LooksRare LOOKSPrice $ 0.0112

LooksRare is the community-first NFT marketplace that actively rewards traders, collectors, and creators for participating. Part of being community-first means that LooksRare rewards, empowers, and gives back to the platform's users and creators:

• Get rewarded - Users that buy or sell NFTs from eligible collections earn LOOKS tokens
• Share the platform fees - 100% of trading fees are earned by LOOKS stakers
• Creators get paid instantly - Creators get royalty payments at the moment of sale.

LooksRare’s smart contracts are custom-built within a modular system that enables new features to be rolled out over time – without compromising security – thanks to standardized signatures that clearly define the execution scope:

• Collection offer - Make an offer that covers all NFTs in a selected collection
• Trait offer - Offer to buy any NFT with a specific trait in a collection e.g. BAYC w/ Gold Fur
• Multi-cancellation - Cancels multiple open orders in one transaction.

LooksRare's model was designed in direct response to the previous generation of NFT marketplaces, with the goal of fostering the NFT community by rewarding user participation.