In the past 24 hours, NFT industry leader LookRare has surpassed OpenSea by nearly $ 160 million in market volume of over $ 275 million.

What is Lux Lair?

LookRare is a new NFT retailer, and its appearance has had a big impact in the NFT space. On January 11, LookRare announced that it was offering token airdrops to NFT users. It should be noted that the token was assigned to OpenSea users. This is similar behavior to the previous SOS, both trying to adapt to the platform as the industry's second preference for NFTs.

LookRare's slogan is "Ny NFT People, For NFT People" and in its official blog, "We value community affairs, research IPOs and have had enough of our arrogant attitude towards designers and decision-makers who don't work. not for the community. "

After months of growth and a week of hype and marketing, LookRare has opened the NFT marketplace to the public. "LooksRare is the premier NFT business community that regularly rewards entrepreneurs, writers and designers," he said in a blog post. That said, LookRare describes itself as an NFT industry that will give back to its community and long-term supporters.

LookRare differentiates the NFT industry from OpenSea in many ways. The first is the platform fee, which is 2% for LookRare and 2.5% for OpenSea. Most importantly, it promises to provide 100% of the total value of the platform to participants with $ LOOKS tokens.

Another topic of LookRare activity is how derivative NFT functions work. In other words, LookRare's work is for NFTs that clarify the existing NFT model, they won't delete or dismiss the status of their derivative work, since "their behavior isn't bad".

OpenSea has the right to speak for NFT operations that have been defined and has eliminated the benefits of popular NFT operations in the past. Obviously, the NFT community is divided on how to look at spinoff campaigns. Some argued that they shouldn't exist, others argued that the attempts to prevent DTVs were made in violation of Web 3.0.

Airdrop of the $LOOKS token

Overall, there is a lot of enthusiasm for the LookRare NFT industry announcement. In fact, this is usually due to the drop of the LOOKS token on the release date.

On January 10, LookRare announced the launch of LOOKS tokens, with a total of 1 billion units, of which 75% will be used by the community (airdrop 12%, participation 18.9%, trading 44.1%). Meanwhile, LookRare is distributing 120 million tokens to its users, and from June 16 to December 16, 2021, anyone with an exchange rate of 3ETH or more can request LOOKS$ from OpenSea. Users must also enter their NFTs through LookRare to claim their (non-tradable) tokens.

This is similar to the approach OpenDAO took when it launched the $ SOS token drop in late 2021. However, the groups behind the two drops had completely different goals. First, OpenDAO is proud to support OpenSea in all ways. In comparison, the LookRare NFT market is a direct competitor.

$ LOOKS is more than an advertised drop. In fact, it is still a token of the LookRare NFT industry. Users can earn by redeeming some of the NFTs. Moreover, users can earn LOOKS tokens by buying or selling NFT in stock with trade volume of 1000 ETH or more, and finally LOOKS holders can join freebies.

Platform Staking Rewards

LOOKS token stakers receive 100% discount on the market value of Lux Rare.

LookRare charges a starting rate of 2% (according to WETH) for all NFT companies (excluding private companies). Any WETH collected from this value will be shared at the end of each 6,500 Ethereum block time cycle (approximately 24 hours), and then linearly released a block for 6,500 times the block added to the LOOKS stakes.

Business gifts

You can easily get LOOKS tokens by redeeming NFTs on LookRare. Gift marketing is an integral part of the LookRare token ecosystem and we want to make the most of the token business in the NFT world.

How does gift marketing work?

Professional clients who qualify for NFTs on Lux Lair can benefit from trading the Lux platform token, Lux Lair. NFT Series buyers and sellers are eligible for business benefits (except private equity).

Business benefits are calculated daily and paid to users 2 hours after the end of each day. The token released for the freebies market will eventually lock in 4,686,250 (approximately 721 days, based on 6,500 blocks per day) due to the ecosystem being self-sustaining, while all tokens issued for the exchange of gifts will end.

Please note that only the appropriate NFT series per day commercial packaging is counted for the gift market.

Some cool things that are rare

LookRare is a self-developed modular smart contract that can deliver new functionality in real time without compromising security through signature protocols that clearly demonstrate performance.

Some new things are coming soon.

Series Quote - One click return for all NFTs in the picklist.

Feature Quotes - Quote NFTs from items written with special features, such as BAYC's Capped Monkey.

Multiple Withdrawal - Delays multiple failed orders in a single transaction.

Why are tokens important in Web 3.0?

First of all, a token must have three components: integrity, encryption, and girth.

The first is the digital certificate of justice, that is, the certificate must be the certificate of justice contained in the digital document and must represent the rights, the important and the significant (value).

The second is encryption. In other words, the authenticity of the certificate, resistance to tampering, confidentiality and other functions are guaranteed by the encryption. All tokens are cryptographically protected. This protection is stronger and more reliable than any other law, order or firearm can provide.

The third is dialogue. In other words, the tokens should be able to circulate on the network and be able to identify where, at any time.

The blockchain and the token industry are shared and this will be the heart of the Web 3.0 world. If you have just started participating in a Web 3.0 project and invested in token management, just consider yourself eligible to vote and share your thoughts on the different initiatives of the project. Like business owners on a board of directors, you have the right to influence the decisions of the business, but the first end users to participate in management are fewer and their power has increased, and each user in really benefited.

For example, commercial customers of the LookRare platform can also receive rewards, and the exchange rate is owned by the insurer, which benefits both the user and the platform. . Instead, OpenSea's model is web-based. 2.0 and all exchange rates are available through the platform, and the platform clearly shows all NFT downloads, flash users, and developers with the unique benefit of browsing search.

In the world of Web 3.0, user data can be stored in distributed files. Authorization of any data requires the user to obtain permission to use it, and the user can earn money at any time. This is different for some web 2.0 platforms which sell user data for money and pollute the user experience.

Of course, the Web 3.0 token market is not limited to the above games, and in the long run all of this will inevitably increase the value of tokens in the ecosystem, and everything will create a coin design cycle.

Token marketing will improve the network impact of the Web3.0 ecosystem, and the cost of each user participating in Web3.0 will be higher than that of Web2.0.

The development of new technologies does not happen overnight. For now, there is no doubt that Web 3.0 is coming. New technologies, new ideas and new tasks have arisen one after the other. It might be a bubble, but the great landing of the future is just around the corner.

We are too early.

take place

https://picture.iczhiku.com/weixin/message1618796020405.html

https://looksrare.org/

https://nftevening.com/looksrare-nft-marketplace-what-is-it-could-it-be-the-next-big-thing/

https://zhuanlan.zhihu.com/p/34871205