LOOT NFT Craze See’s Absurd NFT Valuations and Massive AGLD Airdrops

Loot NFTs skyrocket in value while native Loot NFTs project Adventure Gold simultaneously captures tremendous market attention while continuing to expand the Loot NFts ecosystem.

By
John Tunney
on
September 4, 2021
Category:
Blockchain News

Loot NFTs and Massive Airdrops 

Loot (For Adventurers) NFTs have recently become some of the most expensive and sought after NFTs in DeFi. With over 43,000 Ethereum tokens (equal to over 169 million in USD) in total volume traded since Loot NFTs launched, the Ethereum based NFT platform has gained monumentous traction. 

Loot (For Adventures) is an NFT platform that offers NFTs showing 8 written randomized items in white text against a black background. The project notes that functionality is intended for interpretation and to use Loot however they would like. 

“Loot is randomized adventurer gear generated and stored on chain. Stats, images, and other functionality are intentionally omitted for others to interpret. Feel free to use Loot in any way you want,” Loot (For Adventures) writes describing their NFT collection. 

Shown below is Bag #3043, the rarest Loot (For Adventurers) NFT seen to date. The rarity is based on a GitHub file put together by Anish Agnihotri, which ranks each Loot Bag NFT based on rarity.

Source 

Loot NFTs are incredibly unique, specifically because of the ability for smart contracts to read and interact with a Loot NFT’s data. This is important is because it gives Loot NFTs the inherent ability to allow for building. 

Builders quickly joined the Loot NFT craze, including the new and trendy DeFi project Adventure Gold (AGLD)


$47K+ in AGLD Airdrops

It all started when blockchain expert Will Papper began building upon Loot NFTs coding. He soon created and launched Adventure Gold (AGLD) on September 1st. The protocol immediately exploded, pushing over a $347 million market cap according to CoinGecko during a couple of days following the project's inception. 

To begin September, the protocol airdropped each Loot NFT holder 10,000 AGLD per Loot NFT they owned. The current trading price of AGLD is roughly $4.71, according to CoinGecko, meaning each Loot NFT holder was given approximately $47,000 USD worth of AGLD.

“Adventure Gold is now available for @lootproject! Claim 10,000 $AGLD per Loot bag. Go here to claim: https://etherscan.io/token/0x32353a6c91143bfd6c7d363b546e62a9a2489a20#writeContract. Most people will want to use "claimAllForOwner'' unless they want to leave some Loot unclaimed,'' wrote Papper in his announcement tweet.

Adventure Gold has already shot up into the top 200 cryptocurrencies based upon market cap, ranking at #194 at the time of writing, according to CoinGecko. Papper describes that AGLD can be used for anything but is currently being used as a governance tool to vote governance mechanisms and storylines. 

As NFTs and their capabilities become more refined and financially rewarding, projects like Adventure Gold have successfully integrated with the growing NFT craze, adding different use cases and value to investors.


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John Tunney

John Tunney is an accomplished analyst and crypto enthusiast. The UCLA alum has been actively reporting and blogging for 3 years, and has a passion for all things finance.

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