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Two months after launch, LooksRare has gone from being a rival of OpenSea to being caught up in the "mixed coin cash" controversy

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LooksRare team: we're not going anywhere, we haven't even started yet...

近日，NFT 交易平台 LooksRare 因被用户发现将巨额 WETH 奖励兑现通过以太坊混币平台 Tornado Cash 进行混币操作，引发社区争议。

根据推特账户 @0xShitTrader 发现并指出，截止 2 月 8 日，LooksRare 团队已经兑现了 23116 WETH（团队成员回应：数额有误，实际为近 10500 ETH ）。随机该条推特被海量转发，社区用户观点逐渐出现两极分化。一些用户认为，团队的操作一直是透明并公开的，此前也表示会赚取 WETH。而另一部分用户则担心，团队不断的「套现」行为是跑路的前兆，于是大幅抛售手中的 LOOKS，导致 LOOKS 价格从最高的近 6 美元跌至当前 2 美元。

Here's a quick look at what LooksRare, the NFT trading platform that started out as OpenSea's "arch-rival," will do. Will their presence change OpenSea's monopolistic behavior in the NFT market?

Project introduction

"LooksRare: Will an NFT trading platform that issues tokens be better than OpenSea? | Project Introduction"

At the end of 2021, When OpenSea was experiencing unprecedented turmoil, one comment from its new CFO brought the unicorn down. There have been complaints about OpenSea, but people are looking forward to changes in the future; The current outcry against OpenSea has people looking for a new NFT platform, hoping that the new king will defeat the old king and break OpenSea's stranglehold on the market.

" Dialogue LooksRare: We want to set a new industry standard for the NFT market "

LooksRare 中国区负责人 Arya 的线上 AMA，以「推出 Token 的 LooksRare，能挑战 OpenSea 的地位吗？」为主题，向大家介绍了 LooksRare 的平台特点，并对空投活动以及平台未来的发展进行了解读。

Market evaluation

"Coinbase: Is LooksRare a success?"

Abstract: Only in Crypto can a platform built by an anonymous founder in a matter of weeks compete with the leading platforms in the industry.

LooksRare, a new NFT platform, exemplified this phenomenon with more than $9 billion in transactions in January, almost three times OpenSea's volume in the same period. Not only that, but in its first 30 days, LooksRare made $307 million in deal revenue, compared to OpenSea's $110 million. However, these raw numbers do not tell the whole story.

" Nansen research: can LooksRare's unique mechanics successfully challenge OpenSea's dominance?"

This research article aims to distinguish between the hype and reality of the recent LooksRare Token airdrop. LooksRare prides itself on being a "community-first NFT marketplace that actively rewards participating traders, collectors and creators." "In exploring its token economics and incentive system, we believe that while there is widespread concern about what appears to be trading makings, this in turn benefits the opportunistic traders who maximise LooksRare's 'trading rewards' system."