LooksRare

LooksRare

LooksRare LOOKS Rank #232

Walkthrough LooksRare (LOOKS) Token. What is it, price and yields

LooksRare Exchanges

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LOOKS is the token that powers LooksRare, the community-focused NFT marketplace that actively rewards merchants and creators for their participation. 100% of LooksRare platform trading fees are earned by LOOKS tokens, a reward model created in direct response to the previous generation of NFT marketplaces whose fees primarily reward a single entity. Users earn LOOKS tokens by trading NFTs on LooksRare, staking LOOKS (which also earns WETH commissions), and more. LooksRare's trading experience is intuitive for experienced NFT traders, while offering innovative new features such as collection-level offers, instant royalty payments for creators, and flexible purchases with mixed tokens (WETH + ETH). Behind the simple user experience is an innovative modular smart contract design and a full stack built from the ground up for scalability, security, and speed. The LooksRare model was designed as a direct response to the previous generation of NFT marketplaces, with the goal of furthering the NFT community by rewarding user participation.