SNEAK PEEK
- Live gaming streaming and esports platform Loco launched India’s first NFT platform for sports, ‘Legends.’
- The users will now be able to own and trade esports collectible assets to experience the thrill
- Loco Legends is launched in partnership with esports teams such as 8bit, s0ul, Godlike, XO, Blind, and Revenant
Loco has launched Loco Legends, India’s first NFT platform for esports, to take charge of the emerging global trends. The largest and fastest-growing live game streaming and esports platform, Loco, is dedicated to democratizing gaming entertainment in the country.
As revealed, the new platform will be allowing fans to own and trade esports collectibles via NFTs. This will be facilitated by partnering Loco Legends with around 50 of the most popular esports teams in India.
The users will be able to purchase and trade in the form of virtual collectibles instead of how fans purchase collectibles and merchandise for their favorite sports. In addition, it has been revealed that the first asset on Loco Legends to be released is the NFT esports cards.
The Co-Founder of Loco, Anirudh Pandita, recently released a statement regarding their latest news that said:
As a fan, you’ll get to own virtual merchandise or NFTs, and the person can be a part of a game that utilizes these NFTs.
This platform will combine NFTs and free-to-play esports fantasy gaming, where users can buy NFT trading cards and participate in free-to-play fantasy pools.
Ashwin Suresh, the Co-Founder of Loco, also shared details regarding the same and said:
We are passionate about the potential of web3 to empower creators and create new fan experiences in the gaming community. Gamers are the earliest adopters of new technology, and our community has shown a strong acceptance of these initiatives.
With over 52 million users, Loco has a ready base of gaming enthusiasts and data obtained from the tournament it hosts.
The key takeaway is that the first 1,000 people to register on the waitlist will be getting access to free-of-cost NFTs worth about INR 500 each. You can purchase the NFTs using regular currency, making the collectible accessible to a broader segment.
