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Phil Hall
Phil Hall
Sep 5, 2021
News

Crypto Raiders Taps into Loot NFT Hype

Crypto Raiders will integrate the Loot bag NFTs as dungeon rewards, becoming one of the first external gaming projects to embrace the hype.
Crypto Raiders Taps into Loot NFT Hype

The roguelike dungeon crawler Crypto Raiders will integrate the Loot bag NFTs as dungeon rewards, becoming one of the first external gaming projects to embrace the hype. In addition Loot bag owners who stake their NFTs, will earn passive income. The team behind Crypto Raiders revealed these plans in a recent blog.

Crypto Raiders, we wrote about this game last month, is an NFT-powered dungeon crawler running on the Polygon blockchain. The game is pretty hardcore, as it includes a permadeath mechanic. This means that the NFT character someone buys, can actually die and become useless. Currently the cheapest (living) heroes for 0,119 ETH or $466 at the current ETH value.

The developers of the game will map the Loot NFTs to the Crypto Raiders Gear Slots. For example, the chest item will go into the dress slot, while the ring or the neck item from the Loot NFT will go into the trinket character slot. However, they won't use all the elements from the Loot NFTs, as the Crypto Raiders characters don't have gloves, boots or belts.

How will Loot owners benefit

Loot NFT owners will need to stake their asset to add their items to the Crypto Raiders master loot table. However, these users will also need to acquire and stake for example 1,000 RAIDER tokens. The developers haven't settled on all the details yet, but it will likely become something like this.

Furthermore, currently running dungeons in Crypto Raiders will be free, but in the future they will charge AURUM to run a dungeon. As a result these dungeons will create revenue. When someone jumps into a Loot NFT dungeon, the Loot NFT owner will get a bit of AURUM once their item has been found.

What is Crypto Raiders

Crypto Raiders is a dungeon crawler where gamers send their heroes on dungeon raids to find loot, which they can sell for AURUM tokens. It uses elements from RNG-based role playing games, while adding blockchain-powered economical elements to it. Each player character is an NFT that gamers can upgrade using the gear they find in these dungeons. Interestingly, there’s also a dead mechanic… which means that the NFT characters can die.

This game uses two tokens: AURUM and RAIDER. The first one, AURUM, is a variable-supply token with an initial mint of 1 billion tokens. The developers will mint or burn AURUM tokens to balance the game’s economy. Players will need to use the token for certain in-game activities, including character creation, item crafting, enchanting, PVP duels and entering dungeons.

Crypto Raiders players can earn AURUM by completing dungeons and quests. The difficulty of the tasks will influence the amount of AURUM tokens someone earns. When gamers use certain NFT characters, they will earn a bonus percentage. 

The RAIDER governance token represents another side of the game’s economy. RAIDER has a fixed supply of 100 million tokens, and the developers can’t mint more. RAIDER token holders can stake their tokens to earn a percentage of the AURUM spent in the game. In addition RAIDER stakers will earn AURUM based on their in-game Crypto Raiders activity.

Disclaimer: The information provided on this page do not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Individuals should do their own research before taking any actions related to the product they read about and carry full responsibility for their decisions.
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