Vampire Attack! OpenSea vs. LooksRare
In a vampire attack reminiscent of SushiSwap vs Uniswap in 2020, NFT marketplace LooksRare found a clever way to coax users away from market leader OpenSea. The result? LooksRare did nearly double OpenSea’s volume in January. The catch? Due to incentives offered by LooksRare, these totals are heavily skewed by wash trading. In this conversation, we examine the launch of LooksRare and its long term sustainability. Today's conversation is for informational purposes only and does not constitute legal or investment advice. Actual results may vary materially from any forward-looking statements made and are subject to risks and uncertainties. Check our homepage for more episodes and exclusive content from Around the Block: https://coinbase.com/aroundtheblock
Coinbase: Around The Block · Justin Mart, Katherine Wu
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Show Notes
In a vampire attack reminiscent of SushiSwap vs Uniswap in 2020, NFT marketplace LooksRare found a clever way to coax users away from market leader OpenSea. The result? LooksRare did nearly double OpenSea’s volume in January. The catch? Due to incentives offered by LooksRare, these totals are heavily skewed by wash trading. In this conversation, we examine the launch of LooksRare and its long term sustainability.
Today's conversation is for informational purposes only and does not constitute legal or investment advice. Actual results may vary materially from any forward-looking statements made and are subject to risks and uncertainties.
Check our homepage for more episodes and exclusive content from Around the Block: https://coinbase.com/aroundtheblock