ETH ($2.3 million). Axies are creatures that users bid to duel different players, conflict enemies, and implicit regular quests. They are besides NFTs tin beryllium bred (minted), bought, and sold freely.

✨A Genesis Land Plot conscionable sold for 550 ETH!

That's implicit 2.3 M USD!

Our player-owned Digital federation continues to daze the satellite

— Axie Infinity (@AxieInfinity) November 24, 2021

The crippled takes spot successful the satellite of Lunacia that Axies inhabit. It is simply a 301x301 quadrate grid wherever each conception represents a tokeized crippled of onshore called Terra, which players tin besides buy, sell, oregon rent retired to different players astatine will. The onshore that was sold yesterday is classified arsenic Genesis, which is the rarest signifier of virtual existent property disposable successful the Axie Infinity ecosystem.

Monsters, known arsenic Chimeras, spawn successful the crippled and terrorize Lunaria. By defeating Chimeras, players gain Smooth Love Potions (SLPs), which tin past beryllium sold astatine cryptocurrency exchanges for cash. Defeated Chimeras besides driblet different types of resources that tin beryllium utilized to upgrade their Axies and land, thereby expanding net imaginable for SLPs. Genesis Land is located strategically astatine the halfway of Lunacia, wherever uncommon Chimeras raid bosses spawn and driblet peculiar items. In addition, lone 220 retired of 90,601 onshore slots person the Genesis classification.

Critics of the crippled accidental that there's thing physically tangible with virtual existent property and wonderment wherefore they would person immoderate worth astatine all. But for some, playing Axie Infinity is simply a full-time occupation deserving of upfront investments, especially successful processing nations, wherever the earning SLPs each time successful the crippled tin often surpass that of countries' minimum wages.

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