Marketplace & NFTs: All You Need to Know About Marketplace & NFTs in Legends of Elysium (LoE)
In today’s post, we’ll explore an intriguing feature of Legends of Elysium (LoE), a captivating digital card game that plunges players into a dynamic and interactive fantasy universe. The spotlight is on the Marketplace & NFTs.
If you’re new to these concepts, don’t sweat it—let’s unpack them for clearer insight.
At its core, the Marketplace in LoE is a digital trading hub. Picture a lively online fair where gamers can showcase and sell their cards. But there’s more. You can also scout other players’ offerings and snap them up if they catch your eye.
The marketplace includes cool features like Stake and Borrow NFTs. If this jargon seems outlandish, have no fear, let’s break it down.
Staking and borrowing NFTs refers to, respectively, locking your card’s value in a system that accrues rewards over time, and letting others leverage your digitized cards for a fee.
NFT stands for Non-Fungible Token, which are one-of-a-kind digital assets whose rarity and originality make them valuable—backed by blockchain technology. Each NFT is singular and irreplaceable, making your NFT cards in the LoE game truly exclusive to you.
Players have the opportunity to stake their NFT cards. By doing so, the card’s value is temporarily put on hold, commencing the accumulation of staking rewards for the owner. However, there is a twist: once staked, the card enters a 7-day cooldown period where it’s out of commission, not accruing rewards. Only post-cooldown can you retrieve the card for play.
Here’s where card renting comes into play. A staked NFT card becomes available to rent by other players at a price reflective of its value. Renting allows a player to integrate someone else’s staked card into their deck temporarily. After the rental duration, ownership rights revert.
Visualizing staking as planting a seed—in the interim of waiting for harvest, you permit others to enjoy its splendor—is a simple analogy.
LoE empowers players with marketplace and NFT elements, granting true ownership and agency over in-game assets. Ensure your mark, not only in the immersive fantasy landscape but in its burgeoning economy as well.
By fusing card gaming with blockchain innovation, Legends of Elysium removes conventional boundaries. Immerse yourself in the fantastical realm of Elysium through crafting, trading, staking, and renting—your adventure awaits!