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gm NFTs Jan 10: LooksRare Launch & $LOOKS Token Claim

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gm NFTs Jan 10: LooksRare Launch & $LOOKS Token Claim

Top News Today:

  • LooksRare Public Launch
  • Art Blocks Curated, "Chimera" by Michael Kozlowski

LooksRare

After another sustained period of downtime or inactivity from OpenSea, NFT participants vocalized their wish for an OpenSea competitor once more this weekend. As of early Monday morning, their wishes have been granted. LooksRare, which had just recently opened some private beta access to users, has officially opened its doors for NFT trading. 

We'll be working to provide a more in-depth review of the exchange shortly, but for now, users can take the site for a spin on their own at LooksRare.org

Additionally, LooksRare is looking to create an ecosystem that rewards active participants of its platform (web3!!). As such, anyone that traded at least 3 ETH in volume on OpenSea between June 16 and December 16 of 2021, is eligible for an airdrop claim of the $LOOKS token. In order to claim, users must navigate to LooksRare, connect their wallet, and list an NFT for sale. At that time, they'll be eligible to claim their token allotment. 

$LOOKS tokens can then be traded on a decentralized exchange, such as Uniswap, or can be staked directly on platform for ~2,800 percent APY. Active users of the platform will have the opportunity to earn $LOOKS based on their trading activity as well. 

Sign Up for our Newsletter

Want to hear more information about LooksRare and the $LOOKS token? Subscribe to our newsletter and catch our Monday morning stream below. 

Art Blocks Curated Drop, "Chimera" by mpkoz

At 1:00 p.m. ET, "Chimera" by mpkoz will be the first Art Blocks Curated collection of 2022. The collection of 987 pieces will go live via Dutch auction at a starting price of 3.5 ETH. After, the price will drop every five minutes until the collection sells out or reaches the final resting price of 0.1 ETH. The first 32 mints will receive "a 1/1 16”x16” giclée print on linen canvas, stretched, mounted, and varnished by hand" per the notes on the project page

To learn more about the artist and the collection, refer to the Twitter thread below. 

CoinTracker Cryptocurrency and NFT Tax Software Review

Still looking for a place to do your cryptocurrency and NFT taxes? The Lucky Trader Staff added a CoinTracker review to their tax software reviews. Read the review in full and signup for CoinTracker below. 

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Disclaimer: Lucky Trader is not a registered investment advisor. You understand that the service is furnished for your personal noncommercial, information, purpose only. No mention of an NFT in the service constitutes as a recommendation to buy, sell, or hold that or any other NFT. Nothing within the service shall, or is intended to, constitute financial, legal, accounting, or tax advice. Any decision that you make to buy, sell, or hold an NFT should be based on an assessment of your risks in consultation with your personal advisers. 

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