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What is Loot and Why is Everyone Talking About Loot NFTs and AGLT?

cryptocurrency 1 month ago


Loot was launched by American entrepreneur and programmer Dom Hofmann, who created a system where NFT collectors can spend money to create loot bags of unique items, with just 8,000 loot bags to ever be made. 🚀 Save money on every crypto trade you make with StormGain! Enjoy a onetime 0.1% trading fee with this link: https://go.beincrypto.com/get-low-comissions Visually, the NFTs are represented as nothing more than a list of items, with “stats, images, and other functionality intentionally omitted for others to interpret,” according to the project’s website. 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! 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). Created by 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 airdrop, with all Loot NFT holders receiving 10,000 AGLD, creating a current max supply of 80 million tokens. Since its launch, the price for AGLD has gone parabolic. In the past 24 hours, the token has risen over 1600%, reaching a peak of $7.29 Friday morning before cooling off. Anyone lucky enough to receive a bag of AGLD could have sold it for $70,000, almost as much as the Loot NFTs currently cost. The total market capitalization for AGLD currently stands at over $500 million. #Loot #AGLD 📊 Join our global trading community on Telegram. Get access to a free trading course, trading signals, and receive help from professional cryptocurrency traders. ✈️ JOIN NOW!: https://t.me/BeInCryptoCommunity TWITTER: https://twitter.com/beincrypto FACEBOOK: https://www.facebook.com/beincrypto INSTAGRAM: https://instagram.com/beincrypto/ TIKTOK: https://tiktok.com/@beincrypto Disclaimer: Although BeInCrypto aims to inform and educate readers from all over the world, it is important to remember that investing in cryptocurrency is risky. Neither this video nor its authors should be held responsible for any investment decisions, and nothing published here should be considered financial advice. We always urge our readers/viewers to do their own research and never invest more than they can afford to lose.
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