{"id":393205,"date":"2022-01-13T00:45:00","date_gmt":"2022-01-12T21:45:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/opensea-competitor-looksrare-exceeds-394m-in-sales\/"},"modified":"2022-01-13T00:45:00","modified_gmt":"2022-01-12T21:45:00","slug":"opensea-competitor-looksrare-exceeds-394m-in-sales","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/opensea-competitor-looksrare-exceeds-394m-in-sales\/","title":{"rendered":"# OpenSea competitor LooksRare exceeds $394M in sales"},"content":{"rendered":"<p>&#8220;<strong># OpenSea competitor LooksRare exceeds $394M in sales  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDEvMmMxNWZkYzgtMTQ5OS00NmNhLWIwNjUtNTVmMWZlNDBhMDkzLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Daily volume on NFT marketplace LooksRare has already exceeded $394 million following the platform\u2019s official launch on Jan. 10.<\/p>\n<p>The platform was able to bring in this customer base by offering only 2% fees on basic sales and zero fees on private sales, compared to competitor OpenSea\u2019s 2.5% fee on every transaction. The project also allows traders to earn rewards in the form of its native LOOKS token for buying and selling NFTs. <\/p>\n<p>The premier NFTs that have taken LooksRare by storm are the Meebits collection, which come from LarvaLabs \u2014 the same creators behind Cryptopunks and Autoglyphs.\u00a0<\/p>\n<p>Meebits are currently the top collection on the market at the time of writing, according to data from D<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>Radar. It&#8217;s worth noting that DappRadar has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dappradar.com\/blog\/looksrare-nft-marketplace-hit-by-wash-trading-amidst-airdrop\">included<\/a> a disclaimer to highlight the potential wash trading going on with Meebits on LooksRare.\u00a0<\/p>\n<p>Other traders have similar suspicions of wash trading. A number of repeated false transactions have been recorded by journalist Colin Wu. According to Wu\u2019s report: \u201cTransaction volume of Meebits has reached 52,771 ETH. Whales are constantly repeating transactions to obtain Tokens.\u201d <\/p>\n<p>Another point of skepticism <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/etherscan.io\/tx\/0xdc812ee7b10a486201ff8e79d417d9ee687cb80733bb35ccf2716e846d6e47d8\">arose<\/a> on Wednesday when a Meebit NFT sold for $49.5 million in Ethereum. Traders are claimed that this trade was fraudulent, citing that the combination of LooksRare\u2019s zero percent royalties and the implementation of LOOKS rewards incentivizes wash trading. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"nifty_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/opensea-competitor-looksrare-exceeds-394-in-sales\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# OpenSea competitor LooksRare exceeds $394M in sales &#8221; Daily volume on NFT marketplace LooksRare has already exceeded $394 million following the platform\u2019s official launch on Jan. 10. The platform was able to bring in this customer base by offering only 2% fees on basic sales and zero fees on private sales, compared to competitor&#8230;<\/p>\n","protected":false},"author":1,"featured_media":393206,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDEvMmMxNWZkYzgtMTQ5OS00NmNhLWIwNjUtNTVmMWZlNDBhMDkzLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,110404,74863,95118,74889,74892,73785,71407],"class_list":["post-393205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-cointelegraph-nft","tag-cryptocurrencies","tag-nft","tag-payments","tag-tokens","tag-markets","tag-trading"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/393205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=393205"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/393205\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/393206"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=393205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=393205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=393205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}