The most beautiful thing is to imagine, the hardest thing is to make your dreams come true - remember Loot

[Roast Boy Creator Alliance] The Loot project has made half of the encryption circle crazy in the past two days, and the brains of most of the cryptocurrency circle have been blown out by the wind.

TXT screenshots with black background and white characters, the floor price is close to 20ETH, and the holder has received a token airdrop with a peak value of 80,000 knives, which makes people accustomed to being subverted, refreshed, and jaw-dropped. Tears of ignorance were shed again.

Loot is undoubtedly a project that will make you shout "cool" when you first see it: it gives you unlimited creative space, and gives everyone an NFT facility to let their imagination run wild. Combination, almost all your "imagination" and "ideas" can be satisfied.

Loot has several of the most basic elements of the blockchain and encryption world, open and composable, bringing unlimited creation and possibilities in unlimited exchanges.

It seems very wonderful, but in the short term, I am not optimistic about the Loot project and the Loot ecology, and there are still too many problems ahead.

Loot reminds me of Circles, the universal UBI project praised by V God, AC and other top leaders in the encryption circle at the same time last year. Circles is a system that allows each user to have his or her own personal tokens. Personal tokens grow with time and your interpersonal relationship. People who trust each other can use personal tokens as a payment medium to buy each other’s goods or service provided.

Isn't it cool too? The praise of several bigwigs, coupled with the fact that UBI (Universal Basic Income) does have a considerable theoretical and practical foundation, made it popular in the currency circle for a while, and they all asked for mutual trust. Its beautiful vision is shown below.

Then the project was gone, the team is still there, but little progress has been made, and I even forgot where I stored the private key.

I am not denying this Cicles project. There is no doubt that it is very inspiring. After its appearance, it has attracted many people to study and develop corresponding projects based on the ideas of Circles. For example, the UBI.city project developed by the ChinaDeFi team will integrate this This kind of UBI serves as an infrastructure of DeFi, a programmable social relationship, and builds various DeFi superstructures, DEX, lending and so on. The current development is unknown, at least it can explain that it has not received much attention, because the difficulty can be imagined, and it is difficult to present and solve all the problems of social relations with numbers.

The disadvantages of Circles are obvious. Surviving in them depends very much on personal reputation. My personal tokens and V God's personal tokens will undoubtedly not be accepted at the same level. The opportunities and income I can obtain in this programmable society are far smaller than these celebrities.

This problem also occurs in Loot. Loot is like a live broadcast platform. Anyone can start a live broadcast and transmit videos, but only those who are truly talented, meet the needs of the public, and have a driving force behind them can make a lot of money from it. Everyone should have heard about the hard work of content entrepreneurs. Everyone has a dream of being a poet. Everyone hopes and thinks that they can speak well and write brilliantly, but the facts tell us that is not the case. Things that have no threshold are the most serious areas of involution. The so-called video bloggers you see making a lot of money are just survivors' bias.

For Loot participants, these creations without rules and limits create the same problem. Whether your creation can be recognized by others is the key issue. For Loot, no limit means no direction, and order emerges from chaos, and it takes time.

In the Loot community, thoughts on the ecological development of Loot

There are opinions that LOOT will be the Ethereum in the NFT world, and I agree. However, it was only five years after the emergence of Ethereum that it found the direction of the application of DeFi. Loot also needs time to accumulate.

For NFT, Loot will be like Uniswap for DeFi. It may bring another direction of application landing to Ethereum and the entire blockchain world. Currently, there are many discussions in the Loot community. It seems to be the direction of games, both at the team and community level. Already actively guiding, formulating rules, and developing tools.

LOOT community and official website are discussing and formulating rules

The advantage of Loot is that it has more explorations by predecessors and more experience to learn from.

Most importantly, is the community. Human talent and thought are value, and in the digital world and information world, this value is magnified by more mining. But the value needs to be recognized by others, which is determined by the social nature of human beings. This is probably the logic why communities are so important in the encrypted world. It takes a strong and open community to find direction and maintain creativity.

Loot will be the Ethereum of the NFT world, and the Uniswap of the blockchain game world, but these are all future and uncertain things.