Let's talk about the two projects OpenLoot and Magic Eden

Magic Eden's current market value has reached 740 million dollars, and its trading volume is also quite good, with over 70 million dollars every month. However, it is primarily a governance token, allowing token holders to vote on how the project operates.

In contrast, OpenLoot currently has a market value of only 67 million dollars, with a monthly trading volume of nearly 20 million, which is smaller in scale. However, its positioning is quite interesting - it's not just a simple voting right, but has designed many practical use cases.

For example, holding OpenLoot allows you to enjoy fee discounts on the platform and participate in exclusive activities. It can also be used in games, such as earning rewards or renting equipment.

I think the design of OpenLoot is quite clever. First of all, it is not a single-purpose token, which can prevent the token from being stagnant in users' hands and not circulating. Secondly, through cooperation with games, it encourages players to actually use this token, creating a positive cycle.

However, the field of blockchain gaming still needs time to mature. The user base and content ecosystem need to accumulate gradually, and in the short term, there may not be particularly large explosions. But in the long run, tokens like OpenLoot with strong practicality should have considerable development potential.