LooksRare is a community-first NFT marketplace, founded by NFT people for NFT people, with the goal of rewarding traders, collectors and creators. Their community first approach is embodied in three central principles:
- User rewards - those who buy or sell NFTs on the platform are given rewards in the form of LOOKS.
- Platform fee redistribution - all fees generated go directly to stakers.
- Instant creator compensation - creators receive their royalty payments immediately after a sale takes place.