LooksRare was introduced as a community-centric NFT marketplace, offering various rewards and lower fees to challenge established players such as OpenSea. LooksRare, a new operator in the non-fungible token (NFT) marketplace, launched with a mission to revolutionize how NFT collections on the Ethereum blockchain get indexed and traded successfully. Co-founded by anonymous figures Guts and… Continue reading LooksRare Impacts NFT Market With User Rewards, Destabilizes OpenSea Fees
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OpenSea NFT Marketplace Laid Off 20% Of Its Staff
OpenSea, the biggest non-fungible token (NFT) marketplace in the digital currency space, has announced that it has now parted ways with around 20% of its staff, becoming the latest crypto company to lay off workers. While the total number of the affected employees was not revealed, OpenSea supposedly confirmed to reporters that it has as… Continue reading OpenSea NFT Marketplace Laid Off 20% Of Its Staff
Content Creators Unveiling A New Paradigm With NFTs
Nonfungible tokens (NFTs) have developed an environment where artists can readily take control of their work and finances. In that context, experts agree that artists and creators that tokenize their work and issue it as NFTs no longer need to deal with any third-party intermediaries. Content creators and artists are now expanding the creator economy… Continue reading Content Creators Unveiling A New Paradigm With NFTs
NFT Traders Exploit Crypto’s Unregulated Space By Wash Trading On LooksRare
LooksRare strives to be an alternative nonfungible token (NFT) marketplace to OpenSea. However, the amount of wash trading happening on this platform increases the questions on whether the users view it as a worthwhile competitor. This marketplace made its debut on January 10 and the recently launched NFT marketplace has attracted lots of attention not… Continue reading NFT Traders Exploit Crypto’s Unregulated Space By Wash Trading On LooksRare