Are You $LGNDary? SCRT Labs’ Legendao Goes For The Gyld

Legendao
Legendao
Published in
4 min readMar 7, 2022

Legendao is a first of its kind NFT platform with unique benefits for both creators and collectors.

For blue-chip creators, Legendao is a Mint Lab where they can utilize the Secret Network’s privacy technology to create NFTs with unlockable and exclusive content.

For collectors, Legendao provides an immersive gaming experience with unprecedented opportunities to collect exclusive NFTs and earn $LGND tokens.

Legendao NFTs are the property of the collector who buys them and are not confined to the Legendao platform. A collector can sell these NFTs on secondary platforms like the Secret Network’s stashh.io and OpenSea.

Yeti Girl

On the Legendao Mint Lab, you buy and earn NFTs and native token $LGND while participating in quests to strengthen your avatar through earning XP and the purchase of Lootboxes. There are two types of Lootboxes to choose from: the dedicated NFT drop Mintbox or the general Lootbox which holds wearables, NFT drops, whitelist spot NFTs and $LGND tokens.

The Secret Network is the first blockchain with privacy by default for smart contracts. This means something important for collectors: only the owners of Secret NFTs can decrypt their contents and, should they want to do so for any reason, share the metadata of these NFTs publicly.

The Legendao Mint Lab builds on that benefit in a way that’s never been seen before. The Legendao quest begins with your own unique avatar. Hunt treasure and buy loot boxes filled with game enhancements like wearables, tokens and supplies. Your avatar grows in strength and capability throughout the game while you collect top-notch NFTs from different NFT drops in a fun and engaged community. And as your avatars gain more XP, you’ll get access to better Lootboxes with rarer NFTs, more amounts of $LGND and other perks.

Legendao NFTS are created by high-profile artists, handpicked and curated by the Secret Network team or through governance votes by $LGND holders. These creators include a roster of celebrity film and star athletes among others.

One challenge in the NFT ecosystem is that famous talents want a high amount of minimum guarantees paid in advance when it comes to launching an NFT collection. The POL — Protocol-Owned-Liquidity — is Legendao’s solution to that problem.

Legendao maintains a strong balance-sheet through The POL, ensuring that the platform can onboard the best artists, brands and creators. The POL is Legendao’s own treasure chest. Every Legendao NFT sale will generate more $LGND token for the POL. That money will be used to onboard new promising talents and launch blue-chip collections of celebrities and brands who demand high premiums for their initial work.

But paperhanding has no place on the Legendao platform. Some perks of owning Legendao NFTs include whitelist spots for major upcoming drops and unique NFTs from current or prior partner collections.

Keep those paperhands in your pockets, buddy.

Legendao’s genesis NFT collection, “The Council of Gyld ‘’ will drop in April, 2022. The lore of this initial project tells a tale we can all identify with — mythical apes known for their secrecy want to share their legendary bounty with humanity by connecting technology with creators and collectors.

To celebrate the Council of Gyld, there is a treasure trove of additional perks for holders:

  • 1/1 NFT — the one purchased by the collector
  • Either a lottery or whitelist spot for the next NFT drop, which will launch a few weeks after The Council of Gyld.
  • Free avatar to use on the Legendao platform
  • Free loot box — this includes more NFTs, some $LGND token and a digital item for your avatar
  • 1 exclusive Council of Gyld OG wings. This digital wearable will only be available as a Council of Gyld bonus drop and will entitle you to massive benefits only Legendao OGs can enjoy.
  • Chance for future airdrops for all forthcoming collections

When you buy a Council of Gyld NFT, you’re cementing your status as a $LGNDary OG. This unlocks a host of exclusive Legendao benefits, including the possibility of waking up to find free future airdrops in your Cosmos wallet.

Want to find out more? Visit Legendao.io, sign up for our mailing list, and follow us on Twitter and Discord.

Learn more about $LGND, Legendao’s native token, in a forthcoming blog post.

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Legendao
Legendao

Legendao is where NFTs meet DeFi on Secret Network.