Latest LooksRare (LOOKS) News Update

Deep Dive

1. @kanalcoin: OpenSea’s multichain pivot pressures LOOKS bearish

“The launch draws parallels to previous events such as LooksRare and Blur, where governance token incentives led to temporary spikes in market participation.”
– @kanalcoin (28K followers · 1.2M impressions · 2025-05-30 08:42 UTC)
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What this means: This is bearish for LOOKS because OpenSea’s expanded multichain capabilities (19 blockchains) could divert trader attention from niche NFT platforms, replicating 2022-2023 dynamics where LOOKS’ token incentives lost impact against larger rivals.

2. @tokentopnews: NFT volume rebound fuels LOOKS speculation bullish

“Past volume surges have correlated with increased interest in governance tokens like LOOKS and BLUR. CryptoSlam data shows first-half 2025 NFT sales at $2.82B (+78% transactions).”
– @tokentopnews (41K followers · 890K impressions · 2025-07-13 18:55 UTC)
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What this means: This is bullish for LOOKS because rising NFT transaction counts (20.6% weekly increase to $122.6M) historically precede demand for platform-specific tokens, though LOOKS’ current $15.1M market cap remains 86% below its 2023 ATH.

Conclusion

The consensus on LOOKS is mixed, balancing NFT market tailwinds against intensifying platform competition. Watch whether July’s transaction growth sustains into Q4, and monitor OpenSea’s SEA token rollout for cross-platform liquidity shifts.

Deep Dive

1. Emission Reduction & Protocol Rewards (January 2023)

Overview:
LooksRare entered its final token emission phase, slashing daily LOOKS rewards by 47% (from 150 to 80 LOOKS per block) to curb inflation and transition toward organic growth. Protocol rewards for stakers dropped to 122,850 LOOKS/day, while listing/trading rewards were halved.

The update aimed to reduce sell pressure from token incentives and align long-term sustainability. Team and treasury allocations were locked and staked to signal commitment.

What this means:
This is neutral for LOOKS because reduced emissions could stabilize prices by lowering inflation, but diminished rewards risked short-term user attrition. The focus on organic volume signaled confidence in platform utility beyond incentives.
(Source)

2. Zero Royalty Model (October 2022)

Overview:
LooksRare removed enforced creator royalties, instead directing 0.5% of the 2% protocol fee to creators. Buyers could opt to pay royalties, while sellers received 95% of trading rewards to offset fees.

The change responded to industry-wide royalty erosion, balancing trader savings with creator support via fee-sharing.

What this means:
This is bullish for LOOKS because lower seller fees improved competitiveness against rivals like OpenSea, while partial fee-sharing retained creator incentives. However, reliance on buyer goodwill for royalties introduced uncertainty.
(Source)

Conclusion

LooksRare’s last major updates in late 2022 and early 2023 focused on sustainability via reduced emissions and fee restructuring, but no recent code changes are documented. How might the platform adapt to 2025’s multichain NFT ecosystems dominated by rivals like OpenSea’s OS2?

Deep Dive

1. NFT Volume Surge (13 July 2025)

Overview:
NFT weekly transactions rose 20.6% to $122.6M, per CryptoSlam data, driven by platforms like OpenSea and Blur. While ETH/SOL prices held steady, historical patterns link such surges to increased interest in governance tokens like LOOKS.

What this means:
This is neutral-to-bullish for LOOKS, as heightened NFT activity often precedes demand for platform-specific tokens. However, the absence of direct protocol updates or TVL growth tempers immediate upside. Past volume spikes (e.g., Q1 2025) saw LOOKS gain 18% within two weeks. (CryptoSlam)

2. OpenSea OS2 Launch (30 May 2025)

Overview:
OpenSea launched OS2, supporting NFTs/tokens across 19 chains, with CEO Devin Finzer calling it a “cornerstone for on-chain assets.” The update parallels 2022-23 dynamics when LOOKS and Blur leveraged token incentives to challenge OpenSea’s dominance.

What this means:
This is bearish for LOOKS in the medium term, as OS2’s multichain liquidity could divert trader attention. However, OpenSea’s anticipated SEA token airdrop might reignite speculative interest in NFT governance tokens broadly, creating potential spillover demand. (Kanalcoin)

Conclusion

LOOKS faces mixed signals: NFT market momentum offers a demand floor, while OpenSea’s aggressive multichain play risks fragmenting liquidity. Will LOOKS’ Ethereum-centric model hold relevance as competitors embrace cross-chain interoperability?

Deep Dive

1. No Upcoming Roadmap Items Found

Overview:
Publicly available data as of September 2025 does not reveal specific, confirmed roadmap items for LooksRare. The most recent updates include historical events like the 2023 integration of MoonPay for fiat-to-crypto purchases and the 2022 LOOKS token emission reduction.

What this means:
This is neutral for LOOKS because the absence of publicly disclosed near-term plans could reflect a focus on maintaining existing infrastructure rather than innovation. However, it raises questions about long-term competitiveness against rivals like OpenSea, which recently expanded multichain support (Kanalcoin).

Conclusion

LooksRare’s trajectory appears focused on sustaining its NFT marketplace model, but the lack of announced upgrades or expansions post-2025 leaves its strategic direction unclear. How might evolving NFT market dynamics and competitor moves influence its next steps?