Virtual land plot in Vietnamese game sells for $2.5 million

An Axie Infinity gamer sold his virtual land plot for 550 Ethereum, or $2.5 million, several days ago. This was one of the most expensive land plots ever sold in the cryptocurrency market.

Virtual land plot in Vietnamese game sells for $2.5 million

The land plot, located in Genesis, the area described by the developer of Axie Infinity, is a rare one.

Axie Infinity builds a universe of pets called ‘axies’. Players regulate their army of axis to struggle with other players and receive awards. They also can breed axies to create new portraits, or own land areas in the game.

Genesis is an area located in the center of Luciana, the homeland of axies. There are 90,601 land plots in the area belonging to 17,000 owners. Genesis, where there is the land plot which has been successfully sold, is considered the ‘golden land’ area with 220 land plots in total.

The land plots all can be offered for sale because they are designed under the NFT form. In addition to entertainment value, the owners of the virtual land plots can also receive economic and social values under the form of resources in the future. That is why virtual land plots in Axie Infinity are so expensive.

Prior to that, in February 2021, nine land plots in Axie Infinity were offered at 888 Ethereum, or $1.5 million at that moment, or $4 million now.

Axie Infinity is a blockchain-based game developed by Sky Mavis, a studio game where the majority of staff members are Vietnamese. Axie Infinity is a global phenomenon as people can play games and earn money when playing. Analysts believe that the phenomenon opens a new movement to ‘game play to earn’ in the cryptocurrency market.

Axie Infinity has good graphics and attractive gameplay. Acie Infinity players can exchange and buy/sell characters with each other. Bonus points in the game can be converted into money for buying or selling to other players thanks to Blockchain technology. Moreover, players can also make money by speculating in virtual land, or buying these land plots to enjoy long term benefits from owning resources.

 

Axie Infinity now has 2 million daily active players. The total transaction value of characters in the game has reached $3.4 billion.

The players of Axie Infinity are diverse, including not only cryptocurrency investors but also office workers, housewives and those who have lost jobs because of Covid-19.

Sky Mavis, with five founders, in early October confirmed that it had successfully called for $150 million worth of capital in series-B round that saw participation from Andreessen Horowitz (A16Z). The firm was valued at $3 billion.

A16Z mostly invests in technology firms in the growth stage, focusing on the mobile phone industry, e-commerce, education and IT. 

Trong Dat

Vietnamese blockchain games to be released

Vietnamese blockchain games to be released

When worldwide players are still eager for Made-in-Vietnam Axie Infinity, other Vietnam's blockchain game projects will be released in the near future.

Vietnamese creator of Axie Infinity raises US$152 million in funding

Vietnamese creator of Axie Infinity raises US$152 million in funding

Vietnamese game producer Sky Mavis, the creator of the blockchain-based game Axie Infinity, has successfully raised US$152 million as part of its Series B funding round, according to Blockworks.

 
 

Other News

.
EURO 2021 schedule, materials for online learning top internet searches in Vietnam in 2021
EURO 2021 schedule, materials for online learning top internet searches in Vietnam in 2021
SCI-TECH & ENVIRONMENTicon  11/12/2021 

Google has announced the Top 10 trending searches in Vietnam 2021 which show the great impact of the Covid-19 pandemic.

3rd Vietnamese wins Noam Chomsky Award
3rd Vietnamese wins Noam Chomsky Award
SCI-TECH & ENVIRONMENTicon  11/12/2021 

Tran Le Huu Nghia - a Vietnamese origin doctor - is the third Vietnamese to receive the A. Noam Chomsky Global Connection Award.

Vietnam encounters challenges launching Mobile Money service nationwide
Vietnam encounters challenges launching Mobile Money service nationwide
SCI-TECH & ENVIRONMENTicon  11/12/2021 

The introduction of the Mobile Money service in Vietnam raises a question of its possible attractiveness, as people can easily use the Internet for their financial activities.

Vietnam’s tech businesses prosper amid pandemic
Vietnam’s tech businesses prosper amid pandemic
SCI-TECH & ENVIRONMENTicon  10/12/2021 

Since the Covid-19 pandemic began, technology businesses have shown their potential by maintaining an impressive growth momentum.

Huge potential for digital economic development in Vietnam: report
Huge potential for digital economic development in Vietnam: report
SCI-TECH & ENVIRONMENTicon  10/12/2021 

Bain & Company, in association with Tech for Good Institute – TFGI, has released a report on the platform economy in Southeast Asia, focusing on the Vietnamese market.

Digital transformation to be main driver for Vietnam’s economic recovery, development
Digital transformation to be main driver for Vietnam’s economic recovery, development
SCI-TECH & ENVIRONMENTicon  09/12/2021 

The National Forum for Development of Digital Technology Businesses 2021 will discuss solutions that will enable digital transformation to be the driving force for economic recovery and development.

Digital transformation: one touch buys a bus ticket
Digital transformation: one touch buys a bus ticket
FEATUREicon  09/12/2021 

Digitizing public transport has led to practical benefits for consumers.

Former well-known hacker to publish autobiography
Former well-known hacker to publish autobiography
SCI-TECH & ENVIRONMENTicon  09/12/2021 

Ngo Minh Hieu, or Hieupc, who once operated a massive international hacking and identity theft scheme, has revealed that he will publish a book about his life, especially the time in jail in the US.

CNN broadcast highlights sneakers made from coffee grounds
CNN broadcast highlights sneakers made from coffee grounds
SCI-TECH & ENVIRONMENTicon  08/12/2021 

Vietnamese sneakers made from discarded coffee grounds and plastic bottles have been introduced by CNN in their “Innovate” programme.

Vietnam accounts for nearly half of brute-force attacks versus RDP
Vietnam accounts for nearly half of brute-force attacks versus RDP
SCI-TECH & ENVIRONMENTicon  08/12/2021 

Kaspersky detected more than 47 million remote desktop protocol (RDP) threats in Vietnam in the first half of 2021, accounting for nearly half of all cases in Southeast Asia.

Over 1,000 organizations in Vietnam capable of supporting startups
Over 1,000 organizations in Vietnam capable of supporting startups
SCI-TECH & ENVIRONMENTicon  08/12/2021 

Vietnam currently has over 1,000 organizations capable of supporting startups, including technology startups, with 202 coworking zones, 79 business incubators and 38 business promotion organizations.

Mondelez Kinh Do achieves 95% progress on sustainable packaging goals
Mondelez Kinh Do achieves 95% progress on sustainable packaging goals
SCI-TECH & ENVIRONMENTicon  06/12/2021 

Mondelez Kinh Do continues to make progress towards its ambitious commitments to reducing the environmental impact of packaging and tackling plastic waste.

Student start-up uses UVC light to kill viruses
Student start-up uses UVC light to kill viruses
SCI-TECH & ENVIRONMENTicon  06/12/2021 

A group of students from Ly Tu Trong College (HCM City) came up with an idea to integrate UVC light in refrigeration units to eliminate viruses and bacteria, including SARS-CoV-2. 

HCMC records lowest temperature since beginning of 2021
HCMC records lowest temperature since beginning of 2021
SCI-TECH & ENVIRONMENTicon  05/12/2021 

Deputy Head of the Forecasting Division of the Hydro-meteorological Station in the Southern Region Le Dinh Quyet informed that HCMC recorded the lowest temperature of 22oC in the early morning of December 4 since the beginning of the year.

The business story of famous Vietnamese streamers
The business story of famous Vietnamese streamers
FEATUREicon  05/12/2021 

It is difficult to find success when doing business, and even streamers with good financial backgrounds are no exception.

Wildlife conservation: Risks and efforts
Wildlife conservation: Risks and efforts
SCI-TECH & ENVIRONMENTicon  04/12/2021 

According to the Wildlife Conservation Society (WCS), in the period from 2013-2017, Vietnam recorded 1,504 wildlife rule violations involving 1,461 suspects.

Major amazing astronomical phenomena to be observed this December
Major amazing astronomical phenomena to be observed this December
SCI-TECH & ENVIRONMENTicon  03/12/2021 

Astronomy lovers will have the unique chance to enjoy major amazing phenomena in December this year, according reports by the Hanoi Amateur Astronomy Society (HAS).

Vietnam must stay on the digital transformation path: Prime Minister
Vietnam must stay on the digital transformation path: Prime Minister
FEATUREicon  04/12/2021 

Prime Minister Pham Minh Chinh chaired the first meeting of the committee via a videoconference on November 30, 2021.

Scuba diver spent nearly two decades cleaning up the ocean
Scuba diver spent nearly two decades cleaning up the ocean
SCI-TECH & ENVIRONMENTicon  04/12/2021 

Scuba diver Nguyen Van Duc is dedicated to cleaning the ocean and he hopes his work will inspire others to do the same.

Marine plastic waste an urgent issue in coastal Vietnam
Marine plastic waste an urgent issue in coastal Vietnam
SCI-TECH & ENVIRONMENTicon  03/12/2021 

Vietnam needs to carry out practical measures to manage and reduce marine plastic waste to ensure sustainable development of the fishery industry, according to experts at a workshop held in Hanoi on Wednesday.

 
 
 
Leave your comment on an article

OR QUICK LOGIN