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Why can black paper and white Loot attract so many people?

Read this article in 8 Minutes
Loot ultimately represents the building blocks of NFT, and how high they can fly depends entirely on the upper limits of the collective imagination of the community. It is a paradigm shift in the FIELD of NFT.
原文标题:《Darren Lau:为什么这么多人爱Loot?》
原文作者:Darren Lau,著名区块链投资人
Smell the chain


Loot, the NFT project, started airdropping just five days ago and has taken the NFT community by storm with simple lines of text instead of fancy JPG images.




First, what is Loot?


It's a deceptively simple concept.


"Just a TXT file with a black background," consisting of a randomly generated set of adventurer loot. In fact, anyone can cast for free at Loot's launch. It was founded by Dom Hofmann, co-founder of Vine, a twitter-owned short video sharing app, as well as Blitmap, an NFT community, and Supdrive, a video game project.


Hofmann does not set any resale fees, and he allows the community to use Loot NFT in any way they want, without his influence.




At first glance, Loot feels like any other regular NFT airdrop -- in fact, it does start out unobtruded, and the activity of minting Loot tokens doesn't even cause network congestion and Gas charges to rise).


On further reflection, though, it's more than that: it could represent a paradigm shift in NFT for the better, bringing us closer to cross-compatible games.


Loot ultimately represents the building blocks of NFT, and how high they can go depends entirely on the upper limits of the community's collective imagination. It feels like almost the entire community is building an open source role-playing game (RPG) in real time. The fact that they turned the whole script upside down is why everyone is so excited about it.





That's because Loot is essentially a minimum viable product that anyone can adopt and extend, build, evolve, and complete in any way they can imagine. So far, the community has at least welcomed this new developmental perspective of NFT, as evidenced by their active participation and the depth of knowledge built around the project. Everyone wants to be a part of it.


Look back at last year's DeFi summer and how DeFi Legos like lending and decentralized exchanges (DEX) triggered the emergence of new Legos like Yield Yield aggregators.


Now a similar phenomenon is happening with Loot projects.





The project's decision to leave no official explanation for Loot is a clever and bold design for the growing number of text versions of NFT. The community was given full autonomy to create Loot. Imagine if you liked some of the features of a Punk, but didn't like the whole look of the Punk, and if you changed it to fit your style, the 'identity' of the Punk you had was destroyed.


For Loot, because its owners have complete creative autonomy and people can easily create new designs to suit their tastes, the entire community will flock to it and praise it for "looking rare."


Arguably, the fact that there is no official artwork makes community-produced art more unique, as each artist has his own interpretation of Loot and can expand his knowledge more widely.



A: wow! You've created a whole new primitive!


Loot is an evolution of NFT, betting call options on community creativity and the projects that are starting to form around it. It captures the essence of the ecosystem in both collaborative character and creativity, and infuses new ideas into areas we thought we already saw well understood.


Ironically, it's just a "TXT" file, which is a much-needed drive for perfect writing; Now everyone has the opportunity to expand its knowledge base.


This raises a big question, how do you value Loot?

How do you evaluate a TXT file?

How do you value a work of art that continues to be completed with the help of the limitless creativity of the community?

By the sum of the rarity of its components, right?

Special gear to make the whole outfit exciting?

The strength of the Meme behind the faction?


Or even the concrete practice of bottom-up decentralized game ecosystem theory (thanks to Twitter V Fiskantes for his contribution to the term).




To be honest, there is no right answer so far, but we will definitely do our best.


Perhaps as the knowledge base around Loot grows, people can better determine the intrinsic value of Loot tokens.


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