What Is LooksRare (LOOKS)?

Weekly Roundup: What Happened in Play2Earn Games and NFTs This Week? [Jan. 14, 2022]

## What Is LooksRare (LOOKS)? 

[LooksRare](https://looksrare.org) is a decentralized, community-first NFT marketplace. The protocol was released on the [Ethereum blockchain](https://coinmarketcap.com/alexandria/article/an-intro-to-ethereum-eth) with an ERC-20 utility token — LOOKS — in January 2022.

The LooksRare platform enables individuals to trade non-fungible tokens, with an emphasis on rewarding users for their participation.

The LOOKS token serves a handful of functions within the LooksRare ecosystem:

* 100% of trading fees are earned by users who ‘commit’ their LOOKS in the form of Protocol Rewards
* Every (non-private) trade incurs a [Trading Reward](https://docs.looksrare.org/about/rewards/trading-rewards), which acts as a LOOKS rebate for the fee paid on LooksRare trades (currently 0.5%, collected in ETH)
* It can be used to participate in exclusive drops and other token-gated applications

## Who Founded LooksRare?

LooksRare was launched by pseudonymous founders Guts and Zodd as a decentralized alternative to OpenSea. 

## How Many LOOKS Tokens Are There?

LOOKS has a maximum supply of 1,000,000,000 tokens. Over 90% now form part of the circulating supply.

Upon launch, 75% of the maximum supply was earmarked for the community:

* 12% was issued in an airdrop
* 18.9% was reserved for those who commit LOOKS
* 44.1% was reserved for volume rewards — incentivizing participation on the platform

According to its [emission schedule](https://docs.looksrare.org/about/looks-tokenomics), LOOKS will reach its maximum supply two years from its release. The platform collects a 0.5% transaction fee in [WETH](https://coinmarketcap.com/currencies/weth/) on all NFT sales. Each 6,500 Ethereum blocks (approximately 24 hours), the collected fees are linearly redistributed to LOOKS committers over the next 6,500 blocks.  

LooksRare

Trust Wallet

MetaMask

Welcome to LooksRare's Community channel aggregated by CoinMarketCap.

Ethereum

Shiba Inu

Chainlink

UNUS SED LEO

Uniswap

Dogelon Mars

ApeX Protocol

Sovryn

Metal DAO

Hashflow

Myria

CUDOS

Tokamak Network

ConstitutionDAO

FEG Token [NEW]

ZED Token

Dopex

Oracle AI

MetaZero

IOTA

BeFi Labs

Bitcoin

Ondo

Voxies

TABOO TOKEN

Niza Global

DexCheck AI

Artrade

Eesee

Bad Idea AI

Solana Kit

Brett

VPS AI

MawCAT

Cirus Foundation

Voyager Token

Catboy

Solana

Serenity Shield

Moutai

Big Time - CDP LHS1 (Desktop Only) 2024

Big Time - CDP LHS2 (Desktop Only) 2024

HanChain CDP LHS 2

Metamask Search Bar

eToro Search Bar

ChainGPT CDP Community

Greed

Extreme fear

Fear

Neutral

Extreme greed

 🔥 Memes

 🔥 Solana Ecosystem

 🔥 Gaming

 🔥 AI