Square Enix-backed NFT gaming universe and launchpad Elixir Games has announced the launch of the Elixir Wizards NFT collection, of which you can own a piece by completing a manual burn process involving Flask NFTs, which themselves have undergone some key changes to fit into this new dual-NFT system.
What Are Elixir Wizards?
Elixir Wizards is the blockchain gaming ecosystem’s newest NFT collection on Solana that lets holders increase investment limits on IDOs hosted on the Elixir Games launchpad. Each Wizard NFT gives you room to make bigger investments thanks to their investment boost multipliers that vary based on the type and quantity you own. The more of these NFTs you have, the higher your investment limit in an IDO, to a certain extent, as you can level up the multiplier by up to 3x. In the future, next to boosting your investment limit, these NFTs should also provide an increase in staking rewards by giving you bonus APR.
There are 2 types of Wizards: Standard Wizards, and 1/1 Wizards. Both assets can be used an infinite number of times. No supply details were revealed at the time of writing.
You can get Standard Wizards by burning 3 Flasks for one Wizard NFT using their dedicated burn page, where you will be able to get in contact with the platform’s support team who guide you through the burn process. More details on how that all works down below. Owning one Standard Wizard gives you a 1.2x multiplier, meaning that if your investment limit is $100, this NFT increases the limit to make it $120 instead. If you have 5 Standard Wizards, you get a 1.8x multiplier.
1/1 Wizards are truly unique NFTs that each have their own designs, but next to this visual distinction, you’ll also need them if you want to get the highest multiplier boosts possible. You can get one by burning 10 Standard Wizards, but you must submit proof that you actually did this by using the support ticket system that is found in the web3 gaming launcher’s official Discord server. You won’t get to see the design of your NFT for the time being, but will instead have a magic envelope until 100 1/1 Wizards are minted or a month has passed.
By owning a 1/1 Wizard NFT, you get a nice 2.50x investment boost multiplier, while having 2 or more of these distinct tokenized sorcerers gets you the maximum 3.00x multiplier.
What’s Changing With Elixir Flasks?
Elixir Flasks, the first NFT collection by Elixir Games, are now no longer possible to use multiple times. Each Flask NFT is now a one-time use asset thanks to the new burn mechanism. Whenever you use a Flask, it now gets burned. Flasks are used to participate in IDOs that take place on their launchpad without needing to have a special investor role, and with this new system, each time you use a Flask in an IDO, it will burn the asset, requiring you to purchase more Flasks to take part in future token sales.
Anyone interested can purchase Lab Flasks on Magic Eden, where the floor price is 0.68 $SOL at the time of writing. According to a moderator’s answer to a community member’s question in the official Discord server, the attributes of these Flasks seem to have no particular effect on the burning process, so you should be fine with burning any of them.
How to Start Burning Elixir Flasks to Get Wizard NFTs
You can start the burning process by heading to Elixir’s official burn page, where you must click on the “Claim My Wizard” button in the bottom right corner of the page to submit info needed to begin the process of getting Wizard NFTs. The information that you need to submit to their support team includes your name, email address, Discord ID, the type of NFT you want to burn (Flask or Wizard), and a message in which you likely explain how many Flasks or Wizards you’d like to burn. This will let you get in contact with the support team of Elixir Games, who will eventually message you with instructions on how to successfully complete the burn process.
After you’ve burned Elixir Flasks by following the steps the support team gives you, the official announcement states that you will need to wait 2-5 working days to have your claimed Wizard NFTs delivered to your wallet. The support team will message you to confirm the delivery.
