In a tweet posted by Axie Infinity late Thursday, a land plot in the game Axie Infinity sold for 550 ETH ($2.3 million).
Axies are creatures that the user commands to battle with other players, enemies, and complete daily quests. They are also NFTs that can be created (minted), bought and sold freely.
Yesterday, an Axie Genesis Plot sold for 550 ETH!
This was the largest sale ever for a single plot of digital land ✨🔥
— Axie Infinity🦇🔊 (@AxieInfinity) November 25, 2021
The game takes place in the world of Lunacia, inhabited by the Axies. It’s a 301 x 301 square grid, where each section represents a coded plot of land called Terra, which players can buy, sell or rent out to other players at will.
The land sold yesterday is classified as Genesis, which is the rarest form of digital real estate available in the Axie Infinity ecosystem.
Monsters, called Chimeras, appear in the game and terrorize Lunaria. By defeating Chimeras, players earn Smooth Love Potions (SLP), which can then be sold at cryptocurrency exchanges for cash.
Defeated Chimeras also drop other types of resources that can be used to upgrade their Ax and land, thus increasing the earnings potential for SLPs. Genesis Land is strategically located at the center of Lunacia, where rare Chimeras raid bosses spawn and drop special items. In addition, only 220 out of the 90,601 land slots have the Genesis classification.
Game critics say that there’s nothing tangible and wonder why they’re so valuable. But for some, playing Axie Infinity is a full-time job deserving the investment, especially in developing countries where earning SLPs every day in the game can often surpass those countries’ minimum wages.