Crypto MOBA game League of Ancients, has officially kicked off the first phase of its official NFT Marketplace launch, where users can buy, sell, and trade NFTs including hero skins and more. Developed by Mithotech Pte. Ltd., League of Ancients is the first crypto 5v5 MOBA game that aims to put the power back into players hands by enabling them to earn income from playing games.
Revolutionising the MOBA game industry
The MOBA game industry’s player base numbers over 300 million worldwide. Even so, 99.99% of the
existing global player base generates NO income from the sport. Unlike existing mobile MOBA giants
Moonton and Riot, Mithotech offers a free-to-play and play-to-earn model on the blockchain that
allows anyone to start playing League of Ancients, thus creating a rewarding endeavour instead of just
a usual hobby. Now everyone—not just the salaried pros—can earn from playing the game they love.
Best of all, all NFT skins and in-game items will be fully owned by the player—not the game
developer—and can be traded or sold at any time.
Lucrative potential for early adopters
League of Ancients takes a different approach from existing crypto-based games with its free-to-play
model. This means that players do not need to purchase and own an NFT to begin earning. However,
there are considerable advantages to owning its NFT skins.
After the game’s NFT marketplace launch this month, players can begin minting the extremely limited
quantities of hero skin NFTs, which provide players with superior earning power as well as minor in-
game perks. Once the supply of NFTs for a specific hero is fully minted, a substantial increase in value
is expected due to scarcity and the sheer size of the overall MOBA market.
Thereafter, the only way to own one is to win raffles or purchase one secondhand from League of
Ancients’ NFT marketplace. To date, over 180,000 NFTs—over half the existing supply—have already
been sold in presale events held prior to the launch of the marketplace.
A balanced and transparent economy
All transactions on the NFT Marketplace will incur a fee of $LOA tokens; 80% will be channelled back
to the community while the remaining 20% will be reinvested into game development and operating
costs. This enables the value of the $LOA token to be maintained.
On top of buying, selling, and trading skins, players can also participate in yield farming and NFT staking
to passively earn $LOA tokens and more. Yield farming is the first marketplace feature to be launched,
allowing players to begin farming $LOA tokens in preparation for the other marketplace features and
impending game release, which is currently scheduled for Q4 this year.
For more information, visit the official League of Ancients website at https://leagueofancients.co/main