Marketplace & NFTs: All You Need to Know About Marketplace & NFTs in Legends of Elysium (LoE)
In today’s article, we’ll delve into a particularly enthralling facet of Legends of Elysium (LoE), an online card game that plunges its players into a rich and dynamic fantasy universe. The feature under the spotlight is, no other than, the Marketplace & NFTs.
I recognise that these concepts may initially appear daunting to some, so allow me to elucidate for enhanced comprehension.
At the heart of the matter, the Marketplace in LoE serves as a digital trading space. Picture it as a thriving internet marketplace where players can exhibit and vend their in-game items – their cards, to be precise. Furthermore, you’re free to browse and potentially acquire other players’ cards that are on offer.
Nested within this marketplace are other elements like Stake and Borrow NFTs. If these terms seem peculiar, fret not; we shall unpack them gradually.
Discussing staking and borrowing NFTs corresponds to lodging your card’s value in a virtual scheme that accrues returns over a stretch of time and permitting others to employ the cards you possess temporarily, at an agreed rate.
NFT stands for Non-Fungible Token. These novel digital assets derive their worth through rarity and distinctiveness, bolstered by blockchain technology. Each NFT is singular and irreplaceable, making your NFT cards in the LoE game exclusively yours.
The game sanctions players to stake their NFT cards. By staking a card, its estimated value gets secured and it starts amassing returns or staking dividends for its proprietor. Yet, a stipulation exists. On being staked, a card instigates a 7-day unlocking period, where it is neither productive nor earning rewards. A player can only regain their card post this duration, during which it remains ineligible for deck inclusion.
This is where the concept of renting comes into the equation. A staked NFT card becomes available for others to hire. Each card’s specific rental fee is dictated by its staked value. Renting permits a player to temporarily incorporate another player’s staked card into their deck. After the rental duration lapses, the card reverts to its rightful owner.
To put it in simpler terms, envisage the staking procedure as sowing a seed, nurturing it, awaiting the harvest, but meanwhile permitting others to bask in your plant’s splendour as you anticipate its yield.
By introducing the marketplace and NFT component, LoE empowers players, granting them genuine ownership and governance over their in-game assets. It invites all to engage in this breathtaking fantasy realm and play a pivotal role within its economy.
Legends of Elysium is revolutionising the scene by seamlessly integrating the spheres of card game gameplay with blockchain technology. So engage in crafting, trading, staking, and renting, and immerse yourself in the enchanting world of Elysium!