Categories: Ethereum

The virtual slot Axie Infinity is sold out for 550 ETH

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.

https://twitter.com/AxieInfinity/status/1463604552335335429?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener
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.

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

RenAIssance Summit: Discover Real AI Power!

Get ready for the ultimate AI event of the year at the RenAIssance: Real Not-Bluffing…

2 hours ago

LayerZero Critical Vulnerability Denied Amid Allegations Questioning Protocol Design

A LayerZero critical vulnerability is being suspected by users, causing CEO Bryan Pellegrino to speak…

2 hours ago

Joe Biden Presidential Campaign Is Being Supported by the Crypto Community to Quit

Polymarket punters now estimate a 44% chance Joe Biden presidential campaign will end before November.

3 hours ago

Mpeppe (MPEPE) Reveals Its New Features Stopping Pepecoin (PEPE)’s Chance Of Reaching Top 10 Cryptos

Pepecoin (PEPE) has long been a trailblazer in the meme cryptocurrency space, leveraging the viral…

17 hours ago

These 4 Altcoins Are Guaranteed To Give You The Easiest 100X Of Your Life

This guide explores 4 altcoins guaranteed to give you the easiest 100x of your life:…

22 hours ago

Floki Inu Scam Warning Announced Due to Increase in Counterfeit Tokens

Floki Inu scam warning is notified to users about unauthorized tokens falsely associated with its…

1 day ago

This website uses cookies.