True Elves are now creatures of myths and legends. They were the first of the sentient mortal races created. Closest to the immortals. Creatures of magic, myth, perfection, grace and ageless (yet still mortal).
As a race they were scarred most by being used in the immortal wars. Their ageless bodies kept the memories alive. This lead them into becoming incredibly isolationist. Retreating to nature and cities wrought in magic to keep them eternal.
Then through deception the Human armies believed the Elves had destroyed their Empire’s Capital city and begun a genocidal campaign to wipe them out, secretly directed and aided by the Shadows.
When the Shattering happened it was believed there were no True Elves left. If there were they would be creatures of grief, spite and power….
In this world True Elves replay the Fay as there is no Faywild (there are fay creatures still however and they are mainly creatures that associated with the True Elves or sometimes the elves now). Fay pact magic is actually with a True Elf using their preshattering magic to grant abilities to mortals.