Axie Infinity Land NFT sells for 2.3 million USD, surpassing CoinQuora’s record

Axie Infinity Land NFT sold for $2.3 million, breaking the record

  • The price of Genesis Land Plot is 550 ETH (US$2.3 million).
  • Back in February, 9 Genesis plots were sold for 888.25 ETH ($1.5 million).
  • The platform also recently announced a breeding event for their players.

The leading GameFi and Play-to-Earn project, Axie Infinity, once again made headlines, and Genesis Land Plot was priced at 550 ETH-worth $2.3 million at the time of sale. According to the Axie Infinity team, this is “the largest amount ever paid for a single piece of digital land.”

As early as February, the previous highest sales record for the project was 888.25 ETH for 9 Genesis plots-valued at $1.5 million at the time of sale. At present, Axie Infinity ranks first in the largest sales ever with sales of more than 3.3 billion U.S. dollars, surpassing CryptoPunks of 1.6 billion U.S. dollars.

Axie Infinity is a Play-to-Earn gaming ecosystem that allows its users to mint non-fungible tokens called Axies by breeding, playing games, and earning cryptocurrency (Smooth Love Potion).

At present, more than 9 million Axies have been cast, and the platform has not stopped there. The team recently announced that they are holding a breeding event and will give a rare NFT as a reward to the person who bred the 10 millionth Axie.

The project also recently released its own decentralized exchange Katana, where users can buy and sell cryptocurrencies and earn money by providing liquidity.

Continue reading CoinQuora

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