The Avalanche team announced via a blog post on Tuesday that Looty has launched a loyalty and rewards platform on Avalanche. Looty is leveraging loot boxes, empowering both Web2 brands and Avalanche ecosystem projects to distribute NFTs in an engaging, accessible new way.
The team added that 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.
Looty is planning to offer keys and lootboxes with partners from across Web3, plus traditional Web2 industries such as events, music, gaming, and various others.
Avalanche is an open-source platform for launching Decentralized Finance (DeFi) applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem.AVAX is down by 4% so far today and currently trades at $37.70 per coin.