We are grateful for the tireless work of our team during our highly iterative innovations process over the past few months. Since our soft launch, we’ve listened to feedback and tested several functionality variables. We have also witnessed our first practical test use case in the Mauritian market.
We are now experiencing multiple components of our ecosystem come together, which is a challenging process that must be handled with care. In addition, we have responded to the need for a simple user experience by removing a large amount of complexity.
During rapid innovative iterations and R&D, it is normal for…
As many of you may already know, the Loot Ticket (LTT) is one of our two resident currencies. It is a multi-use currency that encompasses many functions and services in and out of the system.
Internal functions currently available:
The LTT gives members the ability to invite new users onto the platform at the cost of 6 LTT. This function is currently available under the profile tab.
Many talents in Mauritius and around the globe, in general, go undiscovered due to a lack of branding resources, money, connections, or experience. COVID-19 has only aggravated this issue. Many undervalued creators are looking for a breakout opportunity, where their creativity can be appreciated.
Nearly two months in and over 10 Mauritian artists have successfully auctioned off their creations on the Loot NFT platform. At the moment, we are working with 4 NFTs in auction at a time, but the results thus far have been impactful in Mauritius.
The artists, each with very different styles of artistry, are all profoundly…
We have great news for our growing community. We are introducing a game within the game… Loot NFT World.
The Loot NFT ecosystem is composed of many layers, components, screws, and bolts. To sum up our system, we derived a Game of Thrones themed map of the ecosystem.
Our six software applications have been conveyed into 6 imaginary lands:
Not only can you now visualize the Loot NFT ecosystem, but you can also bid for…
At Loot NFT, radical innovation is embedded in our culture. This includes introducing set themes that inspire the utmost creativity. We had introduced two new theme sets to the platform for the months of June and July: The Ol’ Crypto Creatures and Heaven Was Copied After Mauritius.
July 2021: The Ol’ Crypto Creatures
Although this set already has 3 sold NFTs and 1 NFT in the auction arena, we still felt it necessary to provide the story behind this theme.
Our platform operates on the blockchain network and functions with cryptocurrencies, which are one of the greatest radical innovations of…
The following are offered as clarifications:
(a) The duration of each auction is undetermined. The time span of each auction depends on the battle bidding phase. Each bid made by members in the last 15 seconds of the auction resets the timer by 15 seconds, therefore prolonging the auction. Each auction length will depend entirely on the members bidding, and the number of times the timer is set back. The more members bidding in an auction will consequently result in longer auction durations. Auction duration will vary, from a few hours, days, weeks, or months. Loot NFT has no control…
We would like to announce the completion of our first set as the final piece of “Breathe” was sold on the 14th of July, 2021. Not only was “The 01” the last NFT in the set to be sold, it was sold for a record-breaking 94,257 BUN — roughly 6,000 BUN shy of the 100,000 BUN mark. This figure equates to USDC 5,662.41.
“The 01” was created by @Ittishubham_art from Mauritius and was sold to @AJAmado, who not only won the NFT, but is the first member on the platform to achieve a degree reward by winning a simple majority…
Last you all heard, we were celebrating a 40,000 BUN milestone on an NFT titled, “ Plague 3021.” “Plague 3021” finally sold at an astounding 66,457 BUNs on 7 July 2021. To put things into perspective, that figure equates to USDC 3,870.04. Thus far, this auction has received the highest number of bids on the Loot NFT platform.
Within a week of the release of the set “Breathe,” 4 out of 5 of the NFTs have been sold. …
Less than a week ago, Loot NFT announced the commencement of its very first auctions. After great anticipation surrounding these auctions, we are thrilled to announce that at 10:30 AM EST on Monday the 5th of July, “Dyspnea” became the first-ever NFT sold on our platform. “Dyspnea” sold for a remarkable 20,501 BUNs ( USDC 1,174.42 ) and constitutes the opening set titled “Breathe.”
Artist Kenza Fakira conveyed a raw yet refined approach to surrealism in this creation. This NFT holds Loot NFT’s first record as it represents the first block of our Proof-of-Play protocol.
It has been months of meticulous planning and strategizing on delivering the best multifaceted online bidding platform to you. We can finally say that all of our hard efforts have come to fruition as we officially opened www.lootnft.io on the 1st of July, 2021, and the auctions are already on the go! The bids are rolling on the following NFTs: Plague 3021, Consumed, Dyspnea, and Synthetic Air.