A plot of virtual land in the widely popular monster-battling NFT game Axie Infinity sold for 550 Ether (ETH) this week, with the sum worth more than $2.2 million at the time of writing.

The piece of virtual land was purchased on Thursday and is classified as Genesis, the rarest form of virtual real estate available in the Axie Infinity ecosystem. The game enables players to use Pokmon-like Axie monster NFTs to battle other players or complete challenges to earn blockchain rewards. Users can also buy, sell or rent land to other players.

 

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Powers On Why arent more law schools teaching blockchain, DeFi and NFTs?