Elixir Marketplace Review
Elixir is a portal for buying and selling bitcoin-focused NFTs and digital asset collectables. The portal is an offering from Satoshi’s Games Inc — a gaming-centric technology company based out of Madrid, Spain. Satoshi’s Games was founded in December 2019 and launched the Elixir NFT Marketplace in May 2021.
Elixir’s marketplace operates on the Liquid sidechain.
What is an NFT Marketplace?
An NFT Marketplace is a marketplace for NFT. So far so good. But what is an NFT?
NFT is an acronym for “Non-Fungible Tokens”. Something which is fungible is replaceable. For instance, one kilo of 24 karat gold is – at least in theory – replaceable with any other kilo of 24 karat gold. When something is non-fungible, it means that it is unique, and not replaceable with any other item out there.
Although NFTs are conceptually similar to cryptocurrencies, these digital assets might represent antiques & artworks, collectables like trading cards, and other items with unique features. These tokens are stored cryptographically in a blockchain network for authentication and validation. Even when transacting, each token is sold as a whole, unlike cryptocurrencies which are divisible into smaller units. NFTs lose their value when split into smaller portions, however, they can be duplicated by the artist and each additional copy can be sold separately (but the total number of duplicates will then always be known).
Elixir Marketplace Focus
Elixir’s NFT trading platform focuses on the gaming community’s passion for Satoshi’s Games’. Users can trade in-game items from games like Light Nite, Satvival etc. Elixir leans heavily on the ‘leisure economy’ i.e. an economy where playing games attract rewards. For instance, players can accumulate bitcoins while shooting an opponent, making in-game microtransactions etc.
Elixir Marketplace Fees
Typically, when you make a trade at any NFT Marketplace, they charge you with a commission or a fee.
In the case of Elixir, we could not spot a fee schedule on their website. We will are keeping an eye on future announcements from Elixir and will definitely update our review with the platform fee/commission rates.
Layout of Elixir Marketplace
Different NFT Marketplaces present their NFTs, the latest bid and the remaining time of an auction etc. in different ways. What you are most comfortable with viewing and using is up to you and no one else. The following picture is a print screen from Elixir:
Elixir Marketplace Payment Methods
A few of the NFT Marketplaces out there accept deposits and payments via credit or debit card, and some even accept PayPal deposits.
We could not locate any information about Elixir’s accepted payment modes for deposits and withdrawals. We will update the review when the details are available on Elixir’s website.
If Elixir is the marketplace for you then we are happy for you. Good luck!
However, in case you want to look at other alternatives, you may check out any of our other reviews of NFT marketplaces in our List of NFT Marketplaces.