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Cryptocurrency Ecosystem => NFTs & Collectibles => Topic started by: Jaya60 on August 27, 2022, 08:04:37 PM

Title: Loot, One Year Later: The NFT Hype Is Dead—But 'Lootverse' Hope Lives On
Post by: Jaya60 on August 27, 2022, 08:04:37 PM
Lists of fantasy gear sparked a market boom (and bust), but also the imagination of builders. Loot-inspired games and media are nearing release—and a “Loot 2” NFT launch could accelerate growth. Hype skyrocketed—but it didn’t last. While the average sale price for a Loot NFT soared to over 21 ETH, or about $84,000 at the time, the speculative frenzy soon faded. Prices fell, volume slowed, and the buzz quieted in the weeks that followed its launch. But Loot’s creative spark was real.

A small community of creators continue to use the NFTs as “scaffolding” to inspire an array of games and more. One year after the hysteria, the builders of the “Lootverse” told Decrypt about building in the wake of deflated hype, why they believe it’s the start of a creative revolution, and how “Loot 2” might accelerate it.more info (https://decrypt.co/108354/loot-one-year-later-nft-hype-dead-lootverse-hope-lives-on)