#AdventureGold is a new player in the crypto space, even among #NFT based assets. The platform was launched on September 2, 2021, with the goal of creating an interesting and highly innovative way in which users can interact with NFTs in gaming worlds. To achieve this goal, Adventure Gold partnered with the Loot Project and built on several technologies and platforms.

Loot Project:

The Loot Project is a startup engaged in trading digital role-playing game (RPG) items, represented by NFTs. The Loot Project sold these items in the form of "treasure bags," which contained collections of completely unique items that could actually be used in certain shared video game areas. #AGLD $AGLD

These NFT treasure bags were either sold for profit or distributed to users for free, with users only having to pay transaction fees for stamping. The 7,777 treasure bags were sold/distributed almost immediately following its launch in September 2021, generating approximately $46 million in revenue. #Binance $BNB

AGLD: Native token of Adventure Gold:

Adventure Gold's native token, AGLD, is an Ethereum-based token built under the ERC-20 standard. When AGLD was initially launched, each owner of Loot Project NFTs could claim 10,000 AGLD for free. This allowed Adventure Gold to build on an existing platform with a strong community and add perceived value to the coins.

ERC-20 token standard and Smart Contracts:

AGLD uses the ERC-20 token standard and is quite common for many stablecoins currently in circulation. These are often used to represent smart contracts. Smart contracts digitally enforce pre-determined conditions that would be found in a traditional financial contract, using blockchain encryption. This could be a buy/sell condition or something a little more complex like a swap. Smart contracts help solve the trust issues of activity taking place between investors who do not know each other and will probably never meet each other.

AGLD and Security:

Simply put, the AGLD system is not completely safe, but neither are many systems, and it is important to determine your risk appetite and invest accordingly. Adventure Gold's system has a token managed by a multi-signature wallet and several keys need to be presented to ensure the transaction process and security. One of these keys belongs to the system founder. The remaining keys are held by the token owner himself and other users randomly selected by others.

Will Papper, Founder of Adventure Gold:

Will Papper is the founder of the Adventure Gold/Loot Project and is also the co-founder of Syndicate Protocol, a decentralized autonomous organization (DAO). Papper began computer programming seriously at the age of 13, and at 14 he founded his first online startup, which quickly grew to 5,000 users. Following this success, Papper accelerated his studies by doing a double major in Philosophy-Neuroscience-Psychology and Computer Science at the University of Washington, and then transferred to Stanford to major in Philosophy.

Later, Papper won first place at the Mil-OSS Midwest Hackathon with a proof of concept (POC) web application that leverages geospatial intelligence for military defense purposes. Building on his strong understanding of complex systems, Papper has moved on to more personally profitable projects and began working on the AGLD/Loot Project in early 2021. Papper is currently working on launching various tech startups and is heavily involved in the cryptocurrency community.

In summary:

Adventure Gold is an Ethereum-based cryptocurrency that aims to foster innovation in NFT-based gaming worlds. Although AGLD, which was launched with a strong community by being distributed to members of the Loot Project, can also be purchased from other sources and exchanges, it is extremely important to make sure that the seller is completely trustworthy. Because the token itself does not provide any internal security checks. Instead, the token is managed by many signature wallets and multiple keys must be presented to ensure transaction processes and security. It is important to determine the investor's risk appetite and invest accordingly. #BinanceTournament

This article is for informational purposes only and is not a recommendation for personal investment decisions.