Marketplace & NFTs: Everything you need to know about Marketplace & NFTs in Legends of Elysium (LoE)
In today’s entry, we’re going to explore an enthralling feature of Legends of Elysium (LoE), the digital card game that entices its players with a rich, interactive fantasy universe. This aspect is the Marketplace & NFTs.
Some of you might find these concepts a bit daunting, so let’s simplify them for clearer insight.
First off, the Marketplace in LoE serves as an online trading hub. Picture this as a vibrant digital marketplace where gamers can exhibit and vend their in-game assets, particularly their cards. But there’s more to it; one can also peruse and procure cards put up for sale by other players.
Within this digital bazaar, we stumble upon additional elements like Stake and Borrow NFTs. If these terms seem alien, fear not; we’ll decipher them gradually.
Discussing staking and borrowing NFTs essentially involves investing the value of your card in a virtual scheme to accrue returns over time, as well as permitting others to temporarily employ your cards for an agreed sum.
NFT stands for Non-Fungible Token. These are distinct digital assets with value rooted in their rarity and uniqueness, underpinned by blockchain technology. Each NFT is individual and irreplaceable; thus, your NFT cards in LoE are uniquely yours.
In the game, players can stake their NFT cards. Staking a card commits its value and initiates the accumulation of returns or staking rewards. But be mindful, once you stake, a 7-day unlocking phase ensues, throughout which the card doesn’t accrue rewards. Only after this interval can cards be retrieved, and they’re unplayable in your decks in the meanwhile.
Here’s where renting comes into the equation. A staked NFT card can be borrowed by other players. A rental fee is set for each card based on its staked worth. Renting allows one to utilize another player’s staked card in their own deck temporarily. Following a definitive period, the card returns to its proprietor.
To put it simply, staking is like planting a seedling, tending to it, and eventually enjoying the yield, whilst during this gestation, others can appreciate the splendour of your plant as it blooms.
With its Marketplace and NFT system, LoE empowers players to genuinely own and manage their in-game properties. It provides everyone with a chance not only to immerse themselves in the stunning realm of Elysium but to play a vital role in its market too.
Legends of Elysium is pioneering by seamlessly blending the world of card games with blockchain technology. So start crafting, dealing, staking, and hiring, and immerse yourself in the enchanting domain of Elysium!