LooksRare

Halal Rating :
Comfortable
Last Price $0.11 Last updated:
Rank 404
1D Change -11.37 %
Market Cap $106.88m
Circulating supply 999,941,673
Maximum supply 1,000,000,000

Crypto Overview

Categories
  • Collectibles & NFTs

"LooksRare is the community-first NFT marketplace that actively rewards collectors and creators for participating. 🖼👌 By NFT people, for NFT people. This is who we are. Part of being community-first means that LooksRare rewards, empowers, and gives back to the platform's users and creators. 💎 Get rewarded - Users that buy or sell NFTs from eligible collections earn LOOKS tokens. 🤝 Share the platform fees - 100% of trading fees are earned by LOOKS stakers. ⚡️ Creators get paid instantly - Creators get royalty payments at the moment of sale. 🍴 Not a fork LooksRare’s smart contracts are custom-built within a modular system that enables new features to be rolled out over time – without compromising security – thanks to standardized signatures that clearly define the execution scope. This means we can offer new types of interactions, like these (rolling out soon): - Collection offer - Make an offer that covers all NFTs in a selected collection - Trait offer - Offer to buy any NFT with a specific trait in a collection e.g. BAYC w/ Gold Fur - Multi-cancelation - Cancels multiple open orders in one transaction 🦖 Not a dinosaur From utilizing some of the world’s most powerful search infra, down to implementing on-chain standards like EIP-712 and EIP-2981, LooksRare’s technical architecture (contracts, database, API, front end, search) has been designed from the floor up for scalability, speed and security using the latest and greatest tech. We’ve also made sure to retain compatibility for deploying on ETH scaling solutions when they're ready for the masses."

Crypto Impact

To assign a comfort level investing in LooksRare from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to LooksRare.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

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Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

You only have one vote per asset so use it wisely.

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Justification for our Halal Rating