The cryptocurrency market is undergoing a massive correction. One of the biggest players in this “bear market” has been NFTs (Non-Fungible Tokens). The value of these coins dropped by an estimated 80% since Q4 2018, with many speculating that it will never recover its price point prior to December. However, there are signs indicating that the bear cycle could be nearing an end soon as some major players have already made large gains from their investments.

The “current economic trends 2021” is an important update and optimization that we have made to the platform. This will allow us to make sure you are getting the best experience possible on our site.

Important Economy Update & Optimization

Only in economics textbooks does the “normal condition of the economy” exist.

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We just implemented economic balance, and the results were outstanding. But it was only the start. We will construct an exchange for the interchange of resources with the forthcoming update, which will lower the number of NFTs and increase the economy’s freedom. Furthermore, resources may be spent on a variety of things. Consider the case of potions. Potions, in turn, have a variety of effects in adventures. As a result, the economy will be cyclical. In addition, to provide variety to the gameplay, we will include another journey for the components for these potions. But there is more that will need resources, which we will not tell ahead of time.

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This is a critical economic update, and we’ve considered several possibilities for the course of events and evaluated all of the risks, but this isn’t an exact science, so we’ll keep an eye on what happens on the market in the next weeks.

If such a need exists, we will be willing to alter production, mining, cost, and commodities pricing in order to bring the economy back into balance. We anticipate that this upgrade will boost the economy while also improving the gameplay and overall enjoyment of the game. Players should devise different economic tactics after the upgrade.

Following this update, a crucial phase of the game begins. The initial combat prototypes and the development of skill-based mechanics. We want to warn you that this will be a mild introduction of the fighting system at first, but it will develop with time.

We also came up with a solution that will significantly reduce the consumption of WAX resources: CPU & RAM. One of them is the creation of an internal wallet. Tokens after each adventure will be stored there and you can display them in the settings in a couple of clicks. Previously, each adventure created a transaction for rewards. This will reduce the number of transactions. Another effect of this will be a decrease in the number of clicks, which will also affect the improvement of the user experience.

As a result, the realm of Elgard had many more fascinating experiences in store for us… Thank you for sticking with us this far!

Sincerely,

NFT Panda: World of Fantasy Team is your NFT Panda: World of Fantasy Team.

The “current economic situation” is an important update to the game. The economy has been optimized and players will be able to build their own cities, fight for resources, and more.

Frequently Asked Questions

What economic reports are due this week?

What is the current situation of the economy?

A: The economy is currently in a state of limbo, with no clear signs that it could go up or down. Some economists believe we may be experiencing the beginning stages of hyperinflation and recession simultaneously, which would make for an extremely difficult time period to live through.

What are the current issues in economics?

A: The current issues in economics include global recession, low productivity rates and the uneven distribution of wealth among individuals.

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