# Introduction

**Loot Hunter** is a play-to-earn NFT game where players mint characters, equip them with gear, and send them to dungeons to earn rewards. All NFTs are minted following the ERC-721 standard and can be traded on our in-game marketplace.

The game utilizes the [**$LOOT**](https://loot-hunter.gitbook.io/loot-hunter/loot/tokenomics) token for all in-game transactions and rewards. Prices and rewards are pegged to the USD, ensuring that if the price of [**$LOOT**](https://loot-hunter.gitbook.io/loot-hunter/loot/tokenomics) increases, minting costs decrease, and rewards are adjusted accordingly.

Rewards are directly transferred to the player's wallet and can be immediately converted to USD.


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