\n
![](\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDEvNWFmOTI4NzYtMDA5OC00ODJkLWE3ZTUtMmY1ZTQ5ZDdmZWUxLmpwZw==.jpg\")
<\/p>\n
\n<\/p>\n
LooksRare, a recently launched nonfungible token, or NFT, marketplace, says it wants to index all NFT collections on the Ethereum blockchain. The site went live on Monday with a token airdrop.<\/p>\n
\n#LooksRare<\/a> NFT Marketplace Now Live!<\/p>\n
$LOOKS<\/a> airdrop claim open
⏰ Staking starts at block 13977012
Trading reward calculations start tomorrow <\/p>\nLFG! https:\/\/t.co\/Y1jt9Kmqt6<\/a><\/p>\n
\u2014 LooksRare – NFT Marketplace (@LooksRareNFT) January 10, 2022<\/a><\/p><\/blockquote>\n
Created by two anonymous co-founders, known as Zodd and Guts, LooksRare claimed to be made \u201cBy NFT People, for NFT People.\u201d According<\/a> to its blog announcement, the LooksRare team is \u201ctired of the deplatforming of creators, and the decision-makers who value business over community, seeking IPO instead of benefiting the communities that got them there.\u201d<\/p>\n
Their alleged solution is to offer a marketplace that rewards the platform’s participants and creators. Users who buy or sell NFTs from eligible collections can earn its native utility LOOKS tokens.\u00a0OpenSea users who traded 3 ETH or more between June 16\u2013Dec. 16, 2021 are eligible for an airdrop of LOOKS Tokens.<\/p>\n
Related: <\/em><\/strong>GameStop shares jump 26% in after-hours trade after NFT division unveiled<\/em><\/strong><\/a><\/p>\n
In addition, the platform has a 2% standard fee on all NFT trades, which is lower than OpenSea\u2019s 2.5%, that goes to LOOKS token stakers. And users can trade NFTs with Ether or wrapped ether (WETH). At the time of publication, LOOKS traded<\/a> at\u00a00.0008748 WETH <\/strong>($2.69).<\/p>\n
The LooksRare site was down for a few hours on Monday, which caused some users to experience difficulties while connecting their wallets and completing listings. According to the project’s Discord, the site was under a distributed denial-of-service attack,\u00a0or DDoS, meaning that its network was overwhelmed with malicious traffic.<\/p>\n
Related: <\/em><\/strong>5 NFT marketplaces that could topple OpenSea in 2022<\/em><\/strong><\/a><\/p>\n
On Monday, another NFT marketplace launch announcement was made by the news organization Associated Press, which\u00a0plans<\/a> to debut its photojournalism NFT platform on Jan. 31.<\/p>\n<\/div>\n