Gas-Guzzling, Worthless On-Chain Pet Captivates Ethereum Community.

After accidentally killing one on-chain critter, the Ethereum community is spending thousands to keep the latest WAGMIGOTCHI alive.

A gas-guzzling side project from an increasingly high-profile developer has attracted the attention of the Ethereum community, but without incentive structures and limited utility, it’s unclear exactly why.

Dom Hofmann, who co-founded the defunct social media video platform Vine, is building a fervent following after the success of a number of Ethereum-based projects and self-described “experiments.” A text-based non-fungible token (NFT) project he released for free last month, Loot (for Adventurers), now accounts for over $200 million in secondary market sales.

Read the original article on Coindesk

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