Last night, Figma founder Dylan, who went public on Nasdaq and saw his stock price increase fivefold overnight, holds over 2.3 million $AGLD tokens valued at 1.76 million dollars, making it the largest holding for this address. In addition, this address also holds LOOT NFTs.
Do Loot NFTs feel like something from last century?
The Loot NFT series, released by Dom Hoffman, consists of 8,000 pieces without any images or statistics—just a few words on a black background. Did anyone hold it early on?
Since I started researching blockchain games in 2022 until now, I still don't understand this project. The AGLD token represents a Layer 2 for full-chain gaming, which was originally launched as Loot Chain, a public chain for the Loot NFT series. Later, Loot Chain was renamed Adventure Layer, and the AGLD token was introduced, which had already been listed on Binance in 2021. Last November, the old tree sprouted new buds and was listed on South Korea's Upbit. I took advantage of the Upbit hype to buy a little and ended up making a loss: I became another buyer left holding the bag after someone sold at a high price.
Looking at the introduction on Adventure Layer's official Twitter, AGLD is also a Layer 2 project based on the Berachain bear chain. It seems like the bear chain later invested money to take over and enrich its own ecosystem. I know that the Starknet chain also spent money to support several full-chain games based on Loot.
Full-chain games based on Loot, such as Loot Realm and Dark Forest, are public chain ecosystem projects funded by the Loot NFT/Adventure Layer public chain foundation. However, they haven't really gained mainstream traction, and there are still few players. I still haven't seen the logic of how this Loot NFT + AGLD token + other games will ultimately work together.
I just saw that on July 24, Dom Hoffman was selling his held Loot NFTs to raise 500 million USD to create a Loot Treasury. The previous wave of NFT + public chain treasury funds should have already been spent.
Any gossip to add?
