LooksRare simply launched a brand new function on their platform, beating its bigger rivals to the punch. LooksRare now shows the ground worth for every particular person trait. This represents step one in the direction of enabling trait depend and flooring costs of traits at a group stage. For now, looks like LooksRare is taking the lead.
This presents a useful utility for traders, merchants, and collectors. The LooksRare trait operate considerably reduces the time taken to research completely different traits inside an NFT assortment. This may be particularly helpful given the quantity of 10k tasks hitting the market.
NFT market race
Whereas OpenSea stays on the high of the leaderboard, LooksRare has been lively in introducing new options to their NFT market. Benefiting from OpenSea’s itemizing bug, LooksRare launched a switch operate that warns customers to cancel the itemizing earlier than the switch.
As well as, the comparability between LooksRare and OpenSea continues to brew in crypto Twitter. For example, LooksRare tweeted the distinction between a Bored Ape sale on OpenSea versus on LooksRare. Apparently, there’s a $5k+ distinction between the two NFT marketplaces. With the brand new operate being launched, looks like LooksRare is racking up the factors in opposition to the mammoth NFT market.
In keeping with DappRadar, the race is fairly tight between the 2 platforms. LooksRare’s 30D quantity nearly triples that of OpenSea’s, whereas the 7D quantity is at present neck to neck. It is going to be fascinating to see if OpenSea reacts to this introduction, and who will come out on high.
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