This New Crypto Asset Is Soaring After Earning Surprise Support From Coinbase

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This New Crypto Asset Is Soaring After Earning Surprise Support From Coinbase

A new altcoin that launched early this month is surging after receiving surprise support from Coinbase.

Adventure Gold (AGLD), which is the native crypto asset of the open-source Loot Project, is now live on Coinbase Pro.

The project has released “Loot Bag” non-fungible tokens (NFTs) that are essentially text files containing eight phrases, such as “Short Sword,” “Plated Belt,” and “Titanium Ring.”

Source: Loot Project/Coinbase

These phrases are designed to become virtual “building blocks” for a yet-to-be-released video game, and anyone with a Loot bag can claim 10,000 AGLD – which will also become an in-game currency.

Coinbase says,

“Adventure Gold is an Ethereum [ETH] token that was airdropped to owners of Loot Project NFTs. Loot is a project that generated randomized adventure gear stored on-chain that can serve as the foundation for games built in the future.

AGLD can potentially be used as an in-game currency for similar games and projects eventually built on top of the Loot Project.”

The price of the crypto asset was around $2.91 just before the Coinbase announcement, which catapulted the altcoin to as high as $4.29, according to CoinGecko.

The AGLD listing is the latest in a spate of altcoins added to the Coinbase platform in recent weeks.

CEO Brian Armstrong said this summer that the exchange was hustling to list as many altcoins as possible.

Featured Image: Shutterstock/Tithi Luadthong


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