For example, Bitcoin, Ethereum, and Linux all have core developers who have built a solid foundation and an open-source community management paradigm. While Loot may not solve the global pessimism level keeping society in its grip, it plants a seed for cautious optimism in this space.Д«ut, whatвЂ™s the fact ? Loot as a social experimentДЄny decentralized product, organization, and economic model needs a soul or a core team first, and later it can expand in a broader sense when it is relatively stable. Rather than focus on the monetary aspect, it is essential to trigger excitement, wonder, and big dreams. Loot seems to have the potential to become the вЂњNew Primitive.вЂќ It shows the potential of what NFTs could and perhaps should be. Loot is rudimentary information that leaves everything up to the ownersвЂ™ imagination. Moreover, it empowers the community in ways not explored before. Rather than going for the tried and tested art-based model, the teams introduce a primitive approach. One can argue that LootвЂЉ-вЂЉand its derivativesвЂЉ-вЂЉare a different breed of NFT projects. Through technological advancements, DAOs, decentralized networks, immutable money, and cooperatives, Loot aims to usher in that вЂњnext momentвЂќ for the NFT industry. Salvation for NFTs will come from a very different angle. Despite some dystopian and nihilist NFT projects proving successfulвЂЉ-вЂЉBored Ape Yacht Club or Cyberpunks are good examplesвЂЉ-вЂЉthey fail to offer a long-term tangibility. Similar to traditional art, NFT needs to achieve their Renaissance moment. Technology and play-to-earn blockchain games provides some relief, but it is not the вЂњfinal form.вЂќ The sentiment created from this skewed equilibrium is reflected in the NFT artwork we see today, as there is a much bigger story to these creations. Unfortunately, for millennials and Zoomers, the current landscape in the Global South offers very little hope. Unfortunately, it was not possible to achieve that goal, but through technological advancements, things are very different today.ДЇrom all of this turmoil and chaos, new ideas and concepts will sprout. Even in the 19th century, the concept of self-governing organizations to replace state and capital was a tangible topic of debate. The dispute between Bakunin and Engels is such an example. Whether it is ideological, political, military, or otherwise, change will only happen out of conflict and the ensuing chaos. From Conflict Comes Chaos And EvolutionДЇlipping through societyвЂ™s history, it is apparent the most significant changes always occur after some form of conflict erupts. Artworks reflect the sentiment of any historical period, as the current frustration and despair can usher in the Renaissance of cooperatives with the help of NFT. Some of its potential is rooted in an old dispute between Mikhail Bakunin and Frederick Engels, dating back to the late 19th century. NFT has given an entirely new meaning to the art industry.

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