In a tweet from Axie Infinity late Thursday, an inedible, inedible monster battle fantasy game, also known as NFT, sold for 550 ETH ($ 2.3 million). Axies are creatures that the user commands to fight other players, fight enemies and complete daily quests. They are also NFTs that can be freely grown (poured), bought, and sold.
✨A Genesis plot has just been sold for 550 ETH!
That’s over $ 2.3 million!
Our gamer-owned digital nation continues to shock the world pic.twitter.com/SVvAtFNYUF
– Axie Infinity (@AxieInfinity) November 24, 2021
The game takes place in the world of Lunacia, which Axies inhabits. It is a square grid of 301 × 301, with each piece representing a tokenized plot of land called Terra, which the player can also buy, sell or lease to other players at will. The land sold yesterday is classified as Genesis, the rarest form of virtual real estate 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 on cryptocurrency exchanges for cash. Defeated chimeras also drop other types of resources that can be used to upgrade their ax and land, increasing the income potential for SLP. Genesis Land is strategically located in the heart of Lunacia, where rare chimera raid bosses spawn and drop special items. Additionally, only 220 of the 90,601 ground slots have a Genesis classification.
Game critics say that nothing is as tangible as virtual real estate and wonder why it has value. But for some, playing Axie Infinity is a full-time job well worth the upfront investment, especially in developing countries, where the SLPs per day earned in the game are often above the countries’ minimum wages.