NFT Marketplace LooksRare Sinks Fangs Into OpenSea With “Vampire Attack”
NFTs are still big in the crypto space and NFT marketplaces even more so. These are avenues where people are able to sell their NFTs and also display their work for potential investors. With the growth of the NFT space, marketplaces are seeing increasing support from those who are heavily involved. With time, it has […]
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A new non-fungible token (NFT) marketplace called Looksrare has surpassed Opensea in terms of daily volume on Wednesday. Statistics show 3,264 Looksrare traders have executed $385.39 million in sales during the last day, as the marketplace has seen a 1,461% increase in daily volume.
Looksrare NFT Market Captures Number 1 Position in Terms of Daily NFT Volume
There’s a new Ethereum-based NFT marketplace called Looksrare and during the last day, it has surpassed Opensea in 24-hour volume. Of course, Opensea is the largest NFT marketplace in terms of all-time volume with....
NFT investors are demanding that marketplaces recognize and give value to their users, prompting competitors like LOOKS, SOS and WTF to launch ambitious vampire attacks on OpenSea. NFTs continue to surge with what looks to be no end in sight. Since January 14, 2022 OpenSea notched trading volumes over $1.03 billion, and its latest rival, LooksRare, has eclipsed the platform according to data from DappRadar. Top 8 NFT marketplaces by volume. Source: DappRadar What’s clear is that NFT collectors and traders appear to be shifting their sentiment on where they are seeing value. Since the start....
As NFT trading activity remains high in volume, a new wave of NFT trading platforms have begun to crop up in 2022. LooksRare, a recently launched nonfungible token, or NFT, marketplace, says it wants to index all NFT collections on the Ethereum blockchain. The site went live on Monday with a token airdrop.#LooksRare NFT Marketplace Now Live! $LOOKS airdrop claim open ⏰ Staking starts at block 13977012 Trading reward calculations start tomorrow LFG! https://t.co/Y1jt9Kmqt6— LooksRare - NFT Marketplace (@LooksRareNFT) January 10, 2022 Created by two anonymous co-founders, known as Zodd....
LooksRare aims to be an alternative to OpenSea, but the amount of wash trading on the platform raises questions on whether users really view it as a viable competitor. LooksRare made its debut on Jan.10 and the recently launched NFT marketplace has drawn a lot of attention, not only because its daily trade volumes were more than double Opensea’s on the second day of trading, but also because it has become the new playground for wash traders.Wash trading is a series of trading activities involving the same trader buying and selling the same instrument simultaneously, creating artificially....
Opensea competitor LooksRare, one of the major NFT markets in the business, has confirmed the cash-out of $30 million in Ethereum, causing outrage within the community. The platform which was launched as OpenSea killer recently confimed that its official team recently made over $30 million in cash out from staked tokens of the platfom’s native […]