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
Episode 14 of the Coinbase: Around The Block podcast, hosted by Justin Mart, Katherine Wu, titled "Vampire Attack! OpenSea vs. LooksRare" was published on February 9, 2022 and runs 31 minutes.
February 9, 2022 ·31m · Coinbase: Around The Block
Summary
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
Episode Description
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
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