Why Loot Opens a New Era of NFT Composability

AGLD+6. 45%

Over the past few days, Loot's emergence has once again pushed NFTs to a new climax.

On one hand, Loot prices have been climbing steadily, with the floor price once exceeding 18 ETH, and total trading volume surpassing $200 million; on the other hand, the industry has seen a wave of innovation built on Loot, with a bottom-up open experiment underway. Show More.

What exactly is Loot? What impact will its arrival bring? And what does its future development path look like? In response to these questions, Cao Yin, Managing Director of the Digital Renaissance Foundation, launched an online live stream on the evening of September 3rd, sharing his comprehensive insights.

As an early Loot player, Cao Yin not only holds double-digit Loot, but also mint People's Punk p LOOT project as a community member at the first opportunity—a project that combines CryptoPunk with Loot. Currently, all 8,000 p LOOT (NFTs) have been minted.

In his view, Loot's emergence opens a new era of NFT composability, signaling that NFTs have entered a phase of explosive growth. It will give rise to new forms of social organization in the future, and AGLD, as the only ERC-20 asset in the current Loot ecosystem, will see its value come to the fore after consensus is built and use cases emerge.

To help everyone gain a deeper understanding of Loot, OKX Research has exclusively compiled the highlights of Cao Yin's live stream:

1. Loot represents not a closed system, but one that is sufficiently open and encourages openness. It is a fantastic new paradigm for gaming, completely different from previous chain games. Its future impact will extend beyond gaming to influence the very organizational structure of society.

2. The crypto industry has entered deep waters. DeFi has completed Step 1, and NFTs can now be said to have bravely initiated the second wave of exploration, which is expected to further guide the crypto market into even deeper waters. The emergence of Uniswap propelled DeFi into explosive growth, and the emergence of Loot represents NFTs entering a phase of explosive growth.

3. DeFi's breakout actually began with Uniswap. DeFi before Uniswap merely moved CeFi business onto the chain. Uniswap introduced a new paradigm for financial trading. Previous NFTs were like DeFi before Uniswap—not particularly significant, though still carrying social characteristics. For example, if you own a CryptoPunk, it could prove you are wealthy, but they lacked composability and open use cases, with everything essentially built by the team itself. Loot's emergence is like Uniswap in two ways: it constructs a new paradigm, and it opens a new era of NFT composability.

4. People with vision and sensitivity see Loot and feel as excited as they did when Uniswap first appeared—or even more excited—because Uniswap at most changed DeFi and the financial trading paradigm. After Loot emerged, it may give rise to new models of social organization. Therefore, Loot currently holds extremely significant innovative meaning. It is expected to become, much like CryptoPunk, a core asset with commemorative significance and social value. In the future, Loot may even become more important than CryptoPunk, because beyond proving wealth, a CryptoPunk may not demonstrate much else. But Loot's composability and evolvability will change many things.

5. Many Loot derivative packs have emerged recently. It's hard to say which is better now, but the earlier one gains recognition from the core Loot community, the better. Whether a Loot derivative pack succeeds depends on three factors: First, whether it fully leverages interactivity, placing itself as a puzzle piece within the larger Loot narrative; second, whether the timing is early enough—doing it today versus a month from now makes a big difference; third, whether the narrative is tightly integrated with Loot itself.

6. Loot is still very early-stage. You can create anything based on Loot. We are in the earliest genesis phase. Next, there will be sufficient creation to form narratives, and interactivity will emerge within those narratives.

7. Loot's genesis is divided into two parts. Step 1 is the genesis of metadata—starting by creating equipment, with equipment preceding people, then various scenarios. Step 2 is the genesis of scenarios—visualization based on metadata. This is like first creating the most abstract things, then refining them step by step.

8. The development of NFTs is divided into three stages: first, CryptoPunk; second, Art Blocks; third, Loot. You will notice that the development trend of NFTs is becoming increasingly abstract. By the time of Loot, rules are being put on-chain. Loot did not appear out of thin air; it developed step by step from CryptoPunk and is the result of the abstraction of rules. Therefore, when we see Loot, we feel both familiar and surprised. The familiarity comes from the fact that if you deeply study NFTs, you would naturally anticipate Loot's emergence. But when it truly appears, you are still taken aback.

9. How will Loot develop next? First, there is Loot; next, it enters the Art Blocks stage, combining Loot's metadata to generate scenarios; then, specific, visualized玩法 similar to CryptoPunk will emerge, including games and even financial trading scenarios. This process is very interesting and represents a very advanced approach.

10. From a token perspective, the value of AGLD looks promising because it is the only ERC-20 asset in the Loot ecosystem. Loot itself has gone through consolidation, and AGLD will be no different. Consensus takes time to build. It's normal for some people to sell early on, but as faith and consensus accumulate within the community—especially as use cases emerge within the Loot community and more mainstream assets appear—the value of the token will become increasingly apparent.

Conclusion

Currently, discussions about Loot continue throughout the industry. Believers like Cao Yin are not in the minority, but there are also views that Loot's popularity is the result of market hype, and it may ultimately end in failure.

Regardless, Loot's emergence has already brought new inspiration to the entire industry. More and more practitioners are大胆创新 based on Loot, which may itself be progress for the NFT market.

As a participant in the NFT market, OKX announced on September 2nd the launch of the NFT platform OKX NFT, allowing users to trade NFTs, while jointly launching various high-quality NFT assets with artists, creators, celebrities, and more.

What can be foreseen is that Loot's impact on the NFT market will continue. As for whether Loot can build a new social paradigm, we should wait and see.

Disclaimer

This article may contain product-related content not applicable to your region. This article is committed to providing general information only and does not responsible for any factual errors or omissions. This article represents the author's personal views only and does not represent OKX's views. This article is not intended to provide any advice, including but not limited to: (i) investment advice or investment recommendations; (ii) offers or solicitations to buy, sell, or hold digital assets; or (iii) financial, accounting, legal, or tax advice. Holdings in digital assets (including stablecoins) involve high risk and may fluctuate significantly, or even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you based on your financial situation. For questions about your specific circumstances, please consult your legal/tax/investment professional. Information appearing in this article (including market data and statistics, if any) is for general reference only. Although all reasonable precautions have been taken in preparing such data and charts, we assume no responsibility for any factual errors or omissions expressed herein. © 2025 OKX. This article may be reproduced or distributed in its entirety, and excerpts of 100 words or less may be used, provided that such use is non-commercial. Any reproduction or distribution of the full article must prominently state: "This article is copyrighted © 2025 OKX, used with permission." Permitted excerpts must cite the article name and include attribution, for example, "Article name, [author name (if applicable)], © 2025 OKX". Some content may have been generated or assisted by artificial intelligence (AI) tools. Derivative works and other uses of this article are not permitted.

Show More

Recommended Reading

OKX Pay: Opening a New Era of Next-Generation Crypto Payments

The choice of tens of millions of users. Register with OKX and enjoy an exceptional trading experience and diverse wealth management products. A letter from OKX CEO Star: Today, we officially launch the first version of OKX Pay for over 100 million global users. As the industry's first payment application to truly achieve a fusion of non-custodial and compliant services, OKX Pay will be embedded within the OKX App and is currently available in select markets, with full

2026年3月22日

A New Chapter: Building the Next Generation of Financial Infrastructure Together

The partnership between OKX and the Intercontinental Exchange (ICE) represents a significant moment for OKX, and is equally momentous for the evolution of the entire digital assets market. ICE establishes and operates the world's most critical financial infrastructure, including the New York Stock Exchange and global derivatives and clearing platforms. This ICE Select investment in OKX and joining our board reflects our shared belief—that digital assets technology will play a transformative role in

2026年3月10日

Tribute to Another Year of Resilience and Progress

As CEO of OKX and a builder who stays true to the original mission, I take great pride in reflecting on the extraordinary growth and progress OKX has achieved this year. Despite significant challenges, 2024 was a year defined by focus, innovation, and resilience. We not only expanded and optimized our products, but also made important strides in launching transparent and regulation-compliant localized businesses, while further strengthening our global management team. It is worth noting that after going through

2026年1月29日

2025: Steady Progress Toward Financial Freedom

— Year-End Letter to Global Users from Star, Founder and CEO of OKX "Financial freedom" is often misunderstood. It does not mean the absence of rules, but rather the right to make choices even when rules exist—and, when the system is truly put to the test, that it remains reliable and effective. This is precisely what we focused on throughout 2025. First, I would like to extend my sincere gratitude to global customers, partners,

2026年1月16日

OKX Officially Launches in Germany and Poland

By Erald Ghoos, CEO of OKX Europe. Today is momentous for OKX—and for crypto users across Europe. We have officially launched our fully compliant centralized cryptocurrency trading platform in Germany and Poland! For us, this is not just a geographic expansion, but a commitment to building the future of cryptocurrency the right way: secure, transparent, and tailored to local needs. If you are in Germany

2025年10月21日

Partnership Upgrade! OKX Joins Forces with Standard Chartered to Expand into Europe

On October 15th, Erald Ghoos, CEO of OKX Europe, stated that OKX is expanding its strategic partnership with Standard Chartered to the European Economic Area (EEA). Earlier this year, OKX and Standard Chartered first joined forces in the UAE, launching a collateral mirroring program—an initia

2025年10月15日