{"id":299515,"date":"2021-07-15T08:44:36","date_gmt":"2021-07-15T05:44:36","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/nft-game-creator-flips-axie-infinity-virtual-land-for-9200-gain-in-one-year\/"},"modified":"2021-07-15T08:44:36","modified_gmt":"2021-07-15T05:44:36","slug":"nft-game-creator-flips-axie-infinity-virtual-land-for-9200-gain-in-one-year","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/nft-game-creator-flips-axie-infinity-virtual-land-for-9200-gain-in-one-year\/","title":{"rendered":"# NFT game creator flips Axie Infinity virtual land for 9,200% gain in one year"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a387975a83ac\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a387975a83ac\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/nft-game-creator-flips-axie-infinity-virtual-land-for-9200-gain-in-one-year\/#Land_can_be_a_productive_asset\" >Land can be a productive asset<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># NFT <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a> creator flips Axie Infinity virtual land for 9,200% gain in one year <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvN2YwZDk5NmItNTNhYy00NjcyLWI2YTctODIwZGQxODAzODcyLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Kieran Warwick, the co-founder of forthcoming NFT-powered gaming metaverse Illuvium, has revealed he made a gain of more than 9,000% from flipping a virtual plot of land purchased from the Axie Infinity metaverse.<\/p>\n<p>Warwick, the brother of Synthetix founder Kain, recounts purchasing the plots during mid-2020, noting there \u201cweren\u2019t too many use cases\u201d for digital land at the time, with in-metaverse advertising and\u00a0 mining having yet to become common as utilities for virtual property.<\/p>\n<p>He purchased the plot for $300, and announced the sale a year later for $28,000 on July 13.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">I just sold a plot of land for 28K that I bought for $300. <\/p>\n<p>You think this isn&#8217;t going to be a revolution? <\/p>\n<p>What h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ens when your kid asks for your CC to play a game and comes back with bundles of cash?<\/p>\n<p>\u2014 Kieran (@KieranWarwick) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/KieranWarwick\/status\/1414605912971440136?ref_src=twsrc%5Etfw\">July 12, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Despite the lack of apparent utility, Warwick invested \u201cquite a bit into\u201d Axie Infinity based on \u201cthe promise for them to build out the metaverse.\u201d While players are still waiting for Axie to build out functionality for its land, Kieran notes the plots have increased in value by thousands of percent over the past year.<\/p>\n<p>\u201cBasically it was speculation, I just thought that play-to-earn in itself, which is this new paradigm of gaming which is taking off now, is going to bring so many players to this game. No matter what, if I buy a rare plot of land, it&#8217;s going to be worth some money,\u201d he said.<\/p>\n<p>Warwick has invested in digital land in four metaverse projects, but named only Axie Infinity and Mars.<\/p>\n<blockquote><p>\u201cI want to have land in all of the different games that I think are [&#8230;] going to grow in the next few years.\u201d<\/p><\/blockquote>\n<p>He likens his investment strategy to physical real estate, noting that investors look for new developments and other signs of growth when seeking to forecast whether property prices in a given suburb are likely to appreciate.<\/p>\n<p>\u201cIt&#8217;s the exact same principle in the metaverse,\u201d said Warwick. \u201cIf you feel like there\u2019s going to be popularity and there\u2019s going to be other people building next to you [&#8230;] then it\u2019s a no-brainer to buy these land plots. In almost every single case, they\u2019re very rare.\u201d<\/p>\n<blockquote><p>\u201cIf they mint 10,000 land plots, and then all of a sudden there\u2019s a million players, you can see that the scarcity there is going to really create some allure.\u201d<\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"Land_can_be_a_productive_asset\"><\/span>Land can be a productive asset<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Beyond speculative buy-and-hodl plays, Warwick emphasizes virtual real estate investors can put their land to work, noting that many landowners within Decentraland host advertising on their plots in the game.<\/p>\n<p>While he thinks \u201cadvertising opportunities are probably the biggest use case\u201d at the moment, Warwick predicts the utilities for virtual land will be \u201cendless\u201d as metaverses grow.<\/p>\n<p>Warwick also revealed that his own project will soon start selling land, emphasizing that Illuvium\u2019s virtual plots will have \u201ca use case from day one.\u201d<\/p>\n<p>He said that Illuvium will host a mini-game allowing virtual landowners to mine for an in-game mineral used to mint items within the game.<\/p>\n<p>\u201cYou can only mine it if you have land, so im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely there\u2019s a use case,\u201d Warwick said, emphasizing he does not want the sole utility of Illuvium&#8217;s real estate to be speculation: \u201cjust a stagnant thing where people buy, and it\u2019s only important if someone else wants to buy it.\u201d<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/nft-game-creator-flips-axie-infinity-virtual-land-for-9-200-gain-in-one-year\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# NFT game creator flips Axie Infinity virtual land for 9,200% gain in one year &#8221; Kieran Warwick, the co-founder of forthcoming NFT-powered gaming metaverse Illuvium, has revealed he made a gain of more than 9,000% from flipping a virtual plot of land purchased from the Axie Infinity metaverse. Warwick, the brother of Synthetix founder&#8230;<\/p>\n","protected":false},"author":1,"featured_media":299516,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvN2YwZDk5NmItNTNhYy00NjcyLWI2YTctODIwZGQxODAzODcyLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[78234,117,80,17813],"class_list":["post-299515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-virtual-property","tag-business","tag-games","tag-virtual-reality"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/299515","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=299515"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/299515\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/299516"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=299515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=299515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=299515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}