Axie Infinity NFT land

Grayscale Cash in Metaverse! NFT Game Axie Infinity Sells Record-High Virtual Land

Axie Infinity NFT land
More cash in the metaverse! Axie Infinity announces a virtual land NFT sold at 550 ether. The metaverse mania is inline with Grayscale’s forecast on the trillion-dollar metaverse market potential!

The NFT game Axie Infinity, developed by Sky Mavis and invested by Animoca Brands, is famous with its “Play-to-Earn” model. Currently, Axie Infinity is the most profitable NFT game, generating a 30-day revenue of $190 million.

In the Axie Infinity game, players can lead Axie monsters to battle, earn SLP tokens, and trade Axie monsters to earn AXS tokens.

Same as the Axies, every virtual land plot in Axie Infinity is an NFT. The LAND owner can build the Axie home base in the land plot. Also, the LAND owner can collect resources in the land plot – earning passive income in AXS tokens.

Axie Infinity’s LAND NFTs have a hard cap of only 90,601. The land plot just sold belongs to the Genesis zone, and there are only 220 in the kind.

Grayscale Predicts Trillion-Dollar Metaverse, Highlights Decentraland

The metaverse market has a huge potential, with annual revenues of over $1 trillion, according to a report by Grayscale, the largest crypto asset manager.

Grayscale predicts the revenue of the virtual game world will increase from $180 billion in 2020, to $400 billion in 2025.

Additionally, Grayscale highlights Decentraland in the report: “Projects like Decentraland are creating an open-world metaverse where users can log in to play games, earn MANA, with which users can purchase NFTs, including LAND or collectibles.”

This week, Decentraland (MANA) sold a virtual land plot at record-high $2.5 million to Tokens.com.

The metaverse continues to be a market hit, with multiple record sales of virtual lands in NFT blockchain games. Additionally, sports brand adidas Original has acquired a 12 x 12 land plot in The Sandbox. The Sandbox is a metaverse platform under the NFT gaming unicorn Animoca Brands.

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