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Incorporating global trends, Loco launched Loco Legends. It is being billed as India’s first non-fungible token platform for esports.
Loco is dedicated to democratizing domestic gaming entertainment, and its platform will allow users to own and trade esports collectible assets, enhance fandom and become esports scout shoes. He said he would be able to experience the thrill of stepping in.
Legend has it that it will set the stage for the decentralization of game creators by promising that Loco will support the domestic game-fi ecosystem. NFT uses blockchain to authenticate its own digital items, and companies around the world are using blockchain to enhance the community and monetization between esports teams and their fans.
With 52 million users, Loco brings the largest and most enthusiastic community of gamers in each of these categories. The company has raised more than $ 51 million so far.
Loco Legends launches in an exclusive partnership with India’s most popular esports team
Includes 8bit, s0ul, Godlike, Revenant, Blind, XO and more. These top Indian esports teams are category leaders in popular games such as BGMI, FreeFire Max and Valorant, and provide fans with the most reliable NFT experience, Loco said.
Crazy NFTe sports card
Loco has also built its own data system that enhances Legends. The system leverages data generated by a number of tournaments enhanced by Loco, the country’s largest esports tournament advocate.
Loco also said it has formed exclusive partnerships with major esports tournament organizers such as Villageresports and Upthrustesports to ensure that its data platform has a best-in-class data pipeline.
Loco Legends’ first asset is the NFTe sports card. This offering is a combination of NFTs and free-to-play esports fantasy games. Users can buy NFT trading cards to buy and sell cards to each other or join the free play fantasy pool. By collecting, owning and trading these limited edition digital goods, Loco designs a unique fan experience that allows users to truly approach heroes, build real-world connections and enhance their viewing experience. I am.
The number of NFTs is limited and varies from owner to owner. Loco is the first company in India to build this kind of large consumer platform, adopting NFT and web3.
Founders Anirudh Pandita and Ashwin Suresh said in a statement:
Use Web3 to empower creators and create new fan experiences in the gaming community. Gamers are the earliest adopters of new technologies, and our community strongly embraces these initiatives. We are excited to provide users with an easy-to-use experience so that they can enjoy the power of web3 without having to deal with the complexity that other products often plague. We are also excited about the partners we have and the experiences these partnerships can help provide to our users. Our team firmly believes that this is a unique opportunity to unleash a new paradigm for the game and that this product is the first step in our roadmap. “
The platform is currently in beta and will be available in July 2022. As part of this release
The top 1,000 users on the waiting list on the platform have access to a valuable free NFT
About £ 500, or $ 6.39 each.
Loco’s popular game categories include BGMI, Call of Duty Mobile, Valorant, and GTA5. Partnered with giants such as Krafton, Activision, Ubisoft, Riot Games, Red Bull, the NBA 2K League, and Logitech – G, this platform brings an entertainment experience to Indian game viewers. Crazy is currently available for Android, iOS, and the web. The company has 85 employees.
Having seen resistance to NFTs from Western hardcore gamers, I emailed and asked how well the local Indian market is accepted by NFTs.
“The resistance of some gamers to NFT-based games comes from the fact that playing these games isn’t fun, so playing to earn often feels like a chore.” The founder replied. “We believe that this criticism, justified in certain cases, will be addressed by multiple games in the coming years.”
“In our case, this is not a problem, because we are releasing digital collections for esports teams and players. These collections are fantasy pools and we are working on. It can be used in other game formats that are available. These collectibles and the games in which they are used add a fan engagement layer that is currently lacking in the esports industry. This layer enhances the viewing experience and users. Brings you closer to a streamer who loves and supports you. The Legends platform allows fans to own and exchange collectible assets for esports, supercharge their fantasy, and step into esports scout shoes. You can experience the thrill. “
They said the Indian local market is eagerly looking for NFTs. In a recent survey of platforms, they said that 60% of users knew Web3 and showed a strong desire to buy NFTs to support their favorite esports streamers and teams.
In terms of technology, the company plans to make it easier for Indian users to buy NFTs and easily participate in the esports metaverse with minimal friction.
The founder said: “The Legends Web3 app uses Polygon and the rest of the infrastructure is built by the Loco team. We will release web products first, then Android and iOS apps. Loco Legends’ first asset Is an NFTe sports card. This offering is a combination of NFT and playing e-sports fantasy games for free. Users can buy NFT trading cards and buy and sell cards between them. increase
In addition, you can participate in the fantasy pool that you can play for free. By collecting, owning and trading these limited edition digital collections, Loco designs a unique fan experience. Users can truly approach heroes, connect with the real world, and improve their viewing experience. “
We also asked about company inspiration.
“Our mission as a company is to democratize Indian games. This central idea always inspires us to create new products, features and experiences,” founder. Said. “We believe the game will provide India with a new level of competition. In the game-hometown is not a constraint. It doesn’t matter what you look like. Your gender or religion is It doesn’t matter. Your skills, your hard work, your grind – they are important. We
We want to allow young people living in small villages to entertain and entertain the world with just their mobile phones with minimal resources. “
In addition, “We are a platform for gamers to become game superstars from beginners. We are streamer campfires – from beginners to the best, they are all here in Loco. A platform that turbocharges the fan experience – fans no longer have to be another user in the crowd. We have tools and experiences that allow users to interact with streamers in ways they couldn’t before. We’re building. We’re a virtual playground water cooler. Fans get together, exchange stories, analyze, criticize, and support your favorite creators. “
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