LooksRare is a community-first NFT marketplace that actively rewards all users of the platform. Whether you're a creator, collector, or trader, you are eligible to earn LOOKS tokens. Ultimately, the aim of the LooksRare platform is to give back to users and creators of the platform.
LooksRare incentives for active traders on its platform appears to incentivizes the wash trading acts.
Of the over $9 billion dollar worth of trades on LooksRare, over 80% of them were wash trading.
After a blasting start, OpenSea challenger LooksRare still boasts high transaction volumes, but are the numbers “real” and is LooksRare gonna make it in the long run?
LooksRare, a decentralised clone or “vampire attack” of NFT marketplace OpenSea, has blasted the market the first two days after its launch. Is OpenSea finally facing some serious competition?
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