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LooksRare
Ethereum NFT marketplace with 0.5% V2 protocol fees and LOOKS staking rewards
3.5/ 5
Our score
Good
Chains
Ethereum
Marketplace fee
0.5%
Aggregates other markets
Yes
Token
LOOKS
What is LooksRare?
LooksRare is a community-oriented non-fungible token marketplace operating on the Ethereum blockchain. It launched in January 2022 to offer an alternative to legacy platforms by returning protocol revenue directly to participants through fee sharing and token incentives.
Team and background
The marketplace was founded in 2022 by two pseudonymous co-founders known as Zodd and Guts. The project operates with a pseudonymous core team of roughly 14 members.
How the marketplace works
The platform supports standard listing, buying, and selling of ERC-721 and ERC-1155 tokens. It also incorporates a multi-marketplace aggregator introduced in November 2022. Users can sweep collections and buy listings sourced across other venues. Native utility centers around the LOOKS token, which had a total supply of 1.00 billion tokens and roughly 992.80 million in circulation as of October 2026. Staking LOOKS allows token holders to receive distributions of generated platform trading fees paid in WETH alongside staking emissions.
Trading fees and costs
In April 2023, the platform deployed its V2 contracts, which reduced the protocol trading fee to 0.5% on sales, down from the original 2% fee used in V1. Private sales carry a 0% platform fee. Traders must cover variable Ethereum gas fees for listing modifications, approvals, and settlement transactions.
Milestones and track record
LooksRare launched on January 10, 2022, accompanied by an airdrop directed at high-volume OpenSea users. Its native LOOKS token hit an all-time high of $7.10 on January 20, 2022. The protocol later rolled out aggregated market sweeping in late 2022 and launched its gas-optimized V2 contracts in April 2023. Over time, the platform expanded its offerings to include on-chain mini-games and raffles such as YOLO.
Risks and platform trade-offs
The core management team remains fully anonymous. Staking yields also depend heavily on platform volume and the secondary market price of the LOOKS token, which carries market volatility risks for holders.
Founders
ZoddCo-Founder
GutsCo-Founder
Best for:Ethereum NFT collectors and flippersTraders executing direct private salesLOOKS token stakers seeking protocol yields
Pros and cons
Pros
- Fixed 0.5% protocol fee on V2 marketplace trades
- Protocol trading fees redistributed to LOOKS token stakers
- Zero platform fees on private peer-to-peer sales
- Aggregation of listings across venues
- Non-custodial trading without mandatory KYC verification
Cons
- Supports only the Ethereum blockchain for NFT trading
- Core founders and team members remain completely pseudonymous
- Staking reward yields depend on volatile LOOKS token prices and volume
Our review
3.5/5
Good
LooksRare delivers low 0.5% protocol fees on V2 and shares revenue with LOOKS token stakers, but the core founding team remains entirely pseudonymous.
LooksRare launched in January 2022 on the Ethereum blockchain, competing directly with OpenSea through a native reward model and lower platform fees. Founded by anonymous co-founders known as Zodd and Guts, the platform distributed trading fees directly to stakers of its native LOOKS token. While early trading relied on a standard 2% platform fee, LooksRare rolled out its V2 contracts in April 2023, cutting protocol fees down to 0.5% and reducing execution gas costs.
The marketplace functions on Ethereum, offering standard listings and private zero-fee deals. In November 2022, LooksRare integrated an NFT aggregator to allow users to fulfill listings across multiple venues directly from its interface. Alongside secondary trading, the platform introduced on-chain features like raffles and mini-games including YOLO and Poke the Bear.
Key strengths include:
- A low 0.5% protocol fee on V2 transactions, comparing favorably to traditional baseline marketplace fees like OpenSea's 2.5%.
- Private sales that carry a 0% platform fee.
- Fee redistribution mechanisms that return collected trading fees to participants staking LOOKS in WETH and LOOKS tokens.
- Native marketplace aggregation that pools external market liquidity into a single interface.
Both primary founders and the broader 14-member development team operate pseudonymously without public identity verification. The LOOKS token price fell substantially from its early 2022 peak, when the LOOKS token reached an all-time high of $7.10 on January 20, 2022. LooksRare supports Ethereum NFT trading and LOOKS staking management should evaluate alternative marketplaces.
Sources (2)
Specs
| KYC required ⓘ | No · unverified |
|---|---|
| Chains | Ethereum · unverified |
| Marketplace fee | 0.5% · unverified |
| Focus | Art, Collectibles, Gaming · unverified |
| Aggregates other markets | Yes · unverified |
| Token | LOOKS · unverified |
| Zero marketplace fee | No · unverified |
| Points or rewards program | Yes · unverified |
Not disclosed by the provider: Creator royalties, Launchpad, Mobile app.
Data from the provider's website and public sources. Fees and availability change; confirm on the official site before you sign up.
Key features
Low V2 trading fees
Executes trades on upgraded V2 smart contracts that charge a fixed 0.5% protocol fee on public sales.
LOOKS fee redistribution
Distributes protocol fees collected from marketplace transactions directly to users who stake LOOKS tokens.
Built-in marketplace aggregator
Enables buyers to search, browse, and sweep Ethereum NFT listings across multiple venues in a single interface.
Zero-fee private sales
Facilitates direct address-to-address private NFT sales without charging any marketplace platform fee.
On-chain raffles and games
Includes secondary gaming features and raffles such as YOLO and Poke the Bear.
Inside LooksRare
LooksRare Marketplace
The core trading interface on Ethereum for discovering, listing, and buying NFTs individually or in bulk with a 0.5% V2 protocol fee.
LOOKS Staking & Protocol Rewards
A staking dashboard where LOOKS holders deposit tokens to earn fee distributions settled in WETH and additional LOOKS.
On-chain Games & Raffles
Gaming and raffle modules including YOLO and Poke the Bear that offer on-chain participation opportunities.
User reviews
No user reviews yet. Have you used LooksRare? Share your experience below.
FAQ
Who founded LooksRare?
LooksRare was founded in 2022 by two pseudonymous co-founders known as Zodd and Guts. The project operates with a pseudonymous development team.
What are the marketplace fees on LooksRare?
LooksRare charges a 0.5% protocol fee on its V2 marketplace, reduced from an original 2% fee in V1. Private sales on the platform carry a 0% marketplace fee.
Which blockchains does LooksRare support?
LooksRare operates on the Ethereum blockchain. Users trade ERC-721 and ERC-1155 tokens using compatible Ethereum Web3 wallets.
Does LooksRare require KYC verification?
No, LooksRare does not require identity verification or KYC checks. Users interact directly with smart contracts through self-custodial wallets.
Does LooksRare have a native token?
Yes, LooksRare uses the LOOKS token for incentives and staking. Stakers receive protocol fee distributions in WETH and additional LOOKS rewards.
Does LooksRare aggregate other NFT marketplaces?
Yes, LooksRare launched a built-in NFT aggregator in November 2022. This tool allows traders to view and purchase listings across multiple liquidity venues within one interface.
Latest from LooksRare on X
Token sea.
It’s a good morning for a good morning. https://t.co/vWE2UQuC8E
Free.
https://t.co/y8FyAp47ps
Recent public posts from @LooksRare, shown as published. Not reviewed or endorsed by CryptoReview.
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