Virtual land can be worth more than the real thing after plot sells for recor...
Digital land is breaking new ground in terms of the price it can fetch, sometimes beating out the real thing. A non-fungible token, or NFT, representing digital plots of land has sold for a record $1.5 million in the crypto-tamagotchi virtual ecosystem, Axie Infinity.The platform offers NFTs for ‘Axies’, fantasy creatures that inhabit a player-controlled virtual realm called “Lunacia.” On Feb. 8, a community member purchased nine digital land plots in Lunancia as one parcel for 888.25 Ether — worth more than $1.5 million at the time. Lunancia spans 90,601 plots of land in total, of which....
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We have good news and bad news. The virtual New York you’ve been waiting for is finally here, but it’s already sold out. On Next Earth, the NFT-based replica of our planet, some of the most expensive virtual real estate was in the digital replica of New York. Some lucky metaverse New Yorkers already own the likes of Central Park. That said, virtual Earth is big. With any area of Earth open for sale, there’s a powerful opportunity for NFT collectors to buy their own slice of the virtual planet. How Much Is Digital Land Really Worth? Every metaverse has its own NFT economy. The one in....
A virtual real estate investment firm has a new platform record for the most expensive digital land plot in Decentraland’s metaverse after spending $913,000 on 259 parcels. A virtual plot of real estate situated within the Ethereum-based open-world game, Decentraland, has sold for more than $913,000 — valuing the intangible property on par with the average price of a real world house in Brooklyn, New York.Virtual real estate is sold in the form of nonfungible tokens (NFTs) dubbed LAND in Decentraland, with the digital plot being sold to virtual real estate-focussed investment firm,....
Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link.Top Stories This WeekAxie Infinity virtual land slot sells out for 550 ETH A plot of virtual land in the widely popular monster-battling NFT game Axie Infinity sold for 550 Ether (ETH) this week, with the sum worth more than $2.2 million at the time of writing.The piece of virtual land was purchased on Thursday and is classified as....
According to the game's developers, it's the largest sum ever paid for virtual real estate. In a tweet posted by Axie Infinity late Thursday, a lucrative land plot within the monster-battle fantasy nonfungible tokens, or NFTs, game sold for 550 ETH ($2.3 million). Axies are creatures that users command to duel other players, battle enemies, and complete daily quests. They are also NFTs can be bred (minted), bought, and sold freely.✨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....
Everyone from individual users to big corporations is talking about the metaverse. The craze of the metaverse is real, so much so that even Facebook rebranded to Meta to be relevant in the space. At first, the hype around the metaverse seemed limited to playing games and interacting in virtual reality, but the users are doing much more than just playing games in the metaverse. Along with in-game accessories, users are also purchasing virtual land parcels and estates, with $900,000 being the highest price paid for a virtual plot of land. Even though the prices are increasing over time, so....