Marketplace NFT LooksRare: Definition, Founder, LOOKS Token, And How To Sell Digital Works

The NFT Marketplace LooksRare provides crypto tokens for its users. (Photo; Doc. Abmedia)

JAKARTA The skyrocketing popularity of NFT digital art (Non-Fungible Token) in recent years has triggered the emergence of a number of popular NFT trading platforms. Some of them are OpenSea, the newly viral NFT Blur marketplace, and Magic Eden. In addition, there is also a competitor to OpenSea, namely LooksRare.

The NFT marketplace has become a favorite place for lovers, collectors, and digital art creators to trade their work on a number of these platforms. This article will highlight the looksRare NFT marketplace which provides a number of advantages for its users.

LooksRare is one of the leading NFT marketplaces on the Ethereum blockchain that provides non-fungible token (NFT) trading. The platform offers a wide variety of NFTs, both popular ones like Bored Apes and recently released ones.

The LooksRare platform really appreciates the NFT community. Therefore, they reward creators, collectors and NFT traders with their real utility tokens, LOOKS. Their Moto is "By NFT People, For NFT People", so they emphasize the importance of giving reciprocity to the digital art community.

Currently, LooksRare charges 2 percent of selling costs for NFT sales. According to the NFT Evening report, the NFT marketplace offers several interesting features such as rewards trading, rewards staking, and more. In addition, it has adopted a modular framework for its smart contracts, which facilitates the addition of new features in the future.

LooksRare was launched in January 2022 by anonymous co-founders with the names "Zodd" and "Guts" as competitors to OpenSea. They plan to attract users through several features, especially LOOKS token prizes.

This platform has its own original token, the LooksRare Token (LOOKS). LOOKS is developed on the Ethereum network with ERC-20 standards. The presence of LOOKS tokens is a differentiator for this NFT marketplace from others such as OpenSea.

The LooksRare token (LIAS LOOKS) is an original ERC-20 market token based on the Ethereum blockchain. The fact that LooksRare has its own token distinguishes it from other major NFT markets like OpenSea. With a total supply of 1 billion, LOOKS tokens are currently trading at a price of 0.28 US dollars per token at the time of writing.

LOOKS is at the heart of various LookRare reward programs. Usually, LookRare users can risk being taken to get a prize. In addition, this platform gives active traders awards to register certain NFT collections for sale. Users can also get trade prizes to buy and sell NFTs from certain collections.

To sell NFT, you must first print or mint your digital works. Mining NFT in LooksRare can be done using a third party service Manifold Studio. After connecting your wallet to a website, look for a "Manifold" tab and use the service to import files and create an NFT before registering it in LooksRare.

If it's minting, then you can sell it on the LooksRare platform by following the following methods:

That is the understanding of LooksRare and its founders, as well as how to sell NFT in the NFT LooksRare marketplace easily!