Loot8 - The Experience Ecosystem of the Future

Liam Morgan

Liam Morgan, the driving force behind Blood Orange, Prism Skate Co and Caliber Truck Co , epitomizes modern downhill skateboarding. As an entrepreneur and athlete, he stands atop the world of extreme sports.

At LOOT8, we recognize Liam Morgan's followers as Kevin Kelly's "1,000 True Fans" concept . A core group of “Super Fans” who financially support their admired creator, forming the foundation of what we call the "Relationship Economy." To grow this, Liam employs a few key strategies:

How it works

STEP #1: Create an Experience Passport (EXPass)

In LOOT8, Liam Morgan introduces a "Subscription Passport," a private chat room for Super Fans to influence exclusive content. Each new subscription increases its value. Fans can exit at any time, reclaiming 80% of their one-time subscription fee, or sell their access in the marketplace at the current price. Each transaction earns Liam a 10% royalty, creating an economic model that supports Liam and the subscriber.

STEP #2: Create Memorabilia

In LOOT8, all digital memorabilia contains a private chat room, where fans share experiences. Liam adds his memories, enhancing the value of these relationships. Digital collectibles, including those linked to physical items like skateboards or special events, are available for purchase or trade on LOOT8. Buying new memorabilia involves an 80% deposit, similar to the "Subscription Passport" system. Memorabilia can be traded in the marketplace at market prices. Remember, core value lies in the shared relationships within these private chat rooms, making each item more than just a collectible.

STEP #3: Create Memories

In LOOT8, Liam focuses on real relationships, not creating more passports or memorabilia. It's a space free from algorithms, where genuine interaction is key. Liam shares authentic thoughts, and fans engage in meaningful connections. In the future, as a digital extension of himself, Liam can use a personalized AI co-pilot to further deepen engagement. The passport remains central, enabling Super Fans to influence memorabilia while keeping connected with others who share in Liam's journey.

Here's a brief breakdown of the standard royalty structure, the cornerstone of how Liam and holders of passports and memorabilia monetize their relationships:

Conclusion

LOOT8 offers key capabilities for creators:

Complementary Platform: It enhances, rather than replaces, traditional social networks.
New Business Opportunities: Creators can build new businesses by monetizing their relationships, both digital and 'phygital' (physical + digital), through innovative technologies like QR codes, NFC chips, geofencing and super hero AI co-pilots.
Value in Engagement: The platform's long-term worth lies in fostering relationships and influence within private chat rooms, beyond digital art. These are not NFTs, they are memorabilia.
Community Focus: Envision LOOT8 as a fan club or intimate gathering place, where exclusive memorabilia becomes a legacy.

Similar to how Instagram revolutionized photo and video sharing, LOOT8 aims to transform memorabilia trading and engagement, complementing other platforms to create a richer experience.