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$LOOKS Thread:
1/ Intro
While most of #LooksRare's volume has been wash trading, the legitimate NFT volume in Jan alone was still more than what #NFT marketplaces #Rarible, #SuperRare, #Foundation, #Makersplace, and #Aysnc did in all of 2021 combined.
That is still impressive.
1/ Intro
While most of #LooksRare's volume has been wash trading, the legitimate NFT volume in Jan alone was still more than what #NFT marketplaces #Rarible, #SuperRare, #Foundation, #Makersplace, and #Aysnc did in all of 2021 combined.
That is still impressive.
Remember that wash traders on #LooksRare still have to pay a 2% platform fee in $WETH.
As rewards lower, the $LOOKS earned may be worth less than the $WETH spent, making wash trading unattractive.
As rewards lower, the $LOOKS earned may be worth less than the $WETH spent, making wash trading unattractive.
But by then, #LooksRare would’ve achieved market share that #OpenSea’s closest competitors failed to achieve over a longer horizon.
Still early days, but I would say what the platform managed to achieve in such a short amount of time is still objectively impressive.
Still early days, but I would say what the platform managed to achieve in such a short amount of time is still objectively impressive.
