Unlock the future of digital assets with Non-Fungible Tokens (NFTs). Imagine owning a piece of digital art, music, or even a virtual real estate, all uniquely yours and verified by blockchain technology. NFTs provide you with the opportunity to buy, sell, and trade one-of-a-kind digital assets, ensuring authenticity and ownership without the need for intermediaries. Dive into a vibrant community of creators and collectors, and be part of a revolutionary movement that is reshaping how we perceive and value digital content.


What are Non-Fungible Tokens (NFTs)?

Non-Fungible Tokens (NFTs) are unique digital assets verified using blockchain technology. Unlike cryptocurrencies, which are interchangeable, each NFT is distinct and cannot be exchanged on a one-to-one basis. Each NFT contains a unique set of data that reflects a variety of information, allows for its portability, and facilitates the registration of individual NFTs. NFTs can represent various digital or physical items, such as art, music, videos, in-game items, and real estate. Ownership of an NFT is recorded on the blockchain, ensuring transparency and security in verifying and transferring assets. Additionally, they enable the transfer of much larger amounts of data and, consequently, the properties associated with them.

Approach to NFT utility

A key aspect of creating a successful NFT collection is understanding its intended use and ensuring coherence within the collection. It is essential to consider the economics of the project and ensure that the utility of the NFT aligns with the system’s goals and appeals to users. Understanding the purpose of creating an NFT and whether the needs within the system are appropriately addressed by non-fungible rather than fungible tokens is crucial. It’s important to recognize the opportunities that incorporating this type of token into the system introduces, while also being mindful of potential drawbacks and risks. The main utility of NFTs lies in the fact that, depending on the context and needs of the project, they can have entirely unique and original functionalities, impacting the rest of the system in various ways. In recent years, there has been a significant trend towards adopting NFTs, but not all projects that have integrated them have genuinely added value to the project.


What areas do we help in?


NFT Distribution

Our experts will assist you in planning the distribution of your NFTs, ensuring it aligns with your project’s goals. We focus on creating a strategic plan for NFT distribution that maximizes engagement and value for users. By understanding the specific use cases for your NFTs, we help design features that enhance their attractiveness and functionality within your ecosystem.


Utility of NFTs

Enhancing NFTs with practical applications like exclusive access, ownership rights, and governance participation transforms them from simple collectibles to valuable ecosystem components. Exclusive access grants holders entry to unique events or content, while ownership rights ensure secure, direct monetization opportunities for creators. Governance participation engages owners in decision-making, fostering a community-driven environment. These features not only enrich user experience but also boost the intrinsic value and sustainability of NFTs.


Integration of NFTs with ERC-20 Tokens

We offer comprehensive solutions to integrate your NFTs with ERC-20 tokens, enhancing interoperability and functionality. Our team ensures that the combined use of these tokens within your project creates a seamless experience for users. We design integration strategies that leverage the strengths of both types of tokens, facilitating complex interactions and enhancing the overall value proposition of your platform. The integration of NFTs in the system serves as a crucial aspect of the incentive system for participants but also shapes the economic dynamics.


Mapping a System

To enhance the understanding of complex Web3 project systems, our token engineers utilize advanced visualization techniques. They convert the entire project into a Stock&Flow model and provide visual representations of all agents within the system. These practices significantly improve the comprehension of asset flows and are instrumental in pinpointing potential challenges.


Economic Modeling of NFTs

We develop advanced economic models to balance growth and user incentives within your NFT ecosystem. Our team translates complex economic theories into practical, mathematical frameworks. This approach enables the creation of robust systems that support sustainable growth and enhance value creation for your NFT project. Emphasizing the substantial impact NFTs can have on the overall economy, our models are designed to harness their potential as significant revenue generators.


Validation of Assumptions

Our token engineers specialize in validating the assumptions underlying your project. By simulating hundreds of scenarios, we can predict the dynamics of NFT price changes and how they will be influenced by supply and demand forces among other factors. This simulation process not only identifies potential opportunities and threats but also provides detailed recommendations to optimize your system. This rigorous analysis ensures that your project’s mechanisms are fine-tuned for long-term success, addressing existing challenges and leveraging growth opportunities.

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    Our Expertise

    We specialize in six key areas to ensure the success of your NFT project

    System Discovery

    We enhance your NFT project idea into concrete solutions and mechanisms, leveraging the experience and research of our team.

    System Mapping

    We map your system using methods such as Stock & Flow and agent relationship mapping to understand every asset flow and motivation within the NFT system.

    Mathematical Specification

    Every mechanism we propose comes with a complete mathematical specification and working examples, making it understandable even for non-technical stakeholders and serving as guidelines for developers.

    Digital Twin Creation

    We create a digital twin, coded in CadCAD within a Python environment, which serves as a model that simulates the impact of NFTs on the rest of the system. This advanced tool enables us to analyze and predict how changes in NFT dynamics affect the overall ecosystem, facilitating informed decision-making and strategic planning.


    This allows us to test the functionality and potential of all mechanisms, as well as understand the system dynamics, all before starting to write smart contracts. We anticipate project behavior under various conditions to test its resilience and adaptability.

    Technical Implementation

    Based on the created and validated system specification, we proceed to implement smart contracts. This step translates theoretical solutions into working technological components.

    Building Trust Starts Here

    Our company was founded on the principle of trust, a vital element in the rapidly evolving crypto and blockchain industry. We aim to demystify the complexities of crypto-economics, providing clear and reliable guidance.

    Our focus is to build strong, trust-based relationships with our clients, ensuring they feel confident and supported as they navigate the cryptocurrency landscape with us as their trusted partner.

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    Frequently asked questions

    What does Crypto Economics consulting involve?
    Crypto Economics consulting involves analyzing and designing economic models within blockchain ecosystems. Our services include system discovery, stock and flow analysis, mathematical specifications, creating digital twins, conducting simulations, and overseeing technical implementation. We aim to optimize your project’s economic strategies for sustainability, growth, and adaptability in the volatile crypto market.
    Can you assist projects at any stage of development?
    Yes! We can assist projects at every stage of development. Whether you have a well-defined vision that needs validation of assumptions or you’re just starting out with preliminary ideas that need to be translated into concrete mechanisms, we’re here to help. Our team can provide guidance from the initial phases of design to validation. We also offer support through blockchain development, ongoing operational support, and system evaluations. Our services are continuously evolving to meet the specific needs of our clients, allowing us to support other project phases as well. If you’re unsure whether we can help with your project, feel free to schedule a meeting with us.
    Where can NFTs be used?
    NFTs can be used in a variety of areas including digital art, music, gaming, virtual real estate, collectibles, and even in representing physical assets like real estate and luxury goods. Your NFTs can be used in various platforms that support NFT trading and interaction, such as online marketplaces, virtual worlds, or gaming environments. They can also be used within your own system for purposes like access control, rewards, or proof of ownership. They provide a way to prove ownership and authenticity of unique items in the digital world.
    What is the difference between NFT and Token?
    The main difference between NFTs and fungible tokens is that NFTs are unique and cannot be exchanged on a one-to-one basis with other tokens. Fungible tokens, like cryptocurrencies, are identical to each other and can be exchanged equally, while each NFT has distinct attributes and value.
    How to implement NFT into my system?
    To implement NFTs into your system, start by defining the properties and unique characteristics of the NFTs you wish to create. Design the utility of the NFTs and incentive mechanisms for the community. Mint the NFTs based on these smart contracts, ensuring they are securely and accurately represented on the blockchain. Integrate these smart contracts with your platform, creating interfaces that allow users to interact with, trade, and manage their NFTs seamlessly. Finally, establish mechanisms to ensure the security and scalability of the NFT ecosystem within your platform.
    When implementing an NFT, do I need to think about the economy?
    Yes, it’s crucial to consider the economic aspects when implementing NFTs. This includes understanding the supply and demand dynamics, setting appropriate pricing, ensuring liquidity, and considering the impact on your overall ecosystem. Proper economic modeling can help maintain value and encourage active participation.
    Does NFT have any mechanisms?
    Yes, projects involving NFTs typically include mechanisms for buying and selling, community incentives, and balancing dynamics between fungible and non-fungible tokens. NFTs can influence every mechanism and aspect within the system, forming an integral part of it. Additionally, the price of NFTs is influenced by speculator behavior and external market supply and demand forces, which affect their value.
    What is worth remembering when creating NFT?
    When creating an NFT, it’s important to ensure its uniqueness and authenticity, clearly define its use case, and consider the long-term value for both creators and buyers. Additionally, think about the security and scalability of the platform on which the NFT will be issued.
    How to align NFTs with system goals?
    Align NFTs with system goals by defining their utility in a way that supports your platform’s objectives, such as enhancing user engagement, providing exclusive access, or rewarding contributions. Ensure that the design and distribution of NFTs fit within the broader economic and operational framework of your system.
    What is System Discovery, and why is it important?
    System Discovery is the initial phase where we gather in-depth insights into your project’s goals, existing systems, and market environment. It’s crucial for understanding the core mechanics driving your ecosystem, allowing us to identify opportunities for optimization and innovation.
    How do you use Stock & Flow in your consulting?
    We use Stock & Flow analysis to map out the inflows and outflows of resources within your project, helping us understand the dynamics of your economic activities. This aids in identifying inefficiencies and opportunities for enhancing your project’s economic health.
    What does Mathematical Specification entail?
    Mathematical Specification involves translating your project’s economic concepts into precise mathematical models. These models serve as a blueprint for designing robust economic systems, ensuring theoretical soundness and practical viability.
    Can you explain the concept of a Digital Twin / System Model?
    A Digital Twin is a virtual replica of your project that allows us to simulate and forecast outcomes without risking actual assets. It’s a powerful tool for experimenting with different strategies and predicting potential issues in a controlled environment.
    How do Simulations benefit my project?
    Simulations enable us to explore various scenarios and predict the behavior of your project under different conditions. They help validate our models, adapt strategies in real-time, and ensure your project is resilient and adaptable to market changes.
    What is involved in the Technical Implementation phase?
    Technical Implementation is the process of deploying the developed models and strategies into working technology. This includes the setup of smart contracts, blockchain infrastructure, and ensuring the system is secure, efficient, and scalable.
    How do you ensure the models and strategies are aligned with real-world scenarios?
    Our models and strategies are rigorously tested through simulations that mimic real-world scenarios, including market fluctuations and user behavior changes. This ensures that our solutions are not only theoretically sound but also practical and adaptable.
    What makes your consulting firm unique in the field of Crypto Economics?
    Our firm stands out due to our comprehensive and tailored approach, which covers every aspect of Crypto Economics consulting from system discovery to on-chain validation. Our flexibility to engage at any project stage, combined with our expertise in modeling, simulation, and technical implementation, ensures that we can provide value-driven solutions regardless of where you are in your project lifecycle.

    Case Study

    NFT Customer Engagement Platform with Tokens Cashback

    Who will benefit from this case? If you want to know how to combine e-commerce with blockchain, this use case is for you. Below is an example of work for our client that represents a combination of two worl

    GameFi Free-To-Play fusion of Trading Card Game & Board Game

    Who will enjoy this case? This use case will interest people who want to incorporate crypto-economics into games or other entertainment platforms (GameFi). Web3 gaming is gaining popularity. There’s a

    Tokenomics Explained – Tokenomics Depends on the context

    The following article may prove extremely helpful and insightful for founders of various projects who wish to implement blockchain technology in their industries. If you plan to design a well-thought-out token

    What do our clients say?

    Top Blockchain
    Consulting Company 2023


    Thanks to’s work, the client was able to add a news section to their portal and integrate a new CRM on the backend. The team offered great project management due to their responsiveness and high-quality work. Moreover, their Web3 ecosystem knowledge was impressive. executed their tasks flawlessly and delivered everything on time. The reliable team communicated effectively and frequently, ensuring a seamless workflow. Their valuable insights and consulting support and cost-effective pricing made them stand out.

    Legends of Elysium enabled the client to analyze and create marketing materials independently. The team ensured constant availability, provided quality documents, and was open to questions and concept changes. Their extensive knowledge, timely delivery, expertise, and cost-effectiveness were commendable.

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    Whether you have questions, collaboration ideas, or just want to say hello, we’re here and ready to connect. Your inquiries are important to us, and we look forward to engaging in meaningful conversations.

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