So what happens next? We avail ourselves of the court system to finally start to get some clarity for the crypto industry in the U.S. Ironically, establishing some case law may be our best shot at getting the regulatory clarity that the industry deserves. 14/15
Is LooksRare dead? The battle of NFT marketplaces
@LooksRare@opensea@the_x2y2
If we look at the num of sales of 3 NFT marketplaces in the last quarter, LooksRare seems in danger.
Let's deep dive together. Results are generated by Increment @Covalent_HQ 🧵
Judging from the analysis in this thread, the prospects for $LOOKS are not promising and investors would be better off avoiding this token. The price of $LOOKS in 2022 demonstrates that the market agrees with this assessment.
14/14
I see no reason to buy or hold LooksRare $LOOKS, based on the following analysis. A thread. 🧵
(Note: For this analysis, I used the beta version of @Covalent_HQ’s new platform, Increment, as a participant in Covalent’s Data Alchemist Coding Bootcamp.)
1/14
It remains to be seen how this new model will impact LooksRare and its investable token $LOOKS. Thus far, LooksRare has failed to make major headway against market leader OpenSea.
13/14