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Loot — An NFT Social Experiment By BTC Peers

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Loot — An NFT Social Experiment

NFT has given an entirely new meaning to the art industry. The potential of the NFT lies partly in an ancient dispute between Mikhail Bakunin (late 19th century) and Frederick Engels. The art can reflect any period’s sentiments, and the NFT can help usher in the Renaissance for cooperatives.

From Conflict Comes Chaos And Evolution

Flipping through society’s history, it is apparent the most significant changes always occur after some form of conflict erupts. Change can only occur through conflict and all the chaos that follows. Bakunin vs Engels’ dispute is an excellent example. In the 19th Century, self-governing bodies to replace capital and the state was still a topic of conversation. It was impossible to accomplish this goal. However, technological advances have made things very different.

New ideas and new concepts are likely to emerge from all the chaos and turmoil. The current Global South landscape is not encouraging for Zoomers and millennials. Technology and play-to-earn blockchain games provides some relief, but it is not the “final form.” The sentiment created from this skewed equilibrium is reflected in the NFT artwork we see today, as there is a much bigger story to these creations.

NFTs Need A Renaissance Era

Similar to traditional art, NFT needs to achieve their Renaissance moment. Despite some dystopian and nihilist NFT projects proving successful — Bored Ape Yacht Club or Cyberpunks are good examples — they fail to offer a long-term tangibility. The solution to NFTs’ problems will be found from an entirely different perspective. Through technological advancements, DAOs, decentralized networks, immutable money, and cooperatives, Loot aims to usher in that “next moment” for the NFT industry.

One can argue that Loot — and its derivatives — are a different breed of NFT projects. Instead of sticking to the art-based approach, teams adopt a more primitive one. It empowers communities in new ways. Loot is rudimentary information that leaves everything up to the owners’ imagination.

Loot seems to have the potential to become the “New Primitive.” It shows the potential of what NFTs could and perhaps should be. It is important to not only focus on the financial aspect but also create excitement and wonder. Although Loot doesn’t solve the problem of global pessimism that keeps society in control, it does plant a seed for cautionary optimism.

But, what’s the fact ?

Loot as a social experiment

  • 1. Autonomy turns into speculation

Any decentralized product, organization, and economic model needs a soul or a core team first, and later it can expand in a broader sense when it is relatively stable. For example, the core developers of,, or Linux have all built solid foundations and an open-source management model. Loot’s current participants are more speculators than creators and developers. Loot is now a tool that can be used to speculate.

  • 2. Randomness restrains possibility

A fun game requires an organic balance of numerical value, randomness, and strategy. Although Loot can be described as text-based, there is no variation in input value. It has total randomness. The low-cost design of Loot has led to a number cheap copies.

Loot assigns 8 characteristics to each character. These attributes may seem to allow for a broad imagination. There are also many user-generated pictures. However, the overall view is limited. Only the given attributes can you own. Loot’s text-only content means that you cannot modify what you record. You can’t change the hat you already have into a necklace if you own a hat.

  • 3. Lack aesthetic consensus

Loot only represents text and does not create a truly visual picture. ETH-based NFT requires rareness, as we know. Not only are artificially written attributes important, but so is aesthetics, emotion and many other abstract variables. Crypto Punk fans are inclined to search for avatars who look just like them, while Cool Cats enthusiasts love the adorable character. While in contrast, Loot’s rarity seems to lack specialty and aesthetic consensus.

How can StarryNift improve

  • 1.Stable Operation before total Openness

Compared with Loot’s completely decentralized form, StarryNift chooses to lay the solid foundation first, establish a standard aesthetic style, ensure the safe and efficient tech implementation, create playable games, offer users diverse play scenes, and apply a sustainable economic model. StarryNift is open to new possibilities after these steps.

StarryNift will initiate a StarryNift gamefi Planet. This includes character cultivation, treasure hunt, battle, and more. More scenarios will be available once the community is active. StarryNift will be welcoming more users into its metaverse once it has established a better NFT price discovery system and an evaluation system.

Loot has many speculative customers due to fluctuating prices. StarryNift seeks to make StarryNift an interactive space that allows for creation, interaction and gaming. It also offers trading opportunities to allow the user to choose the best channels and have access to entertainment. The NFT is protected from being sold on the secondary markets by users not selling them quickly. StarryNift can create a variety of scenarios, such as the online performing NFT virtual idols and hunting for NFT treasures in the virtual museum. You may also upgrade the NFT cards during battles. Users can find these possibilities exciting. To unlock more options, such as breeding rarer babies or increasing the NFT’s rarity, users will need tokens. StarryNift thus can create a closed loop that allows virtual asset prices to increase in an inflation-friendly model.

  • 3. Efficient technical standards

StarryNift has deployed multiple public chains to build different products for different ecologies, and provided cross-chain bridges for users to apply. StarryNift adopts the ERC-1155 protocol to efficiently obtain and associate the most recent data with other data quickly in order to attain aggregation. BOBA has teamed up with StarryNift to investigate the NFT transfer from Layer 1 to Layer 2. This will allow for significant savings in gas prices.

Conclusion

Loot is an interesting social experiment. It is an important step in making NFT more mainstream.

StarryNift believes that blockchain data can be used to transform NFT from a speculation tool or static label set to a promising future. StarryNift hopes that NFT holders will be able to not only join the metaverse but also meet other NFT believers and make a better world.

StarryNift Cofounder Martha Zhang.

Website: https://app.starrynift.art

Twitter (NYSE:): https://twitter.com/StarryNift

Telegram: https://t.me/starrynift

Discord: discord.gg/JKQw4XE9Rs

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