Looty and Inspect Launch Loyalty Platform with Loot Crate Rewards, Boosting Avalanche NFT Season

Feb 19, 2024 / By Avalanche / 4 Minute Read

Loot crates create a new NFT distribution engine, one with leaderboards letting select Avalanche NFT holders earn rewards

Looty has launched a loyalty and rewards platform on Avalanche leveraging loot boxes, empowering both Web2 brands and Avalanche ecosystem projects to distribute NFTs in an engaging, accessible new way. The program will leverage Inspect, a unique Web3 analytics platform, to give users deep insights into the social dimensions of their NFTs while allowing them to compete for rewards. Ecosystem projects and brands put NFTs in Looty’s loot boxes. Users mint NFT keys and open them, scoring exclusive rewards and NFTs while allowing brands and ecosystem partners to connect with their customers in new ways.

Looty is planning to offer keys and lootboxes with partners from across Web3, plus traditionally Web2 industries such as events, music, gaming, and various others. Intriguingly, Looty loot boxes can contain RWAs – and may in the future.

Further, Looty will be the latest Avalanche NFT app to offer rewards, supported in part by the Avalanche Foundation, to the Avalanche community, starting with Avalanche NFT communities.

Here’s how to use Looty and Inspect to compete for rewards:

Download Inspect’s Browser extension, which serves as an overlay to X (formerly Twitter).
This will link to your Twitter PFP. (An Avalanche PFP qualifies for rewards launched through Looty.)
Use Looty to purchase a loot box key (or receive one from Inspect). Open a box.
Over time, view your profile to get personalized insights on how you match up against other users, including large influencers, on leaderboards measuring user reach.
Based on where you rank on Inspect, you could gain Looty rewards.

The Looty-Inspect rewards program will run in parallel to the popular Hyperspace NFT incentive program, both augmenting the broader Avalanche NFT experience. Together, the foundations have been set to connect a launchpad for easy minting (Hyperspace), and a platform for building communities and social provenance (Inspect).

“We are very excited for Looty to launch on Avalanche, where we can continue to prove how flexible and scalable Avalanche is while bringing additional utility to the NFT, crypto, and RWA spaces,” said Dominic Carbonaro, BD Lead, Arts & Culture at Ava Labs. “The inclusion of Inspect to power the social leaderboard and provide powerful NFT analytics is a match made in heaven, and we’re looking forward to watching it all play out.”

Inspect brings a new dimension to the Avalanche NFT ecosystem. With 150k+ web app users, it is a premier browser extension for analyzing and navigating Web3. Key features include crypto analytics, NFT personalization, advanced UI for trading experiences, premium subscriptions for deeper analytics, and a trading hub with customizable dashboards.

Using Inspect, anyone can better understand the fluctuating social sentiments of NFTs. Inspect allows users to explore the crypto universe deeply, giving them the tools to better navigate trends, identify opportunities, and turn live social feeds into signals.

Launch partner Exit Festival will be one of the first Web2 parties to use the platform. Visit the digital hubs of Looty and Inspect to learn more and start opening boxes soon.

About Inspect

Inspect stands at the forefront of Web3 as a Layer 2 solution, empowering users within X (Twitter) and other social ecosystems with indispensable tools and insights for navigating the dynamic realms of cryptocurrencies and NFTs.

About Looty

Looty is a Loyalty & Reward platform that makes it simple, easy, and fun for brands big or small to reward their community through uniquely engaging experiences. As Looty looks to become the L&R cornerstone of the Avalanche ecosystem, their systems can be utilized by a wide variety of services & and platforms ranging from festivals wanting to bring ticketing on-chain to DEXs looking to make providing liquidity even more rewarding.

About Avalanche

Avalanche is a smart contracts platform that scales infinitely and regularly finalizes transactions in less than one second. Its novel consensus protocol, Subnet infrastructure, and HyperSDK toolkit enable Web3 developers to easily launch powerful, custom blockchain solutions. Build anything you want, any way you want, on the eco-friendly blockchain designed for Web3 devs.

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