Elfin Metaverse, a eSports gaming platform and metaverse on BTC, has announced the introduction of Elfin Lands, unveiling various details such as utility and more.

What Are Elfin Lands?

According to the official announcement, Elfin Lands are set to give the community economic ownership while providing a unique experience by giving access to “numerous activities and earning opportunities.” It is also said that the NFT collection is set to be the first one to be “issued on Taproot Assets within the BTC Ecosystem.”

There will be a supply of 810,000 land on the Bitcoin Lightning Network, and aside from gas and protocol fees, it seems that the minting price will actually be free. The minting will take place over at their partner’s platform, Flash Protocol, with the exact time set to soon be announced.

Utility

By holding this upcoming Land NFT, players will get access to various content, including the ability to play daily battles and compete in seasonal tournaments in the games on the platform. Holders will also be able to launch their own games in the metaverse, as well as run their own store for items, in-game credits and accounts. The official post states that owners will be able to gamify partners’ tokens “in the game as battle chip,” and that Land will also be usable for building your own gaming guilds, DAOs, communities, as well as for offering your own scholarships.

Economic Ownership

With a Land NFT, you will be able to get a share of the earnings that the developers receive from various activities in the metaverse. These include marketplace transactions, daily PvP rewards, seasonal tournament prize pools, and more.

There will also be an upgrade mechanism that you will be able to use in order to boost your earnings. Upgrading however will require owning a lot of Land NFTs; for example, upgrading to the Tribe level, which brings a x10 earning multiplier, will require using 9 Land NFTs.