Each PureFi legendary creature is a separate NFT piece, a fragment taken out from the entire NFT collection paradigm. These non-fungible tokens are not of a regular type. What makes them different is a wrapping feature — inside, they carry ERC20 tokens of PureFi’s partners, which, as a result, turns them into collaterals. After a certain locking period, the wNFTs can be unwrapped, and the token can be taken out, a process similar to breaking a piggy bank, except ours is much prettier :)
The Pure wNFTs are created with the help of PureFi’s partner protocol, ENVELOP.
ENVELOP is a flexible cross-chain toolset that gives any NFT new functionality (economic set-up, on-chain royalties, rental mechanism, time/value/event-locks), protection of devaluation anti-fraud system. Now easily implemented in GameFi, Marketplaces, Art, Metaverses, non-pledge NFT-rentals, and finally, Pure Crypto Legendary Saga.
The loyalty program non-fungible tokens are essential to collect since they make up an entire stake whose owners will be granted to unlock special features unavailable for those who didn’t earn the wNFTs.
For instance, everyone who owns Beabull will be eligible for a discount or receive some bonuses. In contrast, everyone who has Unicoons can participate in a VIP event — the same goes for other creatures of different point weights.
It is essential to collect all diverse varieties of creatures and their collections because all together, they give a right to receive one super wNFT, the value of which will impress many. As a reminder, every week, PureFi will expose 3–5 new wNFTs up for grabs.