- Axie Infinity is the most traded NFT collection in Q3 2021, emerging as the second most popular blockchain gaming token.
- Digital land plot on Axie Infinity metaverse sold for 550 ETH, a record high in the play-to-earn gaming ecosystem.
- Sky Mavis, developers of Axie Infinity, plan to sell 90,000 plots of land to create news games within the ecosystem.
Axie Infinity is one of the most popular blockchain games among Ethereum whales. AXS token has posted 85% gains over the past 90 days. The game developers plan on nurturing the play-to-earn gaming ecosystem by powering new games on digital plots of land.
Digital plot of land sells for 550 ETH on Axie Infinity
Axie Infinity, the play-to-earn game, rewards players with tokens for winning battles and conquests. The blockchain game relies on the addition of new players in the ecosystem for the Axie economy’s growth, therefore analysts question the sustainability of the game.
Sky Mavis, the Axie Infinity developers, plans to sell 90,000 plots of digital land in the game’s ecosystem. Developers have an opportunity to buy these digital plots and build their blockchain games in the Axie Infinity ecosystem.
The popular metaverse game recently hit a milestone, selling a digital plot for 500 ETH, or the equivalent of $2.5 million. Axie Infinity has confirmed that this is the highest price for a digital plot of land in the metaverse.
Yesterday, an Axie Genesis Plot sold for 550 ETH!
— Axie Infinity (@AxieInfinity) November 25, 2021
This was the largest sale ever for a single plot of digital land ✨
Learn about Land https://t.co/6zPh0roPqG pic.twitter.com/4h5yERCwwO
Back in February 2021, Axie Infinity sold nine plots of digital land for $1.5 million.
AXS token has struggled to recover from a nearly 20% drop below its all-time high of $164.90. Eric Krown, a cryptocurrency analyst, is bullish on AXS price and expects a recovery. Krown has set a target of $180 for AXS price. In his recent YouTube video, Krown said:
Axie Infinity has more or less a bullish setup... A daily closure above $150 or so will imply a target above $180, a little bit higher than that actually.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Bitcoin Weekly Forecast: BTC nosedives below $95,000 as spot ETFs record highest daily outflow since launch
Bitcoin price continues to edge down, trading below $95,000 on Friday after declining more than 9% this week. Bitcoin US spot ETFs recorded the highest single-day outflow on Thursday since their launch in January.
Bitcoin crashes to $96,000, altcoins bleed: Top trades for sidelined buyers
Bitcoin (BTC) slipped under the $100,000 milestone and touched the $96,000 level briefly on Friday, a sharp decline that has also hit hard prices of other altcoins and particularly meme coins.
Solana Price Forecast: SOL’s technical outlook and on-chain metrics hint at a double-digit correction
Solana (SOL) price trades in red below $194 on Friday after declining more than 13% this week. The recent downturn has led to $38 million in total liquidations, with over $33 million coming from long positions.
SEC approves Hashdex and Franklin Templeton's combined Bitcoin and Ethereum crypto index ETFs
The SEC approved Hashdex's proposal for a crypto index ETF. The ETF currently features Bitcoin and Ethereum, with possible additions in the future. The agency also approved Franklin Templeton's amendment to its Cboe BZX for a crypto index ETF.
Bitcoin: 2025 outlook brightens on expectations of US pro-crypto policy
Bitcoin price has surged more than 140% in 2024, reaching the $100K milestone in early December. The rally was driven by the launch of Bitcoin Spot ETFs in January and the reduced supply following the fourth halving event in April.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.