Paragon Launches Flagship Loot-Box NFTs, Sell Out in Seconds

Web3 gaming ecosystem Paragon saw its limited edition collection of loot-box NFTs sell out in seconds during its release.

The collection consisted of 1,500 free-to-mint NFTs, with 939 claimed through guaranteed spots. The remaining NFTs were taken during a first-come-first-serve phase.

Following the sellout, these NFTs have started trading on secondary markets, with the floor price currently sitting at 17 $POL.

Source: Paragon

What is Paragon?

Paragon is a web3 gaming platform aiming to create a seamless gaming experience across multiple products using its native $PLAY token.

The company is backed by Framework Ventures, Decasonic, Nascent, C2 Ventures and more. It offers tools that allow users to engage with digital assets, buy or rent NFTs, and participate in the platform’s games and interactive experiences.

In addition, the platform focuses on cross-chain rewards and liquidity, designed to attract both gamers and developers.

What are the benefits to holding loot-box NFTs?

Holders of the loot-box NFTs are set to receive benefits such as early access to the platform and eligibility for an airdrop during Paragon’s token generation event, which is set to launch later in 2024. These NFTs also grant enhanced in-game abilities across Paragon’s various titles.

“The lootboxes will be a limited edition series that will guarantee its holders early access to our platform, with enhanced in-game abilities across all our titles, granting boosted performance in Paragon’s metagames,” said Chris Austen, Founder and CEO of Paragon.

The loot-box NFT sale comes as part of Paragon’s broader strategy to build out its gaming ecosystem, which includes metagames and interactive Telegram games based on the TON ecosystem.

Source: Paragon

What’s next for Paragon?

Paragon has already achieved notable success, with over 45 million plays in its first metagame and more than 1 million active wallets.

“While we focus on expanding our gaming ecosystem, we’re excited to offer our community the opportunity to grab limited edition loot boxes, giving them a chance to truly elevate their Paragon experience,” added Austen.

Paragon has also previously launched its Notcoin style metagame, as the company aims to expand into an ecosystem with multiple games, with additional interactive Telegram games based on the TON ecosystem soon to be announced.

As the platform prepares for future game releases, it is expanding its offerings to include more interactive content. The platform’s EVM-compatible infrastructure also enables flexible purchasing and renting options for NFTs.

The company promises to deliver experiences for its users by allowing ease of access into digital assets that can further be utilised for a series of functions.

Learn more: https://findtheparagon.com/