A piece of virtual land on blockchain marketplace and gaming platform Axie Infinity has just sold for a record-breaking sum in cryptocurrency. Coindesk reports:
At around 23:00 UTC on Monday, one of the platform’s newest community members, “Flying Falcon,” purchased the digital estate of nine adjacent Genesis blocks for 888.25 ether, roughly $1.5 million at the time.
The transaction marks the largest non-fungible token (NFT) transaction of all time, as tracked on-chain by crypto collectibles data site NonFungible. Formerly, the “Formula 1 Grand Prix de Monaco 2020 1A” NFT from F1 Delta Time held the record at $224,111 in ETH, the site told CoinDesk.
“As Genesis land plots are the rarest and best-positioned plots in Axie Infinity they were a natural fit for my thesis,” Flying Falcon told CoinDesk via email. “What we’re witnessing is a historic moment; the rise of digital nations with their own system of clearly delineated, irrevocable property rights.”
While the “epic 9” plot is by far the NFT sector’s largest sale to date, there are roughly three other plots going for much higher: from 100 to 10,000 ETH.
The post Virtual Property Sells for $1.5M in Ether, Smashing Nft Record appeared on Personal Finance News.
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