How a viral NFT project survived the crypto crash

A year ago I told you about Loot, a collection of non-fungible tokens that had inspired an energetic community to form around it. A series of brief, text-based descriptions of fantasy genre items like swords and amulets, Loot captured the imaginations of builders and speculators who wondered if the underlying NFTs might someday serve as the basis for graphic novels, movies, video games and more — an open-source art project that could eventually become the foundation of a crypto-flavored Marvel Cinematic Universe.

Loot was also the first NFT project that I found personally compelling, at least as a subject for journalism. Its creator, Dom Hofmann, was well known to me as a co-founder of the short-form video pioneer Vine and the...

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