Nft
How I’m Earning NFT Marketplace Fees by Staking LooksRare (550% APR)
NFTs appear to be on the start of another bull run, with marketplace volumes increasing and mainstream celebrities giving them attention. I normally invest in DeFi and flipping NFTs isn’t my specialty, so, rather than pick and choose NFTs, I decided to invest in NFT infrastructure. Specifically, I chose LooksRare, a fast growing marketplace.
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0:00 Intro
0:34 NFT Attention Increases
1:59 My Dilemma as a DeFi Investor
2:26 Investing in NFT Infrastructure
3:03 OpenSea Issues
4:06 Intro to LooksRare
7:12 LooksRare Volume and Revenue Stats
8:44 LOOKS Staking Rewards
9:20 Final Thoughts on LooksRare and NFT Marketplaces
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Scammers are impersonating me in the comments! I'll never ask you to DM me on WhatsApp or Telegram.
Also, hope all of you enjoyed this video. I finally learned how to make more professional looking thumbnails.
How come staking no longer works? The last 2 days when I try and connect my wallet to stake it gets stuck loading
Thanks for posting this. I'd been looking for a way to get exposure to the NFT space without directly investing in NFTs since I'm not a very successful speculator. Even if the LOOKS token dumps, as long as the trading volume remains high, then the additional ETH gained over a year should still result in a net profit.
You mentioned "wash trading" at 8:30. What is that?
About the stuff about celebrities buying the NFTs. There are many rumours that they don't pay for them themselves, but get them for promotional reasons. I don't have any official sources on this, but I think one should continue to take the matter with a grain of salt. But if the marketing works, it doesn't really matter.
Great vid man.
mainstream adoptions justin bieber aka signaling were at the top
Nice thumbnail and wonderful video as usual. I have one question regarding the minimum amount to stake in order to be profitable taking into consideration the Ethereum fee ? Thanks
Seems to just be a farm token that will dump. Not going to be investing in this
The data on token terminal also got my attention. Wash trading means also that people are gathering the tokens and believe in the project. I just wander how the price action will be when the token rewards are slashed as it will reduce the staking apr ( less tokens and less rewards from trading).
Very interesting token indeed. Thanks for the update.