There is a virtual land.
Artur Debat is a person.
The real-estate wars are heating up as the metaverse is in its infancy. This week, a plot of digital land sold for more than $2 million in a virtual world, showing how much investors are willing to pay to secure space before the metaverse really goes mainstream.
This time it was a Genesis land plot. A piece of land has been sold for over $2 million, according to the play-to-earn platform. Users can create a digital pet axolotls to play games, buy land and other items, and win and sell non-fungible token (NFTs). One of the most traded metaverse-linked token is AXS.
"We believe this is the largest sum ever paid for a single plot of digital land," Axie said.
The project's biggest sale was worth 888.25 ether for nine plots of land, which was worth over 1.5 million at the time it was sold in February.
Sky Mavis, a Vietnam-based company, created Axie Infinity, which is one of the biggest non-fungible token platforms in the world.
The metaverse platform has a lot of NFTs. The creators of the metaverse, the Tyler and Cameron Winklevoss, recently raised funds to build out their own virtual reality.
Another property was sold on Decentraland on Tuesday. The price tags for these homes are more expensive than those for homes in some of the US's most expensive cities.
The value of cryptocurrencies linked to the virtual world has risen steeply due to the growing momentum in the metaverse. In the last week alone, Decentraland's token has gained 38%, the sand of Sandbox has risen 74% and the Gala Games' gala has risen 150%.
Business Insider has an original article.
