Marketplace & NFTs

Marketplace & NFTsAll you need to know about Marketplace & NFTs in Legends of Elysium (LoE)
In today’s entry, we’ll take a deep dive into an exciting aspect of Legends of Elysium (LoE), a digital card game that immerses its players in a vibrant and interactive fantasy world. This feature is none other than the Marketplace & NFTs.
Now, I understand that these terms could come off intimidating for some, so let’s break them down for a better understanding.
First and foremost, the Marketplace in LoE acts as a virtual trading platform. Imagine it as a bustling online bazaar where players can display and sell their in-game items, specifically their cards. But that’s not all; you can also view other players’ cards up for sale and purchase them if you wish.
Within this marketplace lie other facets such as Stake and Borrow NFTs. Don’t worry if these sound bizarre; let’s decode them one step at a time.
When we discuss staking and borrowing NFTs, we are essentially referring to investing your card’s value in a virtual system that will generate returns over time and allowing others to temporarily utilise the cards you own for a specified price.
NFT stands for Non-Fungible Token. These are unique digital assets whose scarcity and uniqueness give them value and are powered by blockchain technology. Each NFT is distinctive and can’t be substituted by any other; thus, your NFT cards in the LoE game are completely individual to you.
Now, the game allows players to stake their NFT cards. When a player stakes a card, its assigned value gets locked in and starts generating returns or staking rewards for its owners. However, there’s a catch. Once staked, a 7-day unlocking period is activated, during which the card is in limbo, not earning rewards. The cards can be reclaimed only after this period, and until then, they can’t be used in the player’s decks.
The concept of renting comes into play here. A staked NFT card is now available for other players to rent. A specific rental price is set for each card according to its staked value. Renting a card enables a player to temporarily use another player’s staked card in their deck. The renting phase lasts for a certain period, following which the card reverts to its owner.
To simplify, think of the staking process as planting a seed, nurturing it for a while, reaping the benefits later on, but during that growth period, allowing others to admire the beauty of your plant while you wait for it to bear fruit.
By offering this marketplace and NFT facet, LoE puts the power back in the hands of the players, providing them with the ability to truly own and control their in-game assets. Offering everyone the opportunity to not only partake in this gorgeous fantasy world but also to be a significant part of its economy.
Legends of Elysium breaks barriers by beautifully merging the realms of card gaming and blockchain technology. So get crafting, trading, staking, and renting, and delve into the magical world of Elysium!