Axie Infinity Launches its Land Sale, Sees Record First Day Sales

Axie Infinity one of the top blockchain-based games, launched the sale of parcels of land within its online virtual world, Lunacia. The total plots of land are limited, making them a highly sought after collectible and gaming item. The company opened the sale of 25% of the total land in Lunacia, with future sales planned for the rest of the year.

Utility and Rights

The land in Axie Infinity’s Lunacia is based on the ERC721 standard, which has become the default standard for issuing non-fungible tokens on Ethereum. However, unlike many other crypto-collectibles, the Land sold here has both immediate utility in the game and also a collectible value.

More interestingly, the land in Lunacia is like regular land in the ‘real world’ in that it also provides rights to assets tied to the land, and the use of that land by others. This means players could decide to passively hold land and still be rewarded by ‘loot’ collected by other players. For a more complete gameplay, check out this post by the team.

The additional utility and ability to own and collect assets passively has made Land in Axie Infinity much more appealing to both active crypto and non-crypto gamers, and also regular crypto investors who see the potential of the game and are generally bullish on blockchain gaming.

LUNA Token

The team also announced the launch of LUNA token, an ERC20 token on Ethereum with utility inside the Axie Infinity and Lunacia ecosystem.

By using a token for certain specific in-game assets and actions, the team is better able to control the economics of the game, and balance it with gameplay, while protecting existing players against unnecessary inflation. In addition, the team will give LUNA grants to third-party developers to help grow the ecosystem.

Current Sale

The current sale already sold out around 20% of the total within a day. Parts of the land is expected to sell out in a few days, given its scarcity and general interest from the players.

If you buy Land in the pre-sale and use this link, you’ll get 10% of the ETH spent back as LUNA tokens, which you can use to buy land again, or hold on to the LUNA tokens for other uses shown above.