Vampire Attack! OpenSea vs. LooksRare

from Coinbase: Around The Block · host Justin Mart, Katherine Wu

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

What this episode covers

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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Vampire Attack! OpenSea vs. LooksRare

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This episode is 31 minutes long.

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This episode was published on February 9, 2022.

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