While tech behemoths are filling their bags with billions of dollars worth of crypto, gamers are breaking new grounds in the NFT scene.
Since CryptoKitties went mainstream in November 2017, non-fungible tokens (NFT) have gained more traction. Some pundits argue they are tipped to dominate the industry in 2021.
Pokemon-inspired blockchain gaming platform Axie Infinity has reported a record new NFT sale set by two gamers. A user flying by the moniker “Flying Falcon” has doled out 888.25 ethereum (ETH) (approximately $1.5 million) to user “Danny” in exchange for nine Genesis plots of virtual land.
The purchase is the largest NFT sale in history. It almost doubles the previous record of $800,000 paid by Polyient Games for “Citadel Of The Sun.”
Landmark NFT Purchase
In a follow-up tweet, Axie Infinity was quick to address comments
questioning the purchase. It claimed that “Axie is quickly becoming a
country with its own citizens, its own economy, and national identity.”
The new owner of the digital estate also made his voice heard:
“We’re witnessing a historic moment; the rise of digital nations with their own system of clearly delineated, irrevocable property rights. Axie land has entertainment value, social value, and economic value in the form of future resource flows.”
The record sale comes within a week of the launch of the Ronin mainnet, an
Ethereum sidechain developed to solve scalability issues on Axie Infinity. The development was warranted by the need to improve the overall gaming experience and to grow the community.
Some key industry players, including Binance, will act as validators and ensure security by verifying transactions on the blockchain. A screenshot posted by Axie Infinity explains that it is already witnessing exponential growth. As of Feb 8, 2021, it had about 30,023 unique holder addresses, over six times the number from a year ago.
Non-Fungible Tokens have witnessed a meteoric rise in popularity in recent times. Their uniqueness and rarity have created an atmosphere for crypto gaming, arts, and collectibles to thrive.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
