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Loot: An Open Culture Lego in the Web 3.0 World

An analysis of the Loot project, it’s ecosystem, and future predictions of its development in the NFT space.

Sep 10, 2021

Loot is an NFT project dropped on the 27th of August this year, created by Dominik Hofmann, one of the creators of the popular social media app, Vine. Loot is a collection of 8000 tokens with no image, marketing, no UI, no mint fees, requiring only gas fees.

The NFTs themselves are a .txt file of eight types of randomly generated adventurer gear, such as ‘Divine Robe’, ‘Necklace’, and ‘Bone Wand’, with any visual representation intentionally left for holders to imagine.

In this article, we will attempt to give an overview of how Loot fits into the Web 3.0 World, the Loot ecosystem, and the future of Loot.

Read the full PDF version of the Loot: An Open Culture Lego in the Web 3.0 World here.

Tags

crypto research

loot

NFT

Web3

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