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NFT-Based Plot of Land Sells for over $2M

NFT-based real estate investments are proving to be worth every penny nowadays. Everywhere you turn, there seems to be a story about an NFT piece selling for a jaw-dropping figure. 

Last Wednesday, one extravagantly rich investor, identified as “Lunacian #789512,” exchanged 550 Ethereum tokens for a genesis plot of land on Axie Infinity. 

Here’s the most expensive NFT-Based land ever

The purchased tract is one of Genesis’ 220 landed properties on the NFT-based online game.

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Using the CoinMarketCap cryptocurrency converter, the 550 Ethereum token paid for the plot returned a value of $2.2 million, making it the most expensive single piece of digital land ever bought.

Newsbsc NFT-based ot of land

Earlier in February this year were traded for 888 Ethereum, that’s well over $3 million at press time.

The NFT and metaverse industry has experienced a boom in recent months, owing to Facebook’s decision to change its name to metaverse.

Axie Infinity is a play-to-earn NFT-based game built on the Ethereum blockchain.

About Godwin

Godwin is a multi-faceted writer. He covers the latest and most significant news in the crypto industry for Newsbsc. Aside from his work here, he writes exceptional SEO optimized web contents for other websites in different sectors.

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