Axie Infinity Records Most Expensive Axie Land ($2.3M) Sale

The most expensive Axie land sale in the non-fungible token (NFT) game Axie Infinity cost 550 ETH (worth more than $2.3 million). Announcing the purchase on Twitter, Axie Infinity celebrated the milestone and described it as a major feat for the “player-owned” digital nation.

✨A Genesis Land Plot just sold for 550 ETH!

That’s over 2.3 M USD!

Our player-owned Digital nation continues to shock the world ???????? pic.twitter.com/SVvAtFNYUF

— Axie Infinity???????? (@AxieInfinity) November 24, 2021

While some spectators may find the most expensive Axie land sale absurd, many gaming enthusiasts are willing to pay such an amount to own a property in a prime location in the NFT world.

At the same time, the explosive growth of the non-fungible tokens (NFTs) market in recent months has attracted the attention of avid art creators and collectors from both within and outside the cryptocurrency industry.

Almost everything is now being tokenized and turned into NFTs, even the most ridiculous things. From sports playing cards, artworks, music, and sports tickets, to tweets, cats, frogs, and even stones.

Most Expensive Axie Sale Continues Rise of Axie Infinity

Prior to the most expensive Axie land sale, Axie Infinity has grown to become one of the biggest play-to-earn NFT games in the industry. The Pokemon-inspired Metaverse allows players to collect, raise, breed, and battle in a land-based universe. 

Launched in 2018, Axie Infinity has made a name for itself, attracting millions of users from different parts of the world. The NFT game currently has over 2 million daily users, with daily trading volumes even reaching peaks of $40 million, according to data from CryptoSlam.

Just last month, Axie Infinity’s developer, Sky Mavis, raised $152 million in a Series B funding round led by Andreessen Horowitz. It noted that the funding would go toward expanding Axie Infinity’s reach, upgrading its gaming platform, and launching its Ronin-based decentralized exchange.

Interest in NFTs Continues to Surge

With the rapidly growing rate of the NFTs market, several crypto and non-crypto firms are leveraging the emerging market to encourage user engagement. For instance, Coinbase is launching an NFT marketplace to capture growing interest in the asset class.