Vampire Attack! OpenSea vs. LooksRare

Coinbase: Around The Block

Feb 09, 2022•32 min•Ep. 14

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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.

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