- NFT game Loot exceeds 113 million in transaction volume, competes with Axie Infinity and Crypto Blades.
- The floor price of "Loot Bags" climbed from $24,000 to $46,000 within a week, one to three tokenized words are priced above $5,500.
- A text-based adventure game has emerged as a competitor to NFT-based video games Axie Infinity and Crypto Blades.
According to NFT collectors and gamers, LOOT is a viral social network, unlike other projects building a metaverse. The project offers a unique list of items that traders can hold in a wallet where they hold cryptocurrencies.
NFT project Loot set to dominate the metaverse
The latest non-fungible token project to garner the attention of gamers and NFT collectors is a text-based random adventure gear generator.
The creator of the project, Dom Hoffman, who previously created Vine, a short-form video hosting service, came up with the idea for a text-based adventure that would serve as the basis for original video games.
Hoffman wrote a random item generator that returned names of weapons, pieces of armor and accessories that were bundled and sold as "Loot Bags."
LOOT
– randomized adventurer gear
– no images or stats. intentionally omitted for others to interpret
– no fee, just gas
– 8000 bags totalopensea: https://t.co/qSnRJ1FD0n
etherscan: https://t.co/bF9p0RSHX2available via contract only. not audited. mint at your own risk pic.twitter.com/uLukzFayUK
— dom (@dhof) August 27, 2021