LooksRare
Ethereum NFT marketplace that pays protocol fees back to users as rewards, with the LOOKS token.
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LooksRare key facts
| Category | NFT marketplace |
|---|---|
| Chains | Ethereum |
| Platforms | Web |
| Custody | Non-custodial |
| Token | LOOKS (1 billion supply) |
| Security audits | Trail of Bits, PeckShield, Spearbit |
| Fees | 0.5% protocol fee on V2 trades |
| US availability | Available: terms restrict only sanctioned jurisdictions |
LOOKS token
- Price
- $0.0001 -3.2% 24h
- Market cap
- $50,399
- Fully diluted value
- $50,399
- 30-day change
- -54.7%
Market data: CoinGecko, updated Nov 10, 2026. Educational content, not financial advice.
What is LooksRare?
LooksRare is an NFT marketplace on Ethereum with custom smart contracts rather than a fork. It says 100% of protocol fees go to users as rewards. LOOKS has a 1 billion supply, and the contracts were audited by Trail of Bits, PeckShield and Spearbit.
How LooksRare works
LooksRare V2 matches off-chain maker orders, stored as EIP-712 signatures, with on-chain taker orders.
Each maker order names an execution strategy by ID, and the ExecutionManager routes it to the matching contract such as collection orders; the docs list Dutch auctions as a type of strategy the design can support. V2 went live on April 6, 2023 with bulk buys of 70+ NFTs in one transaction, bulk listings, and collection approvals that carry over to later exchange versions.
The docs say 100% of protocol fees are used as rewards. Since the November 2023 rewards migration, committed LOOKS becomes wLOOKS in either a WETH Earner or a Compounder, and no new LOOKS are emitted; rewards now come from fees and the team's games such as YOLO and Raffles. The Compounder converts earned WETH into more LOOKS and adds it to your committed stack, and the team says it is burning circulating LOOKS.
How to start with LooksRare
- You connect one of more than 100 wallets through WalletConnect; the docs warn that Trezor devices have issues because they do not support EIP-712 signing.
- Sellers receive ETH rather than WETH, except when accepting an offer.
- The terms require you to be of legal age and not in a sanctioned or restricted territory.
LooksRare fees and limits
- The V2 launch post set a fixed 0.5% protocol fee, down from 2%, and removed creator rebates.
- To unstake LOOKS, a standard unwrap takes seven days, while a priority unwrap is instant but burns 5% of the amount.
Creator royalties are no longer enforced. Ethereum gas is paid on top.
Risks to know before using LooksRare
- LooksRare's services are non-custodial, and its terms put the risk of counterfeit, mislabeled or untransferable NFTs on the buyer.
- The interface is described as maintained by a decentralized team, and the terms can change when a new version is posted.
- Trading and listing rewards were discontinued in 2023, so older guides describing LOOKS payouts per trade no longer apply.
LooksRare usage
From DefiLlama (fees users paid), updated Nov 10, 2026.
LooksRare alternatives
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Where LooksRare ranks on DappAtlas
LooksRare pros and cons
- 100% of protocol fees paid out as rewards
- Audits by Trail of Bits, PeckShield and Spearbit
- Collection and trait offers
- Docs last updated January 2024
- LOOKS governance described as coming in the future
- Ethereum only
LooksRare FAQ
What is LooksRare?
LooksRare is an NFT marketplace on Ethereum with custom smart contracts rather than a fork. It says 100% of protocol fees go to users as rewards. LOOKS has a 1 billion supply, and the contracts were audited by Trail of Bits, PeckShield and Spearbit.
Which chains does LooksRare support?
Ethereum.
How much does LooksRare cost?
0.5% protocol fee on V2 trades, according to LooksRare’s own page (checked Sep 26, 2026).
Does LooksRare have a token?
Yes, LOOKS. Its market cap was $50,399 on CoinGecko on Nov 10, 2026. Educational content, not financial advice.
Is LooksRare available in the US?
Available: terms restrict only sanctioned jurisdictions, according to LooksRare’s own page (checked Sep 26, 2026).
Does LooksRare hold my funds?
No. LooksRare is non-custodial: you keep your funds in your own wallet and sign each transaction.
Sources
- LooksRare: official site
- LooksRare: LOOKS Tokenomics
- LooksRare: Audits
- LooksRare: V2 is live
- LooksRare: Terms of Service
- LooksRare: Welcome to LooksRare
- LooksRare: V2 protocol overview
- LooksRare: The LOOKS rewards migration
- LooksRare: Trading rewards
- LooksRare: What are royalties
- LooksRare: What wallets does LooksRare support
- CoinGecko
- DefiLlama
How this page works
Sources: LooksRare: official site, LooksRare: LOOKS Tokenomics, LooksRare: Audits. Data as of Sep 26, 2026.
Not affiliated with any project listed. Educational content, not financial advice.