The game takes place in the world of Lunacia, which is inhabited by Axies. It is a 301 x 301 square grid where each section represents a tokenized plot of land called Terra, which players can also buy, sell or rent out to other players at will. The land that was sold yesterday is classified as Genesis, which is the rarest form of virtual real estate available in the Axie Infinity ecosystem.
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Source: Cryptocurrency - investing.com