NFT and FRP mash-up as crypto meets crypt robbing

Old-school craze meets new in the latest mash-up in the crazy world of non-fungible tokens (NFTs): a project based on a text-based fantasy role-playing game.

Dan Hoffman, best known as the co-creator of Vine, the video looping app, has created “Loot: (for Adventurers”, a text-based NFT side project.

In a mere five days, the project has racked up US$46mln in sales.

Here is the tweet that kicked it all off.

LOOT

– randomized adventurer gear

– no images or stats. intentionally omitted for others to interpret

– no fee, just gas

– 8000 bags total

opensea: https://t.co/qSnRJ1FD0n

etherscan: https://t.co/bF9p0RSHX2

available via contract only. not audited. mint at your own risk pic.twitter.com/uLukzFayUK

— dom (@dhof) August 27, 2021

The Loot community has grown quickly and demand for the Loot NFT has done likewise, pushing the price up to the equivalent of US$28,000 at one point.

In effect, this means if you want to play a 1980s Ceefax-style dungeon-delving text-based adventure game with a bunch of hip entrepreneurial programmers, the entry price is more than twenty thousand quid.

A call to arms, fellow Loot-verse samurais. https://t.co/tCfMX6wTlF

#NewProfilePic pic.twitter.com/Ysc5wStY4a

— kinnif (????,????) ???????? (@0xkinnif) September 2, 2021

Hoffman seems to have twigged this drawback and has created a simulacrum of Loot in which anyone who has an Ethereum (cryptocurrency) address can generate a synthetic NFT so they can, in the word of the Coindesk website, play a hypothetical game of Loot.

A call to arms, fellow Loot-verse samurais. https://t.co/tCfMX6wTlF

#NewProfilePic pic.twitter.com/Ysc5wStY4a

— kinnif (????,????) ???????? (@0xkinnif) September 2, 2021

Synthetic Loot

– returns a “virtual nft” of loot based on a given wallet

– b/c the wallet is the seed, only one bag per wallet

– because it’s not a “real” nft, no minting, transferring, selling, etc

anyone with an ethereum wallet has synthetic loothttps://t.co/K2fx9Zw7qQ

— dom (@dhof) September 1, 2021