New NFT marketplace LooksRare allows traders to earn rewards

NFTs can be bought or offered from eligible collections to make the native energy tokens LOOKS tokens. OpenSea users that traded 3 ETH or less in between June 16 and December 31, 2017 were eligible for an airdrop of LOOKS tokens.

LooksRare was established by Zodd and Guts (anonymous co-founders), and declared it would be “By NFT People for NFT People.”

#LooksRare NFT Marketplace Now Available! $LOOKS airdrop claim opened Staking begins at block 13977012 Trading rewards computations begin tomorrow LFG https://t.co/Y1jt9Kmqt6
— January 10, 2022 – LooksRare– NFT Marketplace (@LooksRareNFT).

LooksRare is a freshly introduced marketplace for nonfungible tokens or NFTs. It declares it wants to index all NFT collections utilizing the Ethereum blockchain. On Monday, the website was introduced with an airdrop of tokens.

Related: GameStop shares rise 26% in after-hours trading after NFT department unveiling

The platform charges a basic cost of 2% on all NFT trades. This is lower than OpenSeas 2.5% and goes to LOOKS token holders. Users can likewise trade NFTs utilizing Ether (or wrapped ether) LOOKS was trading at $2.699 (0.0008748 WETH) at the time of publication.

On Monday, the LooksRare site was unavailable for several hours. The site suffered a distributed rejection of service attack (or DDoS) according to Discord.

Related: 5 NFT markets that could overthrow OpenSea 2022

LooksRare is a recently launched marketplace for nonfungible tokens or NFTs. It declares it wants to index all NFT collections using the Ethereum blockchain. NFTs can be purchased or offered from qualified collections to make the native utility tokens LOOKS tokens. Users can likewise trade NFTs using Ether (or covered ether) LOOKS was trading at $2.699 (0.0008748 WETH) at the time of publication.

The wire service Associated Press revealed Monday that another NFT market was being released. It prepares to release its photojournalism NFT platform Jan. 31.
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