What if you took away all of Loot NFTs' fanciful elements? Then you'd have an NFT collection worth 10,256 ETH (about $40 million). Just three days after its introduction, the N Initiative is the fifth most popular NFT project. One NFT in collection sells for an average of 1.15 ETH ($4,537). N Project is a parody of the Loot project, which is made up of 8,000 separate randomised lists of text detailing mediaeval fantasy RPG stuff.