What is Looksrare?
Looksrare is NFT marketplace that offers buying, selling of different NFT Projects. Looksrare is competitor of Opensea i.e., biggest NFT marketplace platform primarily builds on Ethereum network. Looksrare not fork version of any existing platform, as its smart contract are custom made within modular system. Looksrare unique smart contract enable new feature without fear of any security and decentralization.
Looksrare offer 20% lower trading fees i.e., platform commission than Opensea and it charges 3% trading fees, where opensea charges 4%. Platform also distribute reward to their user for buying and selling NFTs. Looksrare said to be community first NFTs marketplace where traders, stakers and collector get rewarded in different way. In features list Looksrare has introduce new type of interaction like collection offer, trait offer and multi-cancellation. This new interaction will save gas fees of user, as many users finds difficult to manage their assets on different platform.
Looksrare trading volume is setting new record since its launch and more new users joining platform. Major NFTs project including Bored Ape Yacht Club, Azuki, Meebits and more already listed on Platform.
Looksrare Price Prediction
|Month & Year||LOOKS Price Prediction|
|Based on||NFT Marketplace|
|Exchange Platform||Uniswap,Huobi Global, Bybit, FTX, MXCE, ZB|
Looks Price Analysis
Looks Utility and DAO token of Looksrare Platform created on Ethereum Network. Looks Token initially airdropped to NFT trader with few conditions, as 20% of supply was airdropped. Looks after listing set huge record and following that it gets listed on top CEX exchanges like Huobi, Gate and others. Looks registered $7 USD all time high record and during 2022 bearish run it falls below $1 USD. Looks price slowing recovering, as market is all set for another bull run. Looks has great utility, as NFT trading volume is still low and more big volume traded about to come in future. so, in future huge trading volume will be definitely favour price of Looks token.
Expected to trading between $500 to $600 USD.
If you NFT trader most of you already receive airdrop from Looksrare and staking with 250% APY will be great investment.
Looksrare open competition to opensea, who already have millions of active users. Since, Looksrare launch many users shifted from opensea because of rewards and trading fees it offers. However, Whale still using Opensea, as they don’t care about fees and feature that competitor offers. Looksrare new feature such as multiple order cancellation, customized order and target buying or selling definitely game changers. Looksrare is ranked top 3 in NFT marketplace category and it continue to hold this position.