Loco launches an NFT platform for esports ‘Legends’
by EVENTFAQS Bureau Entertainment | June 27, 2022 | News
Loco announces 'Legends', an NFT platform for esports that will enable users to own and trade collectible esports assets, initiating their fandom and allowing them to feel the excitement of being an esports scout.
As part of its launch, Loco Legends has partnerships with several Indian esports organisations, including 8bit, s0ul, Godlike, Revenant, Blind and XO. These Indian esports organisations offer fans an NFT experience and are the market leaders in games like BGMI, FreeFire Max, and Valorant.
Legends is backed by a proprietary data system that Loco developed. This system makes use of the data produced by the numerous tournaments that Loco has enabled. To guarantee that its data platform also has the best in class network system, Loco has signed partnerships with esports tournament organisers like Villager esports and Upthrust esports.
Anirudh Pandita and Ashwin Suresh, Founders, Loco, 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. ”
The platform is currently in beta and will be made public in July 2022.
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Loco Legends will enable users to own and trade collectible esports assets, initiating their fandom and allowing them to feel the excitement of being an esports scout.