on Bankless

Overall this feels quite similar to the Uniswap vs. Sushiswap dichotomy. One is VC-funded and the other is not. Suits vs community.

LooksRare launched unaudited and without a public GitHub repo. This is frightening and irresponsible and I hope they change course. Until then, use at your own risk.

But LooksRare is off to a hot start. The community-owned NFT marketplace quickly surpassed OpenSea’s daily volume within 24 hours of launching, facilitating hundreds of millions of dollars in transaction volume.

Someone could replicate OpenSea…but give the upside to the community. Enter LooksRare—a community-owned NFT marketplace... They gave everyone who’s traded at least 3 ETH on OpenSea some tokens to win them over.