https://www.vice.com/en_us/article/akgp8e/people-are-spending-millions-of-dollars-on-loot-for-games-that-dont-exist

As the world of non-fungible tokens (NFTs) gets weirder, and more money than ever before gets thrown around the space, increasingly bizarre phenomena keep taking off. The latest NFT craze involves video games. Just ones you can’t play—yet. 

It all began with Loot: text-based NFT art for video games that are yet to be released or even designed. Loot exploded last week when Dom Hofmann, the co-creator of Vine who is now working on a concept for NFT-based video games, dropped 8,000 NFTs. The NFTs, called “Loot,” consist of images of text listing common adventuring items you would find in a video game. There are no stats, no game to equip the items within, just a list; on top of that, Loot lists are free to generate, aside from network fees.