Recently, the Loot ecological project Adventure Gold DAO announced that it will use OP Stack to build the Loot Chain, an Ethereum L2 network dedicated to the Loot community, to reduce gas fees. It is reported that Loot Chain is supported by Web3 infrastructure provider Caldera, and the native token AGLD will be used as Gas Token. In addition, the project recently announced that DWF Labs, an encrypted market maker, has committed to supporting the AGLD ecosystem and plans to purchase millions of dollars in AGLD Token.
Does Adventure Gold DAO's recent series of big moves imply that the once dark horse in the NFT field is about to return?
Why build Loot Chain?
Like many other communities in the Ethereum NFT field, the Loot community has been troubled by the high gas fees of the Ethereum network since its inception, and Ethereum has been unable to meet the development of Lootverse. As we all know, full-chain games usually require extremely fast speed and relatively affordable interaction costs to meet the needs of high-frequency interactive games. Then, the best solution is to develop a dedicated blockchain infrastructure to optimize the operating costs on the chain. The popular OP Stack provides the possibility for the construction of the Loot Eco-specific 2-layer expansion "Loot Chain".
Loot Chain is an EVM-supporting Layer 2 fully managed by the Loot and AGLD communities. It is built by Caldera using OP Stack. On the basis of reducing Gas fees, it also uses Polygon as a data availability layer, which significantly reduces the construction, deployment and cost of Loot Chain. For operating costs, the governance token AGLD will also be used as the on-chain Gas of the Loot Chain. In addition, Loot Chain also has an upgrade function to meet the needs of Loot community developers.
In addition to considering cost and expansion issues, building a single chain is more from the perspective of developer friendliness. The team said that the Loot Chain will provide builders with a toolkit for building new games and development as well as greater autonomy. In addition, the low Gas fee will support game developers to run Token or NFT and other types of in-game assets on the chain. It is even possible to run the entire logic and state of the game on the Loot Chain. Prior to this, the core game projects of the Loot ecosystem, such as Loot Realms, LootMMO, and HyperLoot, had not realized the form of the entire chain, and could not be regarded as "chain games" in the true sense.
Loot Chain is officially regarded as "an important step to unite the Loot community and revive the Lootverse", and its launch will solve the challenges of gas fees and autonomy in the ecology.
It is worth mentioning that Loot Chain is supported by Caldera, Rollup's scaling solution project. Caldera is also one of the recent hot projects. As the leading project of RaaS (Rollup as a Service), Caldera has been favored by Sequoia Capital and Dragonfly Capital. According to Rootdata data, Caldera has raised a total of $9 million in two rounds of financing led by Sequoia Capital and Dragonfly Capital.
Caldera's Rollup solution provides Loot Chain with instant confirmation time, allowing users to instantly participate in games, trade NFTs, and complete transactions in real time. In addition, it also provides ultra-low transaction fees for on-chain interactions. At the same time, while ensuring that Loot Chain has high performance and low network fees, it also inherits the security of Ethereum Layer 1. Caldera also provides extensive infrastructure support, including block explorers and indexers, tools that will make it easier for developers and users to interact with Loot Chain.
The future route of Loot Chain ecology
It is worthwhile to briefly understand the history of the development of Loot and Adventure Gold (AGLD) DAO.
Adventure Gold (AGLD) DAO originated from the Loot community, which is the first "world" construction community on the blockchain, and the Loot community is also the first experimenter with NFT as a seed, decentralization, and community collaboration. The Loot community created The world in question is Lootverse, and the ultimate goal of AGLD is to build a so-called "autonomous world".
Autonomous World (AW) is a self-governing, decentralized digital ecosystem owned, controlled and operated by a decentralized network of individuals interacting on the blockchain rather than being owned, controlled and operated by any centralized entity. operate. The autonomous world is the ultimate form of decentralized applications, covering DeFi and games on the entire chain, realizing the final form of complex applications in a decentralized manner and ensuring the sovereignty of the community. Users can own property, create and enforce contracts, and even form their own governments, in short, users can create their own societies, giving the autonomous world all the complexity and richness of the real world.
The launch of Loot Chain seems to be gradually making this "ultimate ideal" a reality.
Although the hype of the "Loot" NFT series ended its short-term prosperity as early as 2021, the hope of the game and storytelling "Lootverse" born in the opening of Loot is still there. Regarding the roadmap, according to the official introduction, AGLD ** will **** release a number of NFT and game demos based on ** Loot****Chain ** in the near future , will also release a developer kit and other supporting products. **These toolkits will provide developers with the necessary resources to create and develop in the Lootverse, and the ecological subsidy for the AGLD community will also be released soon, which will further promote the growth and development of the ecosystem. In addition, AGLD also plans to conduct hackathons and ecosystem grants to support various inspirations for autonomous worlds (aw).
Can Loot Chain replicate the success of Axie Infinity sidechain Ronin?
In fact, the concept of NFT community-specific chain is not new.
From CryptoKitties, DeFi summer, to the rise of on-chain applications, the market’s demand for throughput has continued to increase, and at the same time, transaction costs have continued to increase, and settlement time has also been greatly extended. Everyone began to look for an ideal solution to the problem of blockchain expansion. , of course, GameFi is no exception.
Since blockchain games require more computing resources, all games will compete for block space. In order to solve network congestion, the project party has developed an application-specific L2 extension layer, and Axie Infinity Ronin is a good example.
Ronin was created specifically for the Axie Infinity community. Its launch solved the high transaction fee for Axie Infinity and also relieved network congestion. Ronin successfully helped Axie Infinity achieve fast and seamless transactions in the game (almost instant confirmation). In addition, Ronin also launched a customized wallet solution "Ronin Wallet", which simplifies the onboarding process for new users, while the launch of the block browser improves transparency and data accessibility, and solves the problems faced by Axie Infinity to a certain extent. bottleneck.
The birth of Ronin Chain provides players with a better gaming experience on the chain, achieving a phenomenal increase in game users. After Axie Infinity migrated from the Ethereum network to Ronin, its daily active users (DAU) will increase from 30,000 at the end of April 2021. The number of people soared to over 250,000 by the end of the year. This not only contributed to the rise of Axie Infinity, but also created an unprecedented prosperity for GameFi in 2021, setting off a wave of GameFi and Play-to-earn.
Looking back, the success of Ronin is not a phenomenal success. With the gradual development and improvement of the ecology on the Ronin chain, Ronin has become the core of Axie Infinity. In addition, it has also bred its own DEX——Katana. Under this influence, New users are more willing to try to get in touch with blockchain games. Although still under the shadow of the $610 million theft, Ronin is still trying to launch new features such as various testnets, dAPPs and mainnet staking.
Perhaps the success of Ronin Chain has "proven" for Loot Chain.
Affected by the recent good news, Loot Chain's Gas token AGLD has risen by 39.46% in the past 7 days, and the current currency price has hit a new high since mid-April. Loot Chain uses AGLD as Gas Token, which undoubtedly became the main reason for the rise.
It is reported that AGLD is an incentive token in the Lootverse ecosystem, which is distributed through a fair airdrop process, and each original Loot holder is eligible to receive 10,000 AGLD for free. According to Dune data, the total supply of AGLD is 80 million pieces, and there are still more than 2.7 million AGLD pieces unclaimed. The current total circulation is about 77 million pieces, of which about 55% of the circulating supply is stored in centralized exchanges , providing sufficient liquidity for trading activities. It is precisely based on the wide distribution and liquidity of AGLD in and out of the Loot community that AGLD is also selected as Gas Token to hedge Ethereum Gas fees.
In addition, according to officials, the pledge incentive plan for the AGLD community will also be released soon, which may also mean that the currency price of AGLD will usher in a new wave of rebound.
View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
From text NFT to L2 network Loot Chain Loot what new story to tell
Author: Mia, ChainCatcher
Recently, the Loot ecological project Adventure Gold DAO announced that it will use OP Stack to build the Loot Chain, an Ethereum L2 network dedicated to the Loot community, to reduce gas fees. It is reported that Loot Chain is supported by Web3 infrastructure provider Caldera, and the native token AGLD will be used as Gas Token. In addition, the project recently announced that DWF Labs, an encrypted market maker, has committed to supporting the AGLD ecosystem and plans to purchase millions of dollars in AGLD Token.
Does Adventure Gold DAO's recent series of big moves imply that the once dark horse in the NFT field is about to return?
Why build Loot Chain?
Like many other communities in the Ethereum NFT field, the Loot community has been troubled by the high gas fees of the Ethereum network since its inception, and Ethereum has been unable to meet the development of Lootverse. As we all know, full-chain games usually require extremely fast speed and relatively affordable interaction costs to meet the needs of high-frequency interactive games. Then, the best solution is to develop a dedicated blockchain infrastructure to optimize the operating costs on the chain. The popular OP Stack provides the possibility for the construction of the Loot Eco-specific 2-layer expansion "Loot Chain".
Loot Chain is an EVM-supporting Layer 2 fully managed by the Loot and AGLD communities. It is built by Caldera using OP Stack. On the basis of reducing Gas fees, it also uses Polygon as a data availability layer, which significantly reduces the construction, deployment and cost of Loot Chain. For operating costs, the governance token AGLD will also be used as the on-chain Gas of the Loot Chain. In addition, Loot Chain also has an upgrade function to meet the needs of Loot community developers.
In addition to considering cost and expansion issues, building a single chain is more from the perspective of developer friendliness. The team said that the Loot Chain will provide builders with a toolkit for building new games and development as well as greater autonomy. In addition, the low Gas fee will support game developers to run Token or NFT and other types of in-game assets on the chain. It is even possible to run the entire logic and state of the game on the Loot Chain. Prior to this, the core game projects of the Loot ecosystem, such as Loot Realms, LootMMO, and HyperLoot, had not realized the form of the entire chain, and could not be regarded as "chain games" in the true sense.
Loot Chain is officially regarded as "an important step to unite the Loot community and revive the Lootverse", and its launch will solve the challenges of gas fees and autonomy in the ecology.
It is worth mentioning that Loot Chain is supported by Caldera, Rollup's scaling solution project. Caldera is also one of the recent hot projects. As the leading project of RaaS (Rollup as a Service), Caldera has been favored by Sequoia Capital and Dragonfly Capital. According to Rootdata data, Caldera has raised a total of $9 million in two rounds of financing led by Sequoia Capital and Dragonfly Capital.
Caldera's Rollup solution provides Loot Chain with instant confirmation time, allowing users to instantly participate in games, trade NFTs, and complete transactions in real time. In addition, it also provides ultra-low transaction fees for on-chain interactions. At the same time, while ensuring that Loot Chain has high performance and low network fees, it also inherits the security of Ethereum Layer 1. Caldera also provides extensive infrastructure support, including block explorers and indexers, tools that will make it easier for developers and users to interact with Loot Chain.
The future route of Loot Chain ecology
It is worthwhile to briefly understand the history of the development of Loot and Adventure Gold (AGLD) DAO.
Adventure Gold (AGLD) DAO originated from the Loot community, which is the first "world" construction community on the blockchain, and the Loot community is also the first experimenter with NFT as a seed, decentralization, and community collaboration. The Loot community created The world in question is Lootverse, and the ultimate goal of AGLD is to build a so-called "autonomous world".
Autonomous World (AW) is a self-governing, decentralized digital ecosystem owned, controlled and operated by a decentralized network of individuals interacting on the blockchain rather than being owned, controlled and operated by any centralized entity. operate. The autonomous world is the ultimate form of decentralized applications, covering DeFi and games on the entire chain, realizing the final form of complex applications in a decentralized manner and ensuring the sovereignty of the community. Users can own property, create and enforce contracts, and even form their own governments, in short, users can create their own societies, giving the autonomous world all the complexity and richness of the real world.
The launch of Loot Chain seems to be gradually making this "ultimate ideal" a reality.
Although the hype of the "Loot" NFT series ended its short-term prosperity as early as 2021, the hope of the game and storytelling "Lootverse" born in the opening of Loot is still there. Regarding the roadmap, according to the official introduction, AGLD ** will **** release a number of NFT and game demos based on ** Loot****Chain ** in the near future , will also release a developer kit and other supporting products. **These toolkits will provide developers with the necessary resources to create and develop in the Lootverse, and the ecological subsidy for the AGLD community will also be released soon, which will further promote the growth and development of the ecosystem. In addition, AGLD also plans to conduct hackathons and ecosystem grants to support various inspirations for autonomous worlds (aw).
Can Loot Chain replicate the success of Axie Infinity sidechain Ronin?
In fact, the concept of NFT community-specific chain is not new.
From CryptoKitties, DeFi summer, to the rise of on-chain applications, the market’s demand for throughput has continued to increase, and at the same time, transaction costs have continued to increase, and settlement time has also been greatly extended. Everyone began to look for an ideal solution to the problem of blockchain expansion. , of course, GameFi is no exception.
Since blockchain games require more computing resources, all games will compete for block space. In order to solve network congestion, the project party has developed an application-specific L2 extension layer, and Axie Infinity Ronin is a good example.
Ronin was created specifically for the Axie Infinity community. Its launch solved the high transaction fee for Axie Infinity and also relieved network congestion. Ronin successfully helped Axie Infinity achieve fast and seamless transactions in the game (almost instant confirmation). In addition, Ronin also launched a customized wallet solution "Ronin Wallet", which simplifies the onboarding process for new users, while the launch of the block browser improves transparency and data accessibility, and solves the problems faced by Axie Infinity to a certain extent. bottleneck.
The birth of Ronin Chain provides players with a better gaming experience on the chain, achieving a phenomenal increase in game users. After Axie Infinity migrated from the Ethereum network to Ronin, its daily active users (DAU) will increase from 30,000 at the end of April 2021. The number of people soared to over 250,000 by the end of the year. This not only contributed to the rise of Axie Infinity, but also created an unprecedented prosperity for GameFi in 2021, setting off a wave of GameFi and Play-to-earn.
Looking back, the success of Ronin is not a phenomenal success. With the gradual development and improvement of the ecology on the Ronin chain, Ronin has become the core of Axie Infinity. In addition, it has also bred its own DEX——Katana. Under this influence, New users are more willing to try to get in touch with blockchain games. Although still under the shadow of the $610 million theft, Ronin is still trying to launch new features such as various testnets, dAPPs and mainnet staking.
Perhaps the success of Ronin Chain has "proven" for Loot Chain.
Affected by the recent good news, Loot Chain's Gas token AGLD has risen by 39.46% in the past 7 days, and the current currency price has hit a new high since mid-April. Loot Chain uses AGLD as Gas Token, which undoubtedly became the main reason for the rise.
It is reported that AGLD is an incentive token in the Lootverse ecosystem, which is distributed through a fair airdrop process, and each original Loot holder is eligible to receive 10,000 AGLD for free. According to Dune data, the total supply of AGLD is 80 million pieces, and there are still more than 2.7 million AGLD pieces unclaimed. The current total circulation is about 77 million pieces, of which about 55% of the circulating supply is stored in centralized exchanges , providing sufficient liquidity for trading activities. It is precisely based on the wide distribution and liquidity of AGLD in and out of the Loot community that AGLD is also selected as Gas Token to hedge Ethereum Gas fees.
In addition, according to officials, the pledge incentive plan for the AGLD community will also be released soon, which may also mean that the currency price of AGLD will usher in a new wave of rebound.