LooksRare $LOOKS

LooksRare is an innovative, community-driven Non-Fungible Token (NFT) marketplace. This platform places a significant emphasis on rewarding its users and creators. Developed by NFT enthusiasts for the NFT community, it fosters a dynamic ecosystem where users can easily buy and sell NFTs while also actively participating in the platform's growth.

About LooksRare

LooksRare operates under a community-first model. Under this model, the platform rewards, empowers and gives back to its users and creators. This participative model reflects the true essence of the platform, underlining its commitment to driving community involvement.

Benefits for Users and Creators

LooksRare offers a suite of benefits for its users and creators. Those who buy or sell NFTs from eligible collections earn LOOKS tokens. Furthermore, 100% of the trading fees are earned by looks stakers. In a unique instant-payment model, creators receive royalty payments the moment their NFTs are sold.

LooksRare's Unique Features

LooksRare is not a fork. It utilizes custom-built smart contracts within a modular system, allowing for new features to be introduced steadily over time without compromising security. This is made possible due to standardized signatures that clearly define the execution scope. Such a system allows for novel types of interactions, including Collection offer, Trait offer, and Multi-cancellation.

Upcoming Features

• Collection offer: Allows users to make an offer that covers all NFTs in a selected collection.
• Trait offer: Lets users offer to buy any NFT with a specific trait in a collection. For example BAYC with Gold Fur.
• Multi-cancellation: Enables users to cancel multiple open orders in a single transaction.

Technical Architecture

Unlike some platforms, LooksRare is not a dinosaur. It leverages some of the world's most powerful search infrastructures and implements on-chain standards like EIP-712 and EIP-2981. The platform's technical architecture, including contracts, database, API, front end, and search, has been designed from ground up for maximum scalability, speed, and security. Further, the