What is Adventure Gold?

Adventure Gold (AGLD) is the native ERC-20 token of the Loot non-fungible token (NFT) project. The Loot project is a unique, text-based, randomized adventure gear generated and stored on-chain, with no front-end interface, images, statistics, or functionality. Adventure Gold was launched and was designed to serve as a currency for the decentralized gaming universe. Each owner of a Loot NFT was able to claim 10,000 AGLD tokens as part of the project's initial distribution. The project was initiated by Will Papper, a Stanford University graduate and crypto-native, who also co-founded Syndicate DAO, a decentralized investing protocol.

How does Adventure Gold work?

Adventure Gold operates within the Loot NFT game, with the community building on top of Loot as a form of endorsement. The simplicity and uniqueness of Loot inspired the Web3 community to create numerous derivative projects based on its code. Adventure Gold is intended to be used as a governance token, allowing users to vote on future in-game credits or future mints building on top of Loot and adopting AGLD. Adventure Gold is an ERC-20 token on Ethereum, utilizing a proof-of-work consensus mechanism that requires miners to mine new Ether. A set of decentralized nodes validates transactions and maintains the Ethereum blockchain.

What are the potential use cases for Adventure Gold?

Adventure Gold seeks to set a standard for projects building on Loot by providing a currency for the decentralized gaming universe. It aims to be used as a governance token, allowing users to vote on future in-game credits or future mints building on top of Loot and adopting AGLD. This gives the community a say in the direction and development of the project. The token can also be used within the Loot NFT game, adding another layer of interaction and engagement for players.

What is the history of Adventure Gold?

Adventure Gold was launched by Will Papper, who is also the co-founder of Syndicate DAO, a decentralized investing protocol. Papper is a graduate of Stanford University and a crypto-native, having owned Ethereum since the 2014 pre-sale. He created Adventure Gold in response to Vitalik Buterin endorsing the project and encouraging others to build upon it. Papper launched AGLD one day after receiving an endorsement from Buterin, by writing the majority of the code in four hours at a small airport in Oregon. Adventure Gold's development team currently consists only of Papper.