The existence of Elves are mere rumors in the current world. They are creatures of fairy tales that are woodland spirits that guard the forests. The are easily recognized by their slender bodies, pointy ears, different colored eyes, and oddly colored hair.
The only proof of existence is a burned down city that was built in the trees. No bodies are found near the city. Stories became popular to scare kids from going into the woods at night or they would be lured in and killed by Elf Maidens. They seem to be in touch with nature, and sightings have been reported the deeper man travels into the Forest of Asheron which is forbidden to travel through.