The date is quickly approaching: are you ready for the CoinGames NFT collection drop? Rising Legends will change the landscape of NFTs within the Web3 ecosystem, gamifying assets and giving its holders a number of never-before-seen perks that have direct links and repercussions on the user’s playing experience. NFTs have been increasingly incorporated into gamified ecosystems in recent years – which we wrote about before – starting from big enterprises like Sony offering in-game NFTs that are transferrable between devices in early 2023, to now CoinGames being able to offer its users and buyers significant economic advantages when holding a Rising Legends piece. In this article, we will explain the main advantages of buying a CoinGames NFT, as well as a brief overview regarding the collection as a whole. Let’s get started

What Gives NFTs Their Value

NFTs have first gained traction in 2017, when a collection of over 10,000 pieces called CryptoPunks was launched on the Ethereum blockchain. It has since then been inconsistent, hitting another boom in 2021 and then ascending again by the end of 2023 and start of 2024. But what gives these assets effective economic value? Let’s check it out.

  • NFts are given value essentially based on their uniqueness. As The Block explains in a relatively recent post, “each token is associated with a specific digital or physical asset, which could range from digital art and music to even virtual land.”In reference to what could be called an NFT, therefore, it explains that the asset does not necessarily need to be a piece of art, buy any unique virtual object.
  • All NFTs have intrinsically unique characteristics. Based on what kinds of characteristics, traits or other elements buyers are looking for, this will undoubtedly sway the digital asset’s value one way or the other. For example, the more unique a piece of digital art is, the more it will be sought after, therefore raising its value – the principle of scarcity reigns in the digital asset world as well.
  • Finally,on many occasions, subjectivity will drive the NFT’s price one way or the other. For example, if a famous or well-followed project announced the release of its collection, there is no doubt that its NFTs would be more expensive than many other ones simply for the fact that many poepl follow and actively participate in the project itself. The same can be said of NFTs or collections released by celebrities, for instance.

Get to Know Rising Legends

Having said all that, let’s take a look at our Rising Legends collection. The collection features a number of characters with a variety of traits, backgrounds and much more. In addition to a multitude of traits and interesting characteristics, the collection also features a number of benefits for its buyers that we’ll discuss in the enxt section. For now, let’s take a closer look at Rising Legends.

  • First of all, the Rising Legends collection will be available on the Magic Eden launchpad from June 5th onwards: for more abour Magic Eden and how to explore the collection there, click on our explanatory article here.
  • The collection will feature 2,500 unique pieces that will be subdivided into our 10 loyalty ranks – which range from the lowest “Commoner” to the top “God” tier. Depending on the rank of your digital asset, you’ll receive determinate boosts and perks as a reults of acquiring a Rising Legends NFT.
  • The pieces have over ten unique traits each (including, for example, differing backgrounds, faces, weapons, costumes and more). Since the collection will be available on Magic Eden markeytplace, the assets can be cought in SOL. Each piece will cost 0.5 $SOL (which at the time of writing is roughly $86. If you have earned access to our collection though our NFT Whitelist, the price will drop down to 0.35 $SOL. For more information about the whitelisting process as relates to Rising Legends, see our article.

The Benefits of Rising Legends NFTs

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:

  1. 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.
  2. 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 exclusive NFTs can enjoy 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.
  3. 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!
  4. Exclusive Previews and Promotions: As our NFT holder, you’re at the forefront of decentralized innovation in the gaming sector. Therefore we will offer you exclusive access to sneak peeks and early previews of new slots we will be implementing on our casino before they are actually released. You’ll also be eligible 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 exclusive promotions such as enhanced odds on many sport events and markets, as well as unique deposit bonuses and much more yet to discover.

By becoming a part of the CoinGames ecosystem and participating in our NFT collection sale, you will be able to take advantage of a number of benefits, inclduing revenue share from the CoinGames casino platform. The Rising Legends collection, in addtion, features a number of excellently designed artwork pieces that we’re sure you will love to own. To see our collection in greater detail, head over to our CoinGames NFT page, and visit our casino platform for an unmatched decentralized gaming experience!