NFTs Enter the Royale Court

The Royale Mint presents its limited edition NFT collection, celebrating the milestone moments of a reign like no other.

Published in

OfficialRoyale

7 min readJan 21, 2021

During the 2017 crypto boom many were quick to dismiss CryptoKitties and NFTs (Non Fungible Tokens) as a short lived fad. However, NFTs have defied expectations and have only grown more and more popular since that time. While DeFi projects may have been grabbing all the headlines in recent months, NFTs have been growing slowly but steadily and are just about ready to take center stage.

An upcoming NFT boom has been foreshadowed by tokens such as MEME, which recently transformed from an inside joke made in an offhanded Twitter remark to a legitimate NFT project with a current market cap of twelve million dollars. On the more corporate side are NFT platforms such as Rarible or OpenSea. In total, according to NonFungible.com, NFTs are now seeing regular weekly volume in the $3 to 4 million range.

NFTs have been around for a while, but it is only recently that they have begun to really pick up steam. While the recent acceleration in the growth of NFTs may be surprising to some, to the observant onlooker it’s easy to see the cause. The main problem with NFTs back in 2017 was that at the time NFTs were essentially non liquid assets.

Over the past several years we have witnessed the birth and later explosive growth of the DeFi sector. Liquidity mining is one of the key innovations which has allowed DeFi to get where it is today. It is a simple but powerful concept. Instead of paying expensive market makers to ensure there is liquidity, crowdsource the problem to all token holders and reward those who provide liquidity.

Liquidity mining has been borrowed from Defi and applied to NFTs to spectacular effect. This mechanism has been a key contributor to the recent growth in NFTs, and has opened up a whole new world of opportunities to NFT holders.

At Royale, we have taken note of the growing NFT mania. As we think NFTs will be a fixture of the crypto asset space for a long time to come, we fully intend to make NFTs a vital part of our ecosystem. Royale NFTs will play an important role in the ROYA token economy. Not only will Royale NFTs be rare commemorative art pieces, they will also provide various benefits to their holders. Token holders can expect to enjoy a variety of benefits from their Royal NFTs including being rewarded airdrops of ROYA as well as tokens from partner projects, and sometimes as a vital gamification element with our iGaming partners.

Today we will reveal some of our NFT plans and, most importantly, introduce the very first NFT from the Royale Rarities collection! If you’re here just to ape into this limited edition NFT of 72 “Queen” NFT cards, scroll down to the QUEEN OF QUEENS section now. 😉

Gamification and Rewards in the Royale Ecosystem

Digital collectibles can be a powerful tool to improve user experience through gamification. In the Royale network, we envision NFTs being used both within our DeFi lending platform and also within the iGaming platforms.

Our Queen, King and Royale Flush staking lots, respectively called qROYA, kROYA and fROYA around the dev shop, form the backbone of the ROYA token economy. The owners of these staking lots will not only be the primary decision makers in the Royale ecosystem, approving which iGaming startup to receive bankroll, for instance, they will also receive a share of the stability fees from the Royale DeFi platform. On the DeFi side, NFT holders benefit from faster mining speeds, higher returns on staked stablecoins, exclusive airdrops, and more!

NFTs can also be used to enhance DeFi services, or even to encapsulate complex financial products such as insurance contracts or loans. By tokenizing platform loans as NFTs, the NFT becomes a crypto asset that can be used on other platforms, sold as collateral, or exchanged. With a portion of all transfer fees (typically 5% each from the buyer and seller) going back into the Royale stablecoin liquidity pool, this portability ensures that maximum value is captured by the Royale ecosystem.

On the iGaming side, companies partnered with Royale may use NFTs as unique, exclusive rewards for their players. For example, players will earn progressive levels of unique NFTs as they hit certain thresholds of performance. An iGaming startup could have a set of 11 collectible cards representing achievements in their game. Every time a player reaches a new level, they earn the corresponding level of NFT. Or, our iGaming partners could choose to airdrop exclusive NFTs to our stablecoin liquidity providers which , q/k/f staking lot holders or Royale Reserve contributors to jumpstart their ecosystem with a highly targeted marketing push.

There are limitless opportunities that lie in the intersection of iGaming, DeFi and NFT. Royale is perfectly positioned to explore these boundaries. And we are excited to offer these opportunities to our Royale Kings and Queens. In short, NFTs are a promising tool in the Royale ecosystem, and we’re just beginning to go down this path. We will expand and improve upon the crypto economic mechanisms encapsulated within, while keeping it simple for our users and iGamers to provide them the best experience!

Introducing the “Queen of Queens” — Our First Royale Rarities NFT Collectible

Now, without further ado, we are very excited to introduce you to the lovely and beautiful “Queen of Queens”! She is available now on both our Open Sea and Rarible storefronts. But she’s more than just a pretty face.

Holding one of these exclusive rare 72 NFTs entitles you to three separate airdrops of $ROYA tokens over the course of the next 3 and a half months!

The 7,200 $ROYA earned via this airdrop is intended to provide an easy and eye-catching way for our Royale Kings and Queens to snap up a Queen Staking Lot before our platform goes live!

However, once you acquire this NFT, it is 100% yours to do with what you will. You can sell it or trade it at will. Please note, however, that we will be taking a snapshot on the dates listed below to organize the related $ROYA airdrops. Only those that hold the “Queen of Queens” NFT in their wallet on those dates will be eligible for their precious $ROYA.

In addition, as our very first NFT collectible, the “Queen of Queens” will forever hold a special place in our hearts. As such, we will be prioritizing holders of this NFT for special promotions, exclusive iGaming access, and overall Royale treatment forever and ever. She’s a special lady who deserves special attention!

This NFT was minted from the Royale Rarities ERC-1155 contract that you can find here.

For example, you can find Queen of Queens #033 for sale here on Rarible!

And Queen of Queens #044 is available here on OpenSea!

The price for each is 3.99 ETH, which includes 3 airdrops totaling 7,200 $ROYA tokens.

The premium numbers will use this same pricing. Other numbered NFTs in this collection will be put up for sale on OpenSea using declining prices. Still others will be auctioned off!

Here’s what you’re buying:

👑 One of a Limited Edition of 72 “Queen of Queens” Royale Rarities

👑 Designed by Royale’s Executive Creative Director, Joey Khor

👑 Serialized #001 through #072

👑 Each NFT bestows upon the owner three (3) $ROYA Airdrops of 2,400 $ROYA each for a total of 7,200 $ROYA (equal to one Queen Staking Lot), the dates of which are:

2/1/2021
3/1/2021
4/1/2021 or at Launch of MVP (whichever happens first)

Note that in our Pitch Deck, Queen Staking Lots require 7,200 $ROYA to be staked on our platform and entitle the staker to a portion of the stability fees generated from our iGaming opportunities.

As you can see from our recent staking announcements, with Bithumb and MANTRA DAO, staking lies at the very heart of what we do. Over time, our Loyal Kings and Queens will see that NFTs, too, are a critical part of the Royale ecosystem.

The “Queen of Queens” is the first NFT in that Royale succession.

About Royale Rarities

Own a timeless piece of the Kingdom, The Royale Mint presents its limited edition NFT collection, celebrating the milestone moments of a reign like no other. The commemorative serialised rarities are commissioned works crafted by esteemed artists that bring to life the story of Royale. Each one is a unique timestamp in blockchain eternity. Possess an iconic moment in time that is truly yours, forever.

Please visit our NFT storefronts on OpenSea and Rarible.

About Royale Finance 👑

Royale Finance is an industry-focused decentralised lending protocol. Its purpose is to create Web 3.0 smart-backed funding solutions using DeFi primitives in order to support the innovation of iGaming products and platforms. The combination of iGaming returns, uncorrelated to DeFi cryptoassets but powered by base layer DeFi protocols, we call iGDeFi.