by LooksRare Team
Quick Fact
LooksRare is a decentralized NFT marketplace built by the community, for the community, offering rewards and lower fees compared to traditional platforms.
LooksRare, a decentralized NFT marketplace built on the Ethereum blockchain, was introduced in January 2022 by its creators, Zodd and Guts. This innovative platform enables users to engage in a variety of activities such as listing, purchasing, selling, staking, and trading NFTs. Additionally, participants have the opportunity to earn LOOKS tokens as rewards. Developers can leverage the LooksRare API to access order data and interact with other contracts. The platform’s reward system serves as a motivating factor for users, encouraging active participation within the ecosystem.
LooksRare introduces a unique rewards system where active traders earn $LOOKS tokens as incentives, redistributing value back to the users who drive the platform.
With its easy-to-navigate interface and advanced tools, LooksRare enhances the buying and selling process by offering real-time data, superior search functionalities, and user-friendly options for managing digital assets.
LooksRare is known for its competitive fee structure, making it an attractive option for NFT traders looking to maximize their profits while minimizing the cost of transactions.