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.

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.

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.

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.

Adventure Gold (AGLD) sets itself apart in the gaming industry with its unique approach to virtual assets and in-game economies. AGLD strives to establish a balanced in-game economy that is engaging for players and beneficial for the game studio. It aims to achieve this by developing and balancing game loops that bolster core gameplay, thereby creating an engaging experience for players. AGLD focuses on the meticulous management of in-game resources, ensuring a balance in the distribution, acquisition, and use of these resources within the game world. This is especially crucial in multiplayer games where multiple players share resources. AGLD aims to sidestep the 'pay to win' pitfall, a frequent critique of games that do not require an initial purchase, by making sure that all players have opportunities for progression within the game, irrespective of their level of engagement. Lastly, AGLD utilizes data analytics to comprehend player behaviors and engagement rates, which assists in designing and balancing the game economy.

Adventure Gold (AGLD) has established strategic partnerships with several entities to enhance its gaming ecosystem. One of its notable collaborations is with Oasys, a blockchain optimized for gaming. This partnership aims to broaden the range of fully on-chain games and support the growth of Autonomous Worlds (AW). The integration of Oasys' advanced, gas-free architecture with AGLD's infrastructure and support for AW strives to enable developers to create autonomous and decentralized digital ecosystems. Another partnership is with Ancient8, with the shared objective of creating a thriving ecosystem that encourages education, community engagement, and game exploration. AGLD has a cooperative agreement with DWF Labs, a digital asset market maker and multi-stage web3 firm, which acknowledges AGLD's presence within the Autonomous World builders community. These partnerships contribute to AGLD's gaming ecosystem by providing cooperative support, technological integration, and collaborative efforts towards the exploration of new gaming experiences.

To ensure the scarcity and uniqueness of in-game assets, Adventure Gold employs a few strategies. The Loot Project aims to distribute unique "loot bags" containing collections of unique items usable within specific shared videogame spaces. This strategy aims to contribute to the scarcity of these assets. When AGLD was initially released, each individual owner of a Loot Project NFT could claim 10,000 AGLD, which aims to contribute to the perceived value of the coins. The token is managed by a multi-signature wallet, which necessitates several keys to process transactions, aiming to contribute to the uniqueness of the assets.

AGLD seeks to establish a new method for users to engage with NFTs within gaming environments. It is believed that AGLD's use is designed to connect with the Metaverse, potentially serving as an in-game digital token for a shared digital space. It might also be employed as a distinct type of NFT fractionalization, where a gamer could divide their digital items into a number of "digital tokens," symbolized by AGLD, which could be used within the game's economy. This integration of NFTs aims to provide a platform that may enable game creators to offer non-monetary rewards to their users for completing tasks, trading in-game possessions, and interacting with gaming ecosystems in different ways.