LooksRare is one of the leading NFT marketplaces on the Ethereum blockchain today for <\/span>non-fungible token (NFT)<\/span><\/a> trading. Whether you want NFT community favourites like Bored Apes<\/a> or NFTs fresh out of the oven, the LooksRare platform has it all. Thanks to its many reward mechanisms, such as the LooksRare listing rewards, the platform is a major OpenSea<\/a> contender as well. It also has a slew of features, including the LoosRare token, making it an attractive choice for investors.\u00a0<\/span><\/p>\n So, what exactly is the LooksRare NFT Marketplace? In this guide, we also answer: What are the top LooksRare features? Can you get free LOOKS tokens? LookRare vs OpenSea: Which is better? How to mint, buy, and sell NFTs on the LooksRare platform?\u00a0<\/span><\/p>\n So, let\u2019s dive right in!<\/span><\/p>\n Based on the Ethereum network, LooksRare is an NFT marketplace that rewards users for buying and selling NFTs on its platform. As a community-first platform, LooksRare rewards all its creators, collectors, and traders with its native utility token, LOOKS. True to its motto\u2014\u201c<\/span>By NFT People, For NFT People<\/span><\/a>\u201d, the platform emphasises giving back to the NFT community.\u00a0<\/span><\/p>\n Currently, LooksRare charges a 2% sales fee on NFT sales. Already, it offers several attractive features such as trading rewards, staking rewards, trait offers, and more. Furthermore, it has adopted a modular framework for its <\/span>smart contract<\/span><\/a>, which facilitates the addition of new features in the future.\u00a0<\/span><\/p>\n Anonymous co-founders, \u201cZodd\u201d and \u201cGuts\u201d launched LooksRare in January 2022 as an OpenSea competitor. At the time, the duo announced their plans to introduce several features to attract users, most of which revolved around its LOOKS token rewards. However, early <\/span>media reports<\/span><\/a> suggest that most of the platform\u2019s trading volume was from \u201cwash sales\u201d. To explain, in this scenario, users sell tokens to themselves to reap more token rewards.<\/span><\/p>\n If the LooksRare NFT marketplace interests you, then you might want to look at how to buy NFTs on the platform. Here are the steps:<\/span><\/p>\n![\"Homepage](\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/Looksrare-scaled.jpg.webp)
\n<\/picture>\n<\/noscript>What is LooksRare NFT Marketplace?<\/b><\/span><\/h2>\n
Who Created LooksRare NFT?<\/b><\/span><\/h2>\n
How to Buy NFTs On LooksRare NFT Marketplace<\/b><\/span><\/h2>\n
![\"LooksRare](\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/connect-wallet-scaled.jpg.webp)
\n<\/picture>\n<\/noscript>![\"LOOKS](\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/LOOKS.png.webp)
\n<\/picture>\n<\/noscript>![\"Looksrare](\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/Listing-Points-Leaderboard-scaled.jpg.webp)
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