dom hofmann nfts 46m 180m thurmancoindesk The latest non-fungible token (NFT) craze is among the simplest – and the strangest – yet: a randomly generated list of items ostensibly intended for players of a fantasy video game.
In just five days, “Loot: (for Adventurers),” a text-based NFT side project from social media network Vine co-founder Dom Hofmann, has managed to attract $46 million in sales and a total market cap well in excess of $180 million.
Perhaps even more impressively, the Loot community now counts among its ranks an all-star list of Web 3 founders, builders and investors, including executives from projects including Aave, Axie Infinity and Fractional Art – many of whom are building new projects on top of the original drop in an effort to expand the “Loot-verse,” as Aave founder Stani Kulechov puts it: