The esports platform, Loco has entered the Web3 gaming industry with the launch of Legends, a non-fungible token (NFT) platform for esports. Users will be able to own and exchange esports collectible assets, allowing them to boost their passion and experience the excitement of walking into the shoes of professional gamers.
Loco Legends debuts with exclusive collaborations with some of India’s most popular esports teams, including 8bit, s0ul, Godlike, Revenant, Blind, and XO. These top Indian esports teams compete in popular games like BGMI, FreeFire Max, and Valorant.
Loco has also created a unique data system, which is used to support Legends. This method makes use of the data generated by the large number of events powered by Loco. Furthermore, the company has formed exclusive collaborations with major esports tournament organizers such as Villager esports and Upthrust esports to ensure that its data platform has the greatest data stream in the industry.
NFT esports cards will be the first Loco Legends merchandise. This service combines NFTs and esports. Users can trade NFT trading cards amongst themselves and engage in free-to-play fantasy pools. Loco is building a one-of-a-kind fan experience where fans can make real-world relationships and improve their viewing experience by collecting, owning, and exchanging these limited-edition digital artefacts.
Founders of Loco, Anirudh Pandita and Ashwin Suresh, 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 for these initiatives. We are excited about providing users an easy to use experience so that they can enjoy the power of web3 without dealing with the complexities that other products are often plagued with.
“We are also pumped about the partners we are bringing with us and the experiences that these partnerships will help us deliver to users. Our team firmly believes that this is a unique opportunity to unlock a new paradigm in gaming and this product is the first step in our roadmap.”