NFT: Virtual land sold for record $ 2.5 million

On Thursday, a plot of land in Axie Infinity, an animated, metaphorical pet training game, sold for a record $ 2.5 million.

According to a tweet from the game’s account, the Axie “Genesis” plot is known to be one of the rarest in the game, with only 220 in existence.

The virtual plot sold for 550 ETH – making it one of the highest sales for a single virtual plot of land.

Objects in the game, including plots of land and the axes themselves, are represented by NFTs – known as cryptographically unique assets that can be used to prove ownership of digital content.

The game has gained popularity over the past year and has become the most traded NFT collection ever in the third quarter of 2021.

The sale of “Genesis” land follows the purchase of virtual real estate in Decentraland on Monday for 618,000 MANA, or about $ 3.2 million.

That purchase was for an estate of 116 plots of land, according to Tokens.com, whose subsidiary in the Metaverse group made the purchase.

Over the last many months, interest in metaverse or shared virtual environments has increased.

The peak of interest comes after Facebook announced it was changing its company name to Meta in an attempt to signal an increasing focus on the sector.

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