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LooksRare is a community-led NFT marketplace that recognizes traders, collectors, and creators for taking part. Being community-first means the platform rewards, enables, and supports its users and creators:
Get rewarded - If you buy or sell NFTs from approved collections, you can earn LOOKS tokensShare the platform fees - 100% of trading fees go to LOOKS stakersCreators get paid right away - Royalty payments are delivered to creators at the time of sale.LooksRare’s smart contracts are built within a modular framework, allowing new functionality to be introduced over time-while maintaining security-using standardized signatures that spell out the allowed execution range:
Collection offer - Submit an offer that applies to every NFT in a chosen collectionTrait offer - Make an offer to purchase NFTs with a specific trait within a collection (e.g. BAYC with Gold Fur)Multi-cancellation - Cancel several open orders in a single transaction.LooksRare's approach was created as a response to the prior generation of NFT marketplaces, aiming to strengthen the NFT community by incentivizing active participation.
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