DAOrayaki｜Loot: 从文本文件到完全去中心化的社区

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2 years ago • 30 min read • Loading Views

Loot: 从文本文件到完全去中心化的社区

DAOrayaki DAO Research Grant：

Fund Address: DAOrayaki.eth

Voting Result：DAO Committee Yes

Grant Amount： 100USD

Category: Loot, Bored Ape Yacht Club, NFTs, top-down and bottom up approaches, Blitmaps, Nouns, Supdrive, meta-MMORPG, Gaming, Metaverse, 0xinventory.app, $AGLD, The Grand Exchange

Contributor：Jones, julie @Daorayaki

简介：

这是什么？为什么他们以 13 个 ETH 或超过 5 万美元的价格被出售？我们可以告诉你的是，这个 NFT 项目被称为“Loot”，它可能是我们见过的最重要的 NFT 之一。在这篇文章中，我们将分解“loot”的 NFT 项目。这些 NFT 席卷了整个社区，很多人都在问这些到底是什么？它可能会在技术上有点混乱，有一些加密狂热者的对话，所以我们会用简单的术语为你解析。

什么是Loot?

在深入研究细节之前，让我们先从 Loot的抽象定义开始，Loot 是一个新创建的基于以太坊的 NFT 项目，在短短几天内就引起了加密社区的关注。同时，Loot是一款绝对的meta-MMORPG，具有从游戏发展为基础的市值第二大加密货币区块链的元世界的巨大前景。

这个 NFT 项目最近风靡社区。这个NFT只是看起来很简单，只有一个文本文件，几个短语或单词的图片。正如我们在下面看到的一个loot NFT 的例子。

这就是它的样子。它只是一堆单词或短语，全部编译为一个文本文件。这个 NFT 项目包含8,000 个独特的 NFT，它们都是不同随机生成的装备文本文件。现在只用文字表达，最终购买 NFT 的用户可以来解释在此基础上可以构建什么。

在loot网站上有一个关于“什么是loot”的很好的解释，loot 最初是由“Dom Hoffman”发布的 8,000 个独特的冒险装备“bags”的集合，如果你不知道“Dom Hoffman”是谁，他实际上是“vine”的联合创始人，并在该领域创建了很多独特的 NFT，并被认为是 NFT 中的领先创造者之一。获释时，任何人都可以索取其中一个loot bags，仅用于gas，所有bags都在不到四小时内就被认领了。

每个loot袋中包含八件物品，分别是冒险者的胸部、食物、手、头部、颈部、戒指、腰部和武器。如您所见，这只是提供了 NFT 项目的基本定义？

您可能仍然对它到底是什么感到困惑？这个项目背后的想法是为社区提供一组参数，这些参数是包含这八个不同单词或短语的文本文件，社区可以在此基础上构建任何内容。

8 月 27 日，Loot 项目以“Dom Hofmann”的推文开始，这位企业家和程序员更广为人知的身份是Vine 创造者。

在其中，他提到了一个基于文本的游戏，你可以在其中种植 NFT，甚至邀请那些感兴趣的人“周末来玩”。

同一天，“Dom”在没有任何警告的情况下发了推文一个没有网站，没有稀有工具或类似物品，只是一个直接的Loot推文项目随机冒险装备文字，没有故意省略图像或统计数据以供其他人解释。免费 8,000 袋gas总共可通过合同获得，未经审计，风险自负。

这是为项目本身所做的唯一宣传，只是这条推文宣布了项目的上线，仅此而已。Loot 的设计只是作为社区最终构建的基本参数：这个项目背后的想法是为社区或任何其他项目设置最简单的障碍或实际构建块，它被更多地视为一个社区或社会实验，而不是官方完整的 NFT。

为什么受欢迎？

Loot 越来越受欢迎的主要原因之一是“Dom 效应”。最近几周，Dom 创建了一些新的NFT项目，并迅速吸引了大批追随者。这些项目包括：

-Blitmaps - 一个社区制作的科幻世界。

-Nouns DAO - 一个实验性的 avatar-a-day 项目。

-Supdrive - 一个链上幻想游戏机。

声誉导致上述项目的许多粉丝立即抓住机会从 Dom 的实验中被吸引出来。 Loot 项目因此走红。

Loot 的显着特点是在meta-MMORPG 中，玩家使用 NFT为他们自己创建的世界创建场景。这些世界组合成一个真正的元宇宙，玩家可以是任何人，可以做任何事情。这从根本上改变了 NFT 空间的范式。

然后人们开始向朋友和同事讲述 Loot，随着兴趣的飙升，这些口口相传的对话在 NFT 生态系统中像野火一样蔓延开来。Loot 的“你可以为所欲为”的口号一直（并且仍然）欢迎所有精通以太坊的 Web3 梦想家，这一情况肯定会影响该项目的快速提升和分散世界的建设工作。

打开文化乐高！

由于 Loot的开放性及其智能合约基础设施，该项目属于是“文化乐高”，可以很容易地与其他 Web3 项目连接。

例如，在下面的插图中，您可以看到位图（墙上的图片）、名词（角色）和Loot（物品）都混在一起了。这是对即将发生的事情的一种体验吗？

为此，我们拭目以待。与此同时，大量社区项目已经出现，并为 Loot 用户构建新资源。这里的一些早期项目亮点包括：

- -0xinventory.app - 按稀有度对Loot进行颜色编码的工具。

- -$AGLD - Adventure Gold，一种用于故事构建的治理代币，已用于对Loot第1章进行投票。

- - The Grand Exchange - 一个由 Zora 协议支持的前端 Loot 拍卖行，它为通过PartyBid 对 Loot 物品进行分组投标铺平了道路（因为 PartyBid 目前仅支持基于 Zora 或基于基金会的拍卖基础设施）。

自上而下和自下而上的方法

正如您所知，现在 NFT 中的大多数项目已完成，它的工作方式是让用户拥有一个由中央权威机构发布的 NFT，让我们以Bored Ape Yacht Club为例，无论它是不是Bored Ape Yacht Club，用户发布艺术作品集和购买本身可以访问的完整角色设计以及代币，从Bored Ape Yacht Club 本身的实际创建者那里收到未来空投或附加内容。因此，由 Bored Ape Yacht Club的团队来交付并实质上为该代币提供价值。在 Loot 的案例场景中，loot 的创建者决定只为社区提供最基本的 NFT 项目的基本需求，并在此基础上进行构建。

所以这里有一种不一样的方法，你在 Bored Ape Yacht Club 是自上而下的，其中创造者本质上必须在 NFT 和Loot中提供价值和创新，这实际上是一种自下而上的方法，允许收藏家和在社区中实际拥有碎片以建立 NFT 价值的人。

随着这个项目的启动及概念，有很多猜测和吸引了很多来自外部以及很多加密狂的兴趣，从某种意义上说，这是一个真正去中心化的宝库，没有中央权威赋予这个 NFT 价值这是 NFT 最简单的方面，它允许 NFT 社区内的人建立项目本身，这是一个大的“社区“，能够长期维持某些东西并真正创造出有价值的东西，这个项目是否会完全失败，这完全取决于社区最终决定。

建立在 Loot NFT 之上

我们看到的一些很酷的事情是，这个项目已经有了衍生产品。因此，无论基于Loot的内容是什么，您都可以在作为 NFT 项目的构建块在此基础上进行构建，并且有像 MOE 这样的人为Loot项目创建了 AI 像素艺术。

因此，无论您的Loot引用是什么，请取消引用“那些小物品和东西”，如推文所示，他一直在创建像素化艺术版本来展示它们可能的样子，并且目前正在制作许多其他衍生品来构建社区或建立Loot本身的可持续模型。

这条推文简单地解释了Loot项目的核心。这是一个社区的社会实验，看看一个社区到底有多强大？整个去中心化生态系统中的社区有多强大？该项目有可能成为具有创新性的项目，甚至在加密空间之外也引起了如此多的加密项目和人们的关注。

现在我们知道从远处看它可能看起来像一个模因，但在结束时，这可能是我们所见过的最重要的项目之一，就其概念而言，不是它的实际情况，而是概念。它的背后实际上是一个社区是否能够为该 NFT 构建生态系统的测试。

Vitalik 点赞Loot

一件非常有趣的事情是以太坊的创始人“Vitalik”实际上在AMA回答问题时说：“我认为Loot项目的理念是对的。几乎任何人创造的任何东西都可以存在，重要的是其他人在很大程度上的建立。绝对真理是，一旦对象存在，你可以用它做什么受到编码到该对象的规则限制，但重要的问题是哪些对象取决于更模糊的力量”。

在他看来，该项目已经作为游戏的基础而存在，现在由社区来决定接下来会发生什么。下一级交互性。

有点类似于“以太坊”的整个目的是建立一个生态系统并让其他人在其上构建，给出参数是允许其他项目或其他人最终在其上构建的实际基础。这有点像发生的事情就是你知道的结果。 Vitalik 最初并不知道在你为以太坊构建基础块之后会在以太坊上构建什么，或者说一般的Loot项目就是这样，让它自由，看看会发生什么。

Loot的价值

现在对于项目本身来说，很多的人好奇心致使loot在某些情况下的售价在 12 到 15ETH 之间，有些甚至售出超过 30ETH的稀有Loot，其中包含非常稀有的物品。

这次的售价并不能完全证明整个 NFT本身是合理的。社区实际上必须在这个 NFT 之上建立一些东西来提供价值，使其真正符合现在的价值。我们认为，这些价格中有很多是在“假设”情况下确定的，该项目可能会发生，或者可以以此估值，因为它是识别这些模型的首批项目之一，同时提供一组新的 NFTs 创作。

如果查看 loot的网站，想在这里与您一起思考两个问题。为什么Loot很特别？Loot 是同类项目中第一个没有公司、艺术、团队或属性的独特项目，Loot使任何创造性决策都无法保证。Loot 是未经过滤、不可审查的故事、体验、游戏等内容综合起来，免费提供给社区。从一开始就追求完全去中心化。第二个问题，我可以用Loot构建吗？是的，您可以以任何您想要的方式自由使用Loot来获得灵感，查看社区整合的现有资源。

去中心化社区

Loot 是专门为去中心化社区设计的，目的是为了看到社区最终可以为项目本身带来更多创造力。我们发现这个模型非常有趣，因为它提供了一个机会，看看如果在第一天实施去中心化会发生什么，社区实际上能构想出什么？社区是否可以开发一些改变世界但实际上却是非常惊人的东西，它赋予了 NFT 价值？可以做什么？我们认为这即是一个程序员，也是一个加密狂，只是想一下如果去中心化允许人们建立一个社区并在此之上建立一个项目并且不是一个集权秩序会怎样。

你们中的一些人可能仍然对这个项目是什么感到困惑。这是Loot被完整描述成一个 NFT 项目，它设置了一组基本参数，使其成为社区的基础和构建块，可以在此基础上构建任何它想要的东西。第一天灌输的是去中心化，没有中央集权形式，完全由社区来为这个 NFT 增加价值并创造一些有价值的东西。这个概念可能会让一些人感到困惑，但有一些有趣的案例场景，如果它正确播放，最终会是什么。我们可能会问的问题是真的可行吗？ NFT 项目中的社区真的可以构建一些有价值的东西吗？是否有其他项目将遵循相同类型的模型？

我们还认为，这进一步证明了社区、群体对于最终创造的东西来说都是最重要的。它们是有史以来最强大的 NFT。 NFT 只是一个项目，它背后的社区最终会为NFT 赋予价值，我们认为这个项目特别表明了这一点。

巨魔衍生品和投机警告

随着Loot的爆发，我们已经看到了这个项目本身的很多Troll衍生品，我们会看到很多项目会复制 Loot 做的事情，而不是仅仅设置一个简单的骨架，参数。这也会引起很多猜测，同时开发人员很容易将一些东西放在文本文件中，然后将一堆简单的单词作为 NFT 出售，这取决于社区最终的决定无论发生什么，这是对所有人的警告，完全是推测性的，与您的推测基本上一样。

除了社区本身之外，没有你最终能够押注的中央权威或团队，因此，如果社区不好，这种类型项目的社区没有人积极地在 NFT 上构建，那么 NFT 文本文件中的那些文字可能一文不值。这可能最终会导致彻底失败或取得巨大成功，这有点像人们最终将在这些类型的项目中扮演的角色类似。现在 loot 本身可能仍然具有价值，因为它是第一个或第一个真正将这个概念引入主流的项目，但你最终看到的其他试图复制或做与 loot 相同的项目则很有可能失败。在这种情况下，成功与否完全取决于社区如何构建，因此如果您决定尝试购买其中之一，请首先确保查看社区中的人是否真在积极尝试使用这些参数进行构建，如果您没有看到，这则是一个巨大的信号，而不是购买这些 NFT，但我们离题了，这完全取决于您，而不是财务建议。

结论

希望我们能够对这个项目是什么以及为什么它有价值提供一些清晰的解释。作为非常独特的 NFT 项目被引入该空间的原因之一是由于您单击链接。因为它在社区内引起轰动，人们都在谈论它，所以我们有兴趣看看这最终会如何发展，社区是否能够在它的基础上进行创新及构建，是否会有其他人取得成功。哪个衍生品会成功？哪个社区会获胜并最终真正建立一些有价值的东西？这种自下而上的方式将继续在我们看到的NFT 的未来项目中实施。

联系方式：

Loot official website: https://www.lootproject.com

Loot official Twitter: https://twitter.com/lootproject

Loot founder DOM Twitter: https://twitter.com/dhof

Loot tracking the attributes of the holy robe: https://robes.market/

Loot tracking the attributes of the katana: https://weeb.market/

Generate pixelated characters based on loot ID: https://www.lootcharacter.com/

Check the rarity: https://0xinventory.app/

Loot rarity: https://docs.google.com/spreadsheets/d/1Al0Yi-tM7K_05pCKjkQtSJjwbV2jMfac1i_oC4j2EYI/edit#gid=1666761696

DAOrayaki DAO Research Grant：

Fund Address: 0xCd7da526f5C943126fa9E6f63b7774fA89E88d71

Voting Result：DAO Committee Yes

Grant Amount： 120USD

Category: Loot, Bored Ape Yacht Club, NFTs, top-down and bottom up approaches, Blitmaps, Nouns, Supdrive, meta-MMORPG, Gaming, Metaverse, 0xinventory.app, $AGLD, The Grand Exchange

Contributor：Jones, julie @Daorayaki

Intro

What the heck is this? and why are they selling for thirteen ETH or over fifty thousand dollars? Well what we can tell you is that this NFT project is called “loot” and it could be one of the most important NFTs we have ever seen created. In this post, we’ll be breaking down the NFT project called “loot”. These NFTs have taken the community by storm and a lot of people are asking what these are exactly? it can get a little technically confusing there's some crypto nerd talk in there, so we’ll be breaking down everything in simple terms for you.

What is Loot?

Before we dig into details let us start with the abstract definition of Loot, Loot is a newly created Ethereum-based NFT project that has captured the crypto community’s attention in just a matter of days. At the same time, Loot is an absolutely meta-MMORPG with great prospects for developing from a game into a metaverse based on the blockchain of the second-largest cryptocurrency by market capitalisation

So this NFT project has recently hit the community by storm. This NFT just looks on the bare look just a text file a picture of a couple phrases or a couple words. As we can see an example of a loot NFT down below.

This is what it looks like. It is just a bunch of words or phrases that are all compiled together as one text file. This NFT project contains 8,000 unique NFTs that are all text files of different randomized generated gear. Now the gear is only phrased within words and it is up to the user who ends up purchasing the NFT to interpret what to build on top of that.

On the loot website there is a good explanation of what is loot loot is a collection of 8,000 unique “bags” of adventure gear originally released by “Dom Hoffman” and if you don't know who “Dom Hoffman” is that is actually the creator the co-founder of “vine” he has also created a lot more unique NFTs within the space and considered as one of the leading innovators within NFTs. At release, anyone could claim one of the loot bags just for gas and all bags were claimed in under four hours.

Each loot bag contains eight items for an adventurer's chest, food, hand, head, neck, ring, waist, and weapon. As you can see, that just provided a definition of basically what the NFT project is right ?

You still may be confused as to what exactly it is? The idea behind this project was to provide a community a set of parameters which is those text files that contain those eight different pieces of words or phrases for then the community to interpret whatever to build on top of that.

On august 27th, the Loot project started with a tweet from “Dom Hofmann”, an entrepreneur and programmer better known as the create of Vine

In it, he mentioned a text-based game where you can farm NFTs and even invited those interested to “jam on this over the weekend”

On the same day, “Dom” tweeted out without any warning no website no rarity tools or anything like that just a straight up tweet for the project loot randomized adventure gear no images or stats intentionally omitted for others to interpret no fee just gas 8,000 bags in total available via contract not audited mint at your own risk.

This was the only promotion that was done for the project itself, just this tweet announcing the actual release of the project and that's it. Loot was designed just to be a bare bones piece of parameters for the community to end up building on; the idea behind this project was to set the most simplest sets of barriers or actual building blocks for a community or any other project to be built on. Think of this as more of a just a community or social experiment rather than an official complete NFT.

Why is it popular ?

One of the main reasons for Loot’s growing popularity is what you may call the “Dom effect”. In recent weeks, Dom has created a handful of innovative NFT projects that have quickly amassed a cult following. These projects include:

- Blitmaps - a community-crafted sci-fi fantasy universe.

- Nouns DAO - an experimental avatar-a-day project.

- Supdrive - an on-chain fantasy game console.

Such a reputation has resulted in many fans of the aforementioned projects immediately jumping at the opportunity to mint from Dom’s next experiment. The Loot project went viral as a result .

Loot’s distinguishing feature is that within the meta-MMORPG, players use NFTs to create their own scenarios for the worlds they themselves have created. These worlds combine into a real metaverse, where the player can be anyone and do anything. This fundamentally changes the paradigm familiar to the NFT space.

People then started telling friends and colleagues about Loot, and as interest spiked these word-of-mouth convos spread like wildfire among the NFT ecosystem. Loot’s “You can do whatever you want” mantra was (and remains) welcoming to all strips of Ethereum-savvy Web3 dreamers, a reality which has surely factored into the project’s rapid ascension and decentralized worldbuilding efforts.

Open culture legos!

Because of the open nature of Loot and its smart contract infrastructure, the project is a “culture lego” that can be readily connected with other Web3 projects.

For example, in the fanfic illustration below you can see Bitmaps (the picture on the wall), Nouns (the character), and Loot (the items) all mashed up together. Is this a taster of what’s to come?

For that, we will have to wait and see. In the meantime tons of community projects have already popped up and built new resources for Loot users. A few early highlights here include:

- 0xinventory.app - a tool for color-coding Loot items by rarity.

- $AGLD - Adventure Gold, a governance token for storybuilding that is already being used to vote on Loot Chapter 1.

- The Grand Exchange - a front-end Loot auction house underpinned by the Zora protocol that paves the way to group bids on Loot items via PartyBid (as PartyBid only supports Zora- or Foundation-based auction infra currently).

Top-Down & Bottom Up Approach

As you know most projects in NFTs right now are mostly complete, the way it works is that you have a NFT that is released by a centralized authority whether it be Bored Ape Yacht Club let's use it for an example releases set pieces of art and once an owner purchases that they already have access to the complete character design as well as whatever future airdrops or additions that the token may receive from the actual creators of Bored Ape Yacht Club itself. So it is up to the team of Bored Ape Yacht Club to deliver that value and essentially provide value to that token. In Loot's case scenario the creator of loot decided to provide just the most basic bare-bone needs for an NFT project for the community to then build upon.

So there's a different approach going on here, you have a top-down approach with Bored Ape Yacht Club, where the creator essentially has to provide the value and innovations within that NFT and loot which is really a bottom-up approach allows the collector and the people who actually own the pieces in the community to build the value of the NFT.

With this project launching and the whole concept behind it there was a lot of speculation and a lot of interest coming out from outside sources as well as a lot of crypto nerds, because this is a chest of true decentralization in a sense, there is no central authority giving value to this NFT it is the most bare-bone aspect of an NFT and it allows for the community, it allows for the people that are within this NFT community to build out the project itself and that is the big “what if” whether the community will be able to sustain something in the long term and actually create something that is worth value or if this project will completely fail it is totally up to the community to end up deciding that.

Building on Top of Loot NFT

Some of the cool things we have seen is that there's already derivatives being taken place for this project. So whatever's based on the loot, you can build on top of that being the building block of that NFT project and there's people like MOE who have created AI pixel art for the loot project.

So whatever's in your loot quote unquote “those little items and everything" like the tweet shows, he has been creating pixelated art version of showcasing what they could possibly look like and there's many other derivatives that are currently being made out right now to build the community or build the sustaining model of loot itself.

This tweet simply explains what the loot project is at its core. It is a social experiment for the community, it’s to see how powerful is a community really? How powerful is a community within the whole ecosystem of decentralization? This project has the potential to be something so innovative and creative that has sparked the attention of so many crypto natives and people even outside of the crypto space.

Now we know it may seem like a meme from afar, but at the end of the day this may be one of the most important projects we have ever seen created in terms of its concept, not the actual reality of what it is but the concept behind it of it actually being a test of whether or not a community is able to build out this ecosystem this universe for the bare bones of that NFT.

Vitalik likes Loot

One of the extremely interesting things is that “Vitalik” was actually doing an AMA and if you don't know who “Vitalik” is the founder of ethereum and in response to a question he said “I think the loot project philosophy has it right pretty much anything that anyone creates exists what matters is to what extent other people build upon it. There is absolute truth in that once an object exists what you can do with it is limited by the rules coded into that object, but the question of which objects matter is decided by much fuzzier forces”.

In his opinion, the project already exists as the foundation of a game and now it’s up to the community to determine what happens next. Next-level interactivity.

Kind of similar to what the whole purpose of “ethereum” was to build out an ecosystem and have others build upon it, giving the parameters is the actual foundation allowing other projects or other people to end up building on top of it. and it's kind of like whatever happens is whatever ends up happening you know. Vitalik didn't initially know what was going to be built on ethereum at that point once you build the foundation blocks for ethereum or let's say the loot project in general it is kind of just this, let it free and see what happens.

The Value of Loot

Now of course for the project itself this is peaked like we said before the interest of many and caused for a extreme amount of speculation to happen for these specific NFTs and now they're being sold between 12 to 15ETH in some cases and some have sold for above 30ETH for rare pieces of loot that contain some actually pretty rare items.

This time the price doesn't completely justify the NFT itself as a whole. The community actually has to build something on top of this NFT to provide its value to make it actually true to what it's being valued at right now. We think a lot of these prices are being determined in the “what if” case scenario of what could happen with this project, or it could be valued at this because it's one of the first projects to identify these models and at the same time provide a new set of creation for NFTs.

If we take a look at loot's website there's two questions that we want to read with you here. Why is loot special? Loot is the first unique project of its kind with no company, art, team, or attributes, Loot makes it impossible to gate-keep any creative decisions. Loot is the unfiltered, uncensorable building block for stories, experiences, games, and more in the hands of the community at no cost. Loot pursues complete decentralization from day one. The second question, can I build with Loot? Yes, you are free to use loot in any way you want for inspiration, seeing existing resources put together by the community.

Decentralization & Community

Loot was specifically designed for Decentralization & Community to see the creativity that a community can end up coming up with for the project itself. We find this model extremely interesting because it provides the opportunity to see what could happen if decentralization is implemented within day one, what can the community actually come up with? can the community develop something that is world changing or actually something so phenomenal that it gives the NFT value? what can be done? and we think this is also a programmers and also a crypto nerd stream just to think about the what ifs of decentralization of allowing people just to build, a community to build out a project and they're not being one centralized order of authority.

Some of you still may be confused as to what this project is. A full description of what this is loot is an NFT project that sets a bare-bones set of parameters for it to be the foundation and building blocks for the community to build whatever it wants to on top of that. Instilled with day one is decentralization, no central form of authority it is completely up to the community to add value to this NFT and create something worthwhile. This concept may be confusing to some, but there are some interesting case scenarios what this could end up being if it's played out correctly. The questions we could be asking is can this actually work? Can the community within the NFT project actually build something worthwhile? Are there other projects that are going to follow this same type of model?

We also think this is further proof that a community, a group of people are the most important thing to whatever you end up creating. They are the most powerful NFT that could ever ever be created. The NFT is just a thing, the community behind it ends up giving value to that NFT and we think this project specifically is signaling that.

Troll Derivatives & Speculation Warning

With loot actually breaking out we've seen a lot of troll derivatives of this project itself for sure we’re gonna see a lot of projects that end up kind of copying what Loot did instead of just setting a bare bones, set of parameters. This will also cause for a lot of speculation at the same time it's extremely easy for a developer to just put something out put a bunch of just words in the text file and sell that as a as an NFT to then be like oh it's up to the community to end up deciding whatever this happens this is a warning to all of you that this is completely speculative this is as speculative that as you can get basically.

There is no centralized authority or team that you're going to be able to end up betting on besides the community itself, so if the community is not good if the people within that community for these type of projects aren't actively building on the NFT there's a possibility that that NFT those just words in the text file are worth nothing. This can end up being a total failure or a massive success right that is kind of like the role of the dice people are going to end up taking with these types of projects. Now loot itself may still hold value just because it's one of the first projects or the first project to actually bring this concept mainstream, but other projects that you end up seeing like this right that are just a text file of a bunch of words trying to copy or do the same thing that loot is doing are most likely to fail. In that case scenario it's totally up to the community to end up building on that project, so if you end up deciding on trying to purchase one of these make sure you check out the community first make sure that the people within that community are really actively trying to build something out with these parameters and if you don't see that that should be a very big signal and not to purchase those NFTs but we digress that is totally up to you not financial advice.

Conclusion

We hope we were able to provide somewhat of a kind of clear explanation about what this project is and why there is value to it this is a very unique NFT project that was introduced into the space one of the reasons why you're clicking this link is because it's made waves within the community and people are talking about it, so we are interested to see how this ends up playing out will the community be able to build something on top of it are there going to be other ones that end up succeeding which one which derivative will succeed which community will win and actually build something worthwhile in the end and is this approach this bottom-up approach going to be continued to be implemented within future NFT projects that we see.