NFT marketplace LooksRare goes live with vampire attack on OpenSea (via Timccopeland)
has gone live today, as more marketplaces continue to crop up to try to take on market leader OpenSea. LooksRare claims to be a community-focused marketplace that will develop new features based on what its users want.that it indexes all NFTs that exist on the Ethereum blockchain so that they can be traded straightaway — and offers can already be made on them. It also lets users buy and sell NFTs with ether or wrapped ether , or a mixture of both, and they can make offers using WETH.
The token went live at 8:15 UTC this morning and is being traded on the decentralized exchange Uniswap. It saw a peak price of $4.71 before dropping to itsof $2.69. With a total supply of 1 billion tokens, that gives it a fully diluted valuation of $2.69 billion. This is what's commonly called a"vampire attack" in the crypto sector, since it uses tokens to try to poach a pre-existing project's user base. LooksRare is the second major attempt at a vampire attack on OpenSea .
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