It’s no surprise that Axie Infinity plots are selling for high prices. The popular play-to-earn game is now the most traded NFT series of all time. However, no one could have predicted yesterday’s record-breaking sales.
The land is becoming a prized commodity within the game, and yesterday’s sale proves it. A rare Axie Infinity land sold for 550 ETH, or about $2.48 million in today’s market. This particular land is known as the “Genesis” land, and it is one of the rarest lands in the game. In fact, there are only 220 Genesis plots in existence.
Axie Infinity is one of the largest of all Play to Earn games. The hugely successful Pokémon series inspired this blockchain-based game. In the game, you can collect, breed, raise and battle adorable creatures called Axies. In addition, players earn the cryptocurrency Smooth Love Potion (SLP) by battling against each other.
In addition, all Axie Infinity in-game items are NFT, including lands, clothing, and even Axie creatures.
The popularity of Axie Infinity
In the third quarter of 2021, Axie Infinity traded at $2.5 billion, making it the most traded NFT game in that quarter.
Along with the rise in popularity of the Play to Earn NFT game, Axie Infinity has announced a number of upgrades. In October, the team announced AXS Staring. AXS Staring allows users to lock their AXS to the Ronin sidechain, giving them additional AXS rewards. It has been very popular, with user activity up by over 90% since its implementation.
Finally, people are now realizing the importance of owning land within Axie Infinity, and prices are going up like crazy. In fact, it won’t be long before Axie Infinity’s land sales records are broken again.