Adventure Gold update: AGLD Live price, price chart, news and markets

The AGLD price update as of now is $0.2926. In the previous 24 hours, its trading volume was $3,949,967, and its value has decreased by -2.29%. As of now, AGLD's live market cap is $27,160,182, and it is ranked as the #605 on the Coincu. AGLD has a circulating supply of 92,810,001 and a maximum supply of 92,810,001.

Introducing Adventure Gold (AGLD): Discovering the Native ERC-20 Token of the Loot NFT Project

Adventure Gold (AGLD) functions as the official ERC-20 token for the Loot non-fungible token (NFT) project. Developed by Dom Hofmann, one of the co-founders of Vine, Loot is a text-based, on-chain adventure gear with randomized elements. Unlike traditional NFT projects, Loot does not feature a front-end interface, images, or statistics. Instead, it consists of 8,000 text-based NFTs that the community can interpret and utilize in their own unique ways. These NFTs encompass a variety of gears, ranging from the "Holy Greaves of Giants" to the "Grim Shout." As of September 8, 2021, the lowest price for Loot on OpenSea is 8.56 ETH. The popularity of Loot has led to the emergence of several derivative projects, which you can explore here.

Adventure Gold was launched on September 2, 2021, and distributed a generous airdrop of 10,000 tokens to each Loot NFT owner. The initial trading days witnessed a significant surge in the value of AGLD, making this airdrop worth up to $70,000 per NFT. Will Papper, the founder of AGLD and co-founder of Syndicate DAO, aimed to establish a standard for projects built on Loot by introducing a decentralized gaming currency.

Meet the Visionary Behind Adventure Gold: Will Papper

Adventure Gold was founded by Will Papper, a crypto-native who co-founded Syndicate DAO, a decentralized investing protocol. Papper, a Stanford University graduate, has been involved with Ethereum since its pre-sale in 2014. Inspired by Vitalik Buterin's endorsement of the project and his call for further development, Papper swiftly launched AGLD just one day after Buterin's Twitter announcement. He wrote most of the code within four hours at a small airport in Oregon. As of September 6, 2021, Adventure Gold does not have an official development team apart from Papper himself.

The Distinctive Features of Adventure Gold

Adventure Gold aligns with the fundamental philosophy of the Loot NFT game, which encourages community-driven development and support. While Loot has inspired numerous derivative projects due to its simplicity and uniqueness, Adventure Gold stands out as a governance token. It empowers users to vote on future in-game credits and the creation of new NFTs based on Loot, all while utilizing AGLD. A multisig group, consisting of Papper and other respected community members, holds the authority to execute contractual permissions, including minting decisions and governance proposals. The rapid development pace of Loot and Adventure Gold, combined with the project's buzz, has created a highly volatile trading environment. Notably, major exchanges such as FTX listed AGLD just 30 hours after its launch.

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