The crypto community has recently been buzzing about a remarkably simple NFT project: Loot—featuring nothing but white text on a black background. So, what exactly is Loot? What is the AGLD token? How can you acquire and trade AGLD? Let’s dive into the details below.
What Is Loot?
Loot is an NFT project consisting of a collection of 8,000 "Loot bags" (expandable since September 5th) containing "unique adventurer gear," created by Dom Hofmann. At launch, anyone could claim these bags for free (minus gas fees), and all bags were claimed in under four hours.
The project’s website is intentionally minimalist: Loot.
Each Loot bag contains eight items:
- A piece of chest armor
- Footwear
- Handwear
- Headgear
- Neckwear
- A ring
- A waist item
- A weapon
Bags #1–#7,777 were publicly claimable, while #7,778–#8,000 were reserved for the contract deployer.
Why Is the Community Obsessed with Loot?
To grasp the frenzy around Loot, consider this: Would you pay ~$1.6M for an NFT displaying nothing but a text list of fictional items?
Example of a Loot bag’s content:
- "Dragonhide Belt"
- "Shadowsteel Ring"
- "Frostbrand Sword"
The hype began with this tweet by Dom Hofmann, and within days, Loot went viral.
Key Factors Behind the Craze:
- Dom Hofmann’s Reputation: Creator of Nouns (12 NFTs generating $5.3M) and Blitmap, Dom’s track record fueled demand.
- Community-Driven Storytelling: Unlike traditional NFT projects, Loot empowers users to create their own narratives, art, and games using the items. Tools for expansion are provided here.
- Endorsement by Vitalik Buterin: Ethereum’s founder praised Loot’s open-ended design.
Projects built around Loot include:
- Metaverse worlds
- Pixel art
- SDKs (e.g., Loot Rarity)
- Adventure Gold (AGLD): A token airdropped to Loot holders (10,000 AGLD per bag), peaking at $7.7/AGLD ($77,000 value per claim).
How to Mint a Loot Bag
Since September 5th, users can mint additional bags (#8,001–1,316,000).
Steps:
- Visit the contract page.
- Select Contract → Write Contract → Claim.
- Enter a number between 8,001 and 1,316,000. If gas fees spike, the bag is already minted—try another number.
👉 Check item rarity here before minting.
Rarity Tiers:
| Item | Rarity (Out of 8,000) |
|--------------|-----------------------|
| "Dragon" | ~1% |
| "Divine" | ~3% |
| ... | ... |
AGLD Token Details
Key Metrics:
- Name: Adventure Gold
- Ticker: AGLD
- Blockchain: Ethereum (ERC-20)
- Contract: 0x32353a6c91143bfd6c7d363b546e62a9a2489a20
- Total Supply: 72,760,001 AGLD
Use Cases:
- Governance for Loot-based projects (e.g., voting on storylines).
- Future utilities proposed by the community.
How to Acquire AGLD
Storage & Exchanges
Wallets:
AGLD is ERC-20 compatible. Use:
- MetaMask
- Coin98 Wallet
Exchanges:
- CEX: Huobi, OKX
- DEX: Uniswap V3 (future integration).
Roadmap & Team
Core Team:
- Dom Hofmann: Creator of Vine, Nouns, and Blitmap.
- Will Paper: Co-founder of Syndicate Protocol (launched AGLD).
Similar Projects
Loot’s minimalist, community-driven approach is unprecedented in the NFT space.
FAQ
Q: Can I still claim a free Loot bag?
A: No. The initial 8,000 bags were claimed in September 2021, but new bags can be minted.
Q: What’s the utility of AGLD?
A: Primarily governance, with potential future use cases.
Q: Why is Loot so expensive?
A: Scarcity (8,000 original bags) and Dom Hofmann’s reputation drive demand.
Q: How do I check my Loot bag’s rarity?
A: Use this tool.