LooksRare has discovered a unique method to engage its customers amidst the ongoing competition in the NFT marketplace. By integrating with Chainlink's provably random number generator, the platform has introduced a series of raffles featuring high-value NFTs.
Through this innovative initiative, LooksRare will conduct raffles where participants have the chance to win valuable blue-chip NFTs and $LOOKS rewards. The initial raffle will offer collectors the opportunity to acquire the highly sought-after CryptoPunk #7941. More information regarding this raffle will be shared through the LooksRare Twitter account in the upcoming days.
LooksRare will employ Chainlink's 'Verifiable Random Function (VRF)' to authenticate the raffle and its outcomes. By utilizing blockchain technology, they aim to prevent any manipulation, ensure transparency, and uphold the integrity of the data. This will be accomplished by cryptographically validating the fairness and impartiality of the raffle through the utilization of block data.
Following the footsteps of Blur Marketplace's approach to customer engagement, LooksRare has introduced an airdrop program that rewards active traders with its governance token. This initiative entails the distribution of a substantial $5,000,000 worth of $LOOKS tokens to dedicated users of the platform.
Throughout the month of June, traders will accumulate 'Gems' based on their NFT activities, with the quantity determined by the significance of their endeavors. At the end of the month, these 'Gems' will be exchanged for a portion of the token pool.
In the midst of Blur and OpenSea's ongoing battle for market dominance, LooksRare is determined to actively participate in the competition every step of the way.
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