Description

LooksRare – Creator-focused NFT marketplace

LooksRare is a decentralized NFT marketplace designed to reward creators and community members for their involvement in the ecosystem. Built on the Ethereum blockchain, LooksRare aims to offer an alternative to more traditional NFT platforms like OpenSea by providing unique features such as rewards for both buyers and sellers and a focus on community-driven governance.

Key Features:

• Creator-Focused: LooksRare emphasizes rewarding creators by providing royalties for secondary sales and offering a platform that supports their growth.
• Staking & Rewards: Users can stake LOOKS tokens to earn rewards in the form of additional LOOKS tokens and a portion of marketplace transaction fees.
• Decentralized Governance: Powered by the LOOKS token, holders have a say in platform decisions such as fee structure and future developments.
• Royalties for Artists: Ensures that creators receive royalties on secondary sales, empowering them financially from the growth of their NFTs.
• NFT Trading & Minting: Allows users to buy, sell, and mint NFTs on the platform, with fees that support the overall ecosystem.
• Peer-to-Peer Transactions: Facilitates a decentralized, peer-to-peer trading model, avoiding intermediaries and offering lower fees.
• LOOKS Token Utility: The LOOKS token provides voting rights in governance and acts as an incentive to keep the ecosystem decentralized and community-driven.
• No Listing Fees: Unlike some platforms, LooksRare allows creators to list their NFTs without any upfront fees.
• Community Rewards: Users who engage with the platform (trading, staking, etc.) are rewarded, fostering a strong community-driven ecosystem.