Digital Arts Trading Platform LooksRare Launches NFT Draw Program

LooksRare held an NFT draw with prizes BAYC and Azuki NFT. (Photo; Doc. LooksRare)

JAKARTA One of the leading NFT marketplaces, LooksRare recently launched Raffle NFT with prestigious prizes. Namely NFT blue chip, Bored Ape Yacht Club (BAYC) and Azuki NFT. All participants have to do is buy tickets for 0.01 ETH or less.

For information, Raffle NFT is a competition hosted by LooksRare. In this event, participants have the opportunity to win NFT through ticket or entry purchases. The concept is similar to conventional or lottery Raffles, where people buy tickets to win valuable prizes.

Later, participants will be randomly selected through the use of smart contracts or blockchain-based systems. The system will determine who will win the draw organized by LooksRare.

"If interest in certain rounds is too small, then the round will not be carried out. So, if the number of tickets purchased is too low, the contract will return tickets to users," saidLAd, co-founder of LooksRare.

LooksRare stated that the winning selection process will be carried out openly and transparently because it uses blockchain. To ensure this transparency, LooksRare is willing to conduct a public audit. Interested in participating in the Raffle NFT LooksRare? If you have the ETH left on the wallet, you can enter the lottery.