I thought I’d go take a look at some of the new NFTs trading on LooksRare.org ….
LooksRare : https://looksrare.org/
LooksRare is the new big competition for OpenSea.
Supposedly the Fees are much lower to buy or mint NFTs there.
Many of the NFTs start at .1 Ethereum….
So $400 starting price…
Some are a lot more … like this Doodle for $5,000,000
To test It out I sent $20 of ETH to my Metamask wallet on LooksRare.
There was a $10 fee for that.
Ouch !
Next I needed to convert my Eth to Weth (wrapped Ethereum) there was a $34 Fee for that.
Hmmm… lots and lots and lots of fees.
I thought maybe I will just buy some of the new LOOKs token and stake to earn 800% APR …
The Cost to do that ? Only $236 ???
Forgettaboutit.
What am I doing wrong here ????
I guess I’ll just share my Artwork here on VYBrainium , POB, Waivio, Dtube, etc …. Learn to be happy with a few hundred dollars a day.
I’m not ready for NFTs yet. Maybe next year.
Maybe I’ll pick up a few LOOKs just in case ???
Chart: https://www.coingecko.com/en/coins/looksrare