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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.
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.
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.
Read 26 tweets
Collectors: It's not just about status or money, it's about supporting artists who have invested years into developing their craft. Artists have been overlooked for far too long, yet continue to pour into what they are passionate about. Artists make our world a much better place.
Being an art #collector, whether in #cryptoart, #nft's, traditional #art, or many other art forms - it must primarily stem from a love for beauty, skill, creativity, nature, meaning, and thinking. Great art makes us appreciate, connect, aspire, reflect, and adjust perspectives.
As collectors, we help to recognize these talents in original artwork. Collecting from underrated, undervalued, underappreciated, unknown #artists who display stunning aptitudes for creating is a joy and a privilege, as it communicates to artists that they are valued and seen.
Read 5 tweets

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