Loot Herald is a community-driven newsletter that surfaces and spreads the best ideas about Loot, and the emerging Hyperverse it inspires. Thanks for being here.
If this article didn't arrive in your inbox, consider making it arrive in your inbox. It only takes a few taps and clicks.
Happy New Year Adventurers!
Loot launched at the end of August 2021. Just one month later there were over 100 derivative or inspired-by projects built on and around Loot. Talented teams and individuals from all over the world created artwork, stories, music, games, and guilds.
No question that first couple weeks was the greatest Web3 moment of 2021. Everyone in the space was talking about Loot, writing about Loot, threading about Loot, building things for Loot.
Like all things in this new internet age, the hype slowly faded away. There were new shiny objects. There was money to be made elsewhere. The floor price of Loot fell, fell, fell. Fewer projects were being launched. The Discord slowed way down.
And yet, the builders kept building.
The Loot Alliance was formed to build, then shepherd and steer the updated Loot website as representatives of the wider Lootverse community.
@TimshelXYZ discovered character classes, materials classes, item ranks, orders — all hidden in Dom’s original contract.
We started a weekly community call for projects to show and tell what they were working on, and to ask for community feedback.
Divine DAO was created to fund & fuel a sustainable ecosystem for Lootverse creators to thrive.
The first Loot Royalty DAO proposal passed - allocating 25 ETH (total) to community-selected public goods projects.
All of this was accomplished in just four months.
Imagine what we can do in twelve.
I look forward to our 2022 Adventure in the Lootverse.
-Andrew
In This Post
Loot LA Meetup
Loot Town Square #7
Loot Royalty DAO
Loot LA Meetup
Saturday, January 8th. Hosted by Divine DAO.
Join Los Angeles Adventurers (and friends of Adventurers) for the second official Loot meetup!
Loot Town Square #7
Wednesdays at 2PM PST/10PM UTC in the Loot Discord server
Loot Town Square is a weekly community call. A space for fans, players, and builders to come together and share ideas, tease projects, launch projects, ask questions, and just generally geek out on all things Loot.
Listen to episode | iTunes | Spotify | YouTube | RSS Feed
Timestamps
0:00 - Intro
5:40 - Loot Explorers
22:20 - HyperLoot
57:44 - LootLARP Preview
1:09:35 - Loot Power Rankings
1:31:30 - Around the Hyperverse
Loot Royalty DAO
In October, the Loot.exchange team spun up a Loot "Royalty DAO" funded by a portion of trading fees from Loot.exchange. Soon thereafter, the Loot community voted to implement a 5% royalty on OpenSea and all other marketplace, and to send those royalties into the same unified DAO.
On December 25th, The first Loot Royalty DAO proposal (Retroactive Public Goods Funding - Round 1) passed unanimously - allocating 25 ETH (total) to community-selected public goods projects.
There are many public goods projects in the loot ecosystem, projects that have provided significant value to the Loot Ecosystem, often while collecting zero or minimal fees.
Retroactive funding allocated treasury funds to these projects for previous work, incentivizing them to continue to build the Loot ecosystem.
As a precursor to this proposal, the community used quadratic voting via Snapshot vote to determine a the public goods projects and an allocation per project/builder.
For more information, or to submit your own proposal visit https://www.royaltydao.com
Keep dreaming.
Keep building.
⚔️⚔️⚔️
Want to contribute to The Herald? Reach out on Twitter