CoinGames is overjoyed to announce the launch of our NFT collection on May 29th! The Rising Legends collection will provide its holders a myriad of benefits that we’ll explain in the course of this article. We are also excited to announce that users and not will be able to buy our collection on the Magic Eden, one of the most popular NFT marketplaces in the sector. We’ll also be instructing you on how to buy one of our amazing NFTs on Magic Eden in a section below.
Crypto casinos all over the world are decentralizing and revolutioning the gaming industry, giving users a more transparent and facilitated playing experience. These crypto and blockchain applications are moving the entire industry toward a more decentralized future, when other platforms will be able to offer massive benefits to their users. NFTs are part of this transition, amnd we are sure you will love our Rising Legends collection just as much as we do.
The NFT Market in Recent Years
NFT sales exploded in 2021 before hitting a slump the following year that lasted into 2023. The market has since rebounded, and now Solana dn Bitcoin NFT sales are soaring through the roof on Magic Eden.
- According to Analytics Insight, “the NFT market exploded in 2021, reaching its apex with over $17.6 billion, which was an increase of 21,000%.”
- In early and mid-2022, the NFT market recorded some of its best weeks on record. However, in October of the same year, sales of digital assets plummeted by 90%.
- For over a year, the NFT market persisted in a downward spiral, with just a few small recovery attempts. The big jump came in December 2023, when NFT sales eceeded $1.5 billion, according to Forbes. This ascent has fortunately continued into 2024.
- Just last week, Bitcoin and Solana NFTs saw records in daily active traders: Solana reached its all time high with almost 60,000 traders. Interestingly enough, 74% of Solana’s digital asset trading volume occurred on Magic Eden, the very platform where our Rising Legends collection will be availble. Let’s take a look at how you can get one of our collectibles on Magic Eden.
Rising Legends NFTs on Magic Eden
Magic Eden’s popularity is not new to digital collectible enthusiasts. CoinGames is overjoyed to have partnered with such a renowned institution in the Web3 space. Here’s why and how you can also become a holder of our amazing NFTs starting on May 29th.
- Magic Eden is the most popular NFT marketplace on the Solana blockchain, rivaling Ethereum, which leads the NFT market in all-time sales volume.
- In August 2022, Magic Eden announced it was going multichain, expanding its catalog to include Ethereum NFTs – while its primary ecosystem remains Solana.
- To buy a Rising Legends CoinGames NFT on Magic Eden, all you will need is Phantom, the classic Solana crypto wallet, as well as just enough SOL to buy the NFT and pay the transaction fee on the Solana blockchain. The price of a Rising Legends NFT will be 0.5 SOL – roughly USD$68 at the time of writing.
Rising Legends NFTs and Their Benefits
At CoinGames, we want to offer our users the best possible experience while playing on our platform and have therefore designed and programmed a rewards-based benefit system when it comes to our NFT collection. Users will therefore receive sneak peeks of upcoming games, exclusive prizes and even the chance to generate their very own tokens by essentially doing nothing! Through our NFT collection, we aim to provide users with unique and rewarding experiences to enhance their decentralized gaming journey. Major notable perks of our Rising Legends collection include:
- Revenue Share: We are proud to introduce a revolutionary approach to reward our dedicated NFT buyers and community. As a result, we’ve decided that a significant protion – 10% – of our casino’s Net Gaming Revenue (NGR), will be earmarked for direct redistribution to our esteemed NFT holders.
- Staking: Earn while you hold! This is an entirely new benefit that no centralized platform can guarantee. By decentralizating our casino, we’re able to offer our users this amazing perk: here’s how it works. Holders of our exclsuive NFTs can ejoy the unique ability of staking these digital assets and therefore earn tokens passively. Essentially, the more NFTs you hold, the greater your staking power, leading to enhanced token rewards that will fuel your crypto gaming adventures.
- VIP and Loyalty: Here’s another unique benefit linked to our decentralized platform’s collection. Each NFT in our collection isn’t just a unique piece of digital art, but also your gatweay to different levels of prestige in our Loyalty and VIP System. For example, if you hold a “King” NFT, you’ll automatically ascend to the highest level in our casino’s system and automatically become one of our esteemed VIPs. In other words, the rarer your NFT, the better your loyalty rank will be!
- Exclusive Previews and Promotions: As our NFT holder, you’re at the forefront of dcentralized innovation in the gaming sector. Therefore we will offer you exlusive access to sneak peeks and erly previews of new slots we will be implementing on our casino before they are actually released. You’ll also be eligibe to participate to exclusive tournaments and contests tailor-made for our amazing NFT community, with unparalleled prizes at stake. In addition, you’ll be able to receive exclsuive promotions such as enhanced odds on many sport events and markets, as well as unique deposit bonuses and much more yet to discover.
Conclusion
As Web3 applications continue to be incorporated into the gaming sector, NFTs will become a pivotal part of this revolution, offering users unprecedented benefits while advancing the decentralized cause. At CoinGames we are ready to take this next step along side our users with the release of our Rising Legends NFT collection. From May 29th, you will be able to buy our NFTs on the Magic Eden marketplace, and take advantage of all the aforementioned perks. And remember, you can still get whitelisted by participating to some of our innovative promotions.
To start your decentralized gaming journey today, head over to CoinGames today.
