Thread by @LordSecretive

You have probably heard of Gartner's hype cycle. It's a model that applies to most new technologies. Here I apply it to the @lootproject

Loot was subject of impossible hype 6 months ago. Something new and innovative had emerged, people wanted it to deliver immediately.

2/ An entirely new model of community-driven world building, story-telling and gaming emerged, and people gathered. Excitement about possibility was mixed with economic opportunity. Everyone hoped for Loot to succeed overnight and kinda lost their minds. It happens ¯\_(ツ)_/¯

3/ Copycats, bad actors, haplessly naive developers all fuelled the hype, and the project burned many people financially and emotionally. People assumed Loot was dead. 💀

Look back at the diagram - Loot was in the Trough of Disillusionment (it sounds like a Loot bag item!)

4/ In reality, the post-hype period -the trough - was when those serious about making this new model of IP and entertainment a reality really got to work. Teams of engineers, artists, freaks and geeks, writers and gamers formed into project teams and set to work.

5/ Communities gathered around the teams and shared the vision. Through NFTs the community funded these creators, and supported the projects with enthusiasm, creative and professional input. A lot of community members became team members.

6/ This is the way of web3. A whole new model of creating, funding, socialising and working has been layered onto the blockchain. People have re-organised around the possibilities of the tech.

THANK YOU BLOCKCHAIN 🙏

7/ I have seen this first-hand with the @LootRealms project, and at one step remove with the @GenesisLoot project. Both are derivatives built off of Loot - but now with their own tech, communities, funding, vision... and products coming out of production.

8/ Today the projects inspired to build from @dhof's Loot experiment are starting to converge - sharing learnings and code from hands on experience of #layer2 solutions like @StarkWareLtd and @arbitrum. Offering 'creator to creator' lego building blocks to each other's games.

9/ What's next? I believe we see the Loot projects ascend the 'Slope of Enlightenment'. Without the shackles of exaggerated hype real things get built. Useful and enjoyable products, executed by the builders and communities that are here for the long term.

Enjoy the climb ⚔️

Shout out to @LootRealms @GenesisLoot @cryptsncaverns @TheCryptGame @hyperloot_ @BannersNft @lootgraph @divine_dao @dom @lootproject @0xobservatorium and all the other communities on this journey @Treasure_DAO @blitmap @influenceth @matchbox_dao

@LootExplorers too!!

@TheDopeWars another great example, sorry I missed you. I need to get involved in your ecosystem