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. 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.
How you make money
Earn by Staking - 100% of LooksRare’s trading fees are redistributed proportionally to LOOKS stakers.
Earn by Trading - You earn LOOKS every time you buy or sell an NFT from an eligible collection.
Earn by Providing Liquidity - Provide liquidity to the LOOKS-ETH pair on Uniswap V2 to earn additional LOOKS rewards on top of Uniswap’s regular liquidity provider rewards.
How LooksRare makes money
LooksRare collects a basic sales fee of 2% (in WETH) on all NFT sales excluding private sales. All the WETH collected from these fees are consolidated at the end of each recurring 6,500 Ethereum block period (roughly 24 hours) and then distributed to LOOKS stakers in a linear format per block over the next 6,500 block period.
Is it safe?
Over $5 billion worth of NFTs was traded on LooksRare in just the first ten days after the platform launch. The platform's coin LOOKS has traded as high as $7, which would give LooksRare a fully diluted valuation of over $7 billion.
From utilizing some of the world’s most powerful search infra, down to implementing on-chain standards like EIP-712 and ERC-2981, LooksRare’s technical architecture (contracts, database, API, front end, search) has been designed from the floor up for scalability, speed and security using the latest and greatest tech.