BTC $44928.72 (-6.5%)
ETH $3162.24 (-7.4%)
USDT $1.00 (0.12%)
BCH $570.57 (-9.7%)
BSV $152.11 (-3.3%)
LTC $165.05 (-8.4%)
BNB $384.43 (-6.2%)
ADA $2.13 (-9.8%)
DOGE $0.21 (-8.9%)
BTC $44928.72 (-6.5%)
ETH $3162.24 (-7.4%)
USDT $1.00 (0.12%)
BCH $570.57 (-9.7%)
BSV $152.11 (-3.3%)
LTC $165.05 (-8.4%)
BNB $384.43 (-6.2%)
ADA $2.13 (-9.8%)
DOGE $0.21 (-8.9%)

Fantom Loot Brings the Loot Project to the Fantom Platform

Fantom Loot Brings the Loot Project to the Fantom Platform
  • Loot is a popular NFT platform based on Ethereum
  • Fantom Loot brings the Loot to the Fantom platform
  • More than 3000 Fantom Loot were minted within 10 hours

Dom Hofmann, the creator of Vine, Blitmap, and Supdrive, created Loot on the Ethereum platform. The project gained massive support as users found the NFT project very appealing. At the moment, Loot ranks on the top 7 NFT rankings by all-time sales, with $210 million worth in transactions.

Because of Loot’s success, Fantom Loot decided to bring the Loot project into Fantom, a fast, high-throughput open-source smart contract platform. Just like Loot, Fantom Loot features 8000 bags of unique adventurer gear. However, unlike the original project, Fantom Loot will not reserve any bags for the contract deployer. This means that all of the Fantom Loot will be minted by users.

In the Tweet above, the Fantom Loot team celebrated the huge success they gained as users minted more than 3000 Fantom Loot within 10 hours.

In a Tweet, the Fantom Loot team also reminded users to “build up our own value system” in Fantom. The team encouraged users to not be shackled by the original valuation system in the Ethereum version of Loot.

According to Vitalik Buterin, the founder of Ethereum,

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.

Recommended News

Joseph Joestar is a CoinQuora contributor. He works in various blockchain marketing content projects, specializing in written content such as technical whitepapers, press releases, and articles.