BIC-i videouudiste saade: Loot NFT Project

In this episode of the BeInCrypto video news show, host Jessica Walker looks into a mitte-asendatav token (NFT) projecting heating up, just as the NFT market appears to be cooling off. American entrepreneur and programmer Dom Hofmann created a system where NFT collectors can spend money to create unique bags of items, called Loot. 

Despite not having any artwork or real game tied to it, a market began to form around its scarcity and prices quickly soared. In one case, a user is even selling a “Divine Robe of Power” for 300 ETH, which is equivalent to more than $1 million USD!

Mis on Loot?

Kohta Loot website, kirjeldab projekt end kui esimest omataolist ja selgitab NFT-de funktsiooni järgmiselt:

„Filtrimata ja tsenseerimata ehitusplokid lugude, kogemuste, mängude ja muu jaoks kogukonna kätes ja tasuta. Loot taotleb täielikku detsentraliseerimist esimesest päevast peale.

Erinevalt ülalt-alla lähenemisviisist, kus NFT arendajate otsused loovad väärtust, kasutab Loot alt-üles lähenemisviisi. Projektist tulenev väärtus tuleneb otseselt sellest, kuidas kogukond sellega tegeleb. 

Fueled by the endless possibilities for Loot, a strong community has formed around the project. Loot owners have already started building pixel art characters, a metaverse, and quest maps, using the same on-chain generation and randomization as the original Loot project.

AGLD

Following last week’s release of NFT project “Loot (for Adventurers),” a host of related projects have sprung up as part of an ever-expanding fantasy “Loot-verse.” One derivative that has stolen the limelight is the Adventure Gold token (AGLD). 

Loodud Ethereum veteran Will Papper, Adventure Gold is an ERC-20 token representing gold coins, a common currency in fantasy role-playing settings. Like Loot, AGLD is an open book, with the community deciding how the tokens should be used. Adventure Gold was distributed via an maandamisalus, with all Loot NFT holders receiving 10,000 AGLD, creating a current max supply of 80 million tokens. 

Alates selle turuletoomisest on AGLD hind muutunud paraboolseks. Viimase 24 tunni jooksul on token tõusnud üle 1600%, jõudes reede hommikul tipptasemele 7.29 dollarit enne jahtumist. Igaüks, kellel on õnne saada koti AGLD, oleks võinud selle müüa 70,000 500 dollari eest, peaaegu sama palju kui Loot NFT-d praegu maksavad. AGLD kogu turukapitalisatsioon on praegu üle XNUMX miljoni dollari.

Who is behind Loot?

Loot is the latest project of Dom Hofmann, who is best known as the co-creator of Vine, which helped to establish the short-form video format on mobile devices and became an incredible engine of meme culture along the way. Later he created Peach, a pop-up social network that remained beloved by its users far after its brief moment in the spotlight faded.

Hofmann recently learned how to create smart contracts on the Ethereum blockchain. He also sold an art piece he had created as an NFT and enjoyed the process. As he created, he became more and more interested in using NFT-d to inspire decentralized creative projects. In March, he created Blitmap, which he described as a “community-created fantasy universe” that became the blueprint for Loot.

Loot Launch

Loot was announced on August 27th with this tweet, and it’s been making waves ever since. The idea is that you spend some money to create a unique list of items that you could keep in the same rahakott where you’d keep cryptocurrencies or other digital collectibles, typically art.

A market quickly formed around these unique lists of items. The “floor,” or minimum price to buy into a Loot “bag,” shot to thousands of dollars worth of Ethereum. Certain kinds of items in these lists sounded cool and were found to be rare upon analysis of the entire set, and so bags containing them rose in value to extreme heights.

Loot’s future?

So what does the future hold for Loot? It’s a project that turned from a list, through lists with stats and avatars to now having its very own token, that has a market cap of $280 million. Will this turn into a full-blown blockchain game? Will it keep evolving the NFT-d you can have and trade? No one really knows for sure, not even the creator Hofmann.

Many have been speculating that the final version of this is a game full of characters that could rival the Marvel universe. But with one key difference, all this is community driven and is owned by it. Whether Loot will be the medium that brings this universe to life remains to be seen. One thing is for sure though, the future is decentralized!