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LooksRare NFT Marketplace Token Airdrop is Live

LooksRare

Have you spent/received at least 3 ETH on OpenSea?

LooksRare, a new Ethereum based NFT Marketplace, landed with a splash this week alongside an airdrop announcement for anybody who has spent or received at least 3 ETH in the last six months on leading NFT platform OpenSea. 

Even though the platform just launched, the trading volume on the LooksRare marketplace is peaking. It has generated over $19 million from 2,335 traders since LooksRare launched on December 27th, 2021. 

In what appears to be a smart marketing move, the airdrop put LOOKS tokens into the hands of the most engaged users with a strong passion for collecting, buying, and selling NFTs. Furthermore, a stipulation of collecting the airdrop is that the collector list at least one NFT for sale. 

LooksRare NFT Marketplace

Looking at the peaking metrics, it appears many traders collected their airdrop and, rather than cashing out and paying currently high gas fees, went on to purchase digital collectibles on the new marketplace. Alternatively, new LOOKS token holders could stake their tokens to receive rewards in WETH and LOOKS directly within the marketplace, which would contribute to the volume figure flowing through the dapps smart contracts. In total, the platform offers users three ways to earn from participating in the ecosystem. 

LooksRare NFT Marketplace

How to claim LOOKS:

Claim your LOOKS fast because it’s only live for a few days. 

  • Go to https://looksrare.org/
  • Connect your wallet
  • Hit the check button in the banner at the top of the homepage to see if you’re eligible
  • IMPORTANT: Check eligibility before listing an NFT
  • If you’re eligible, list an NFT for sale
  • Smash the Claim Tokens button in the banner and confirm the transaction
  • Stake your LOOKS on the Rewards page to start earning trading fees

What is LooksRare 

LooksRare is a community-first NFT marketplace with rewards for participating. Users buy or sell NFTs to earn rewards. Unlike OpenSea, users are rewarded for their participation and trading on the market. Arguably, and amidst rumors of an OpenSea token and airdrop LooksRare fundamentally just got the jump on OpenSea. Users today expect rewards to be part of any service they interact with as DeFi mechanics continue to infiltrate dapps.   

As mentioned, the LooksRare marketplace is on Ethereum, so it trades in almost all the same NFT collectibles as OpenSea. Collectibles such as Meebits, Doodles, and Cool Cats. Except on LooksRare, users can earn tokens for trading. Moreover, users can stake their LOOKS tokens to earn further rewards in WETH and LOOKS up to 751.26% APR at the time of writing. The APR will drop when more users join the staking program. 

LooksRare NFT Marketplace

The platform has a great user experience and overall feel, plus allows users to list NFTs with them and other platforms simultaneously for maximum exposure. Collection offers let buyers bid on entire collections while creator royalties are paid out instantly at the point of sale. Interestingly, buyers can also combine ETH and WETH to make purchases. 

How to claim LOOKS:

Claim your LOOKS fast because it’s only live for a few days. 

  • Go to https://looksrare.org/
  • Connect your wallet
  • Hit the check button in the banner at the top of the homepage to see if you’re eligible
  • If you’re eligible, list an NFT for sale
  • Smash the Claim Tokens button in the banner and confirm the transaction
  • Stake your LOOKS on the Rewards page to start earning trading fees
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The above does not constitute investment advice. The information given here is purely for informational purposes only. Please exercise due diligence and do your research. The writer holds ETH, BTC, AGIX, HEX, LINK, GRT, CRO, OMI, IMMUTABLE X, ENS, GALA, AVASTR, GMEE, CUBE, RADAR, FLOW, FTM, BNB, SPS, WRLD, ATOM, and ADA.

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