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OpenSea competitor LooksRare exceeds $394M in sales -Breaking

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Daily volume on NFT marketplace LooksRare has already exceeded $394 million following the platform’s official launch on Jan. 10.

The platform was able to bring in this customer base by offering only 2% fees on basic sales and zero fees on private sales, compared to competitor OpenSea’s 2.5% fee on every transaction. This project allows for the creation of a new type of payment system: Rewarding tradersIn the form of its native LOOKS token, for purchasing and selling NFTs.