Daily volume on NFT marketplace LooksRare has already exceeded $394 million following the platform’s official launch on Jan. 10.The platform was able to bring in this customer base by offering only 2% fees on basic sales and zero fees on private sales, compared to competitor OpenSea’s 2.5% fee on every transaction. The project also allows traders to earn rewards in the form of … [Read more...] about OpenSea competitor LooksRare exceeds $394M in sales
Competitor
One Day After Launch, OpenSea Competitor LooksRare Sells Over $100M in NFTs
“Each trade on LooksRare (except for private sales) incurs a platform fee of 2%, and typically a royalty fee of between 5-10%. The total LOOKS rewards for trading each day are also fixed, and distributed based on traders’ contribution to total trading volume, meaning that there’s no guarantee of the amount of rewards that a wash trader could earn in a day,” reads the … [Read more...] about One Day After Launch, OpenSea Competitor LooksRare Sells Over $100M in NFTs
Dune Analytics opposes $25M Uniswap grant to competitor
Dune Analytics, a decentralized finance (DeFi) analytics service, has voiced its opposition to a Uniswap (UNI) governance vote for “Community-Enabled Analytics” that would see fellow analytics provider Flipside Crypto managing about $25 million worth of UNI tokens.Tweeting on Thursday, Dune highlighted the lack of community attention to the matter while also stating that grants … [Read more...] about Dune Analytics opposes $25M Uniswap grant to competitor
Ethereum competitor Solana kicks off ‘hackathon’ with $1 million in prizes
The Solana Foundation, a non-profit organization dedicated to supporting and growing the high-speed blockchain today announced it will be launching a global hackathon focused on Web3, DeFi, and NFT solutions.1/Announcing the Solana Season Hackathon! #solanaszn? Up to $1 million in prizes/seed funding? Anyone with an internet connection can join 4️⃣ Additional regional tracks?️ … [Read more...] about Ethereum competitor Solana kicks off ‘hackathon’ with $1 million in prizes
Tether tokens go live on Ethereum competitor Solana blockchain
Stablecoin issuer Tether has announced that USDT tokens are launching today, March 9, on the Solana (SOL) blockchain. Speaking to Cointelegraph, Tether's chief technical officer said that the integration with the layer 1 blockchain promises to support a wide array of projects in the Decentralized Finance, or DeFi, sector and other Web 3.0. activities.As previously reported, … [Read more...] about Tether tokens go live on Ethereum competitor Solana blockchain