How do you buy or sell NFTs on LooksRare?
LooksRare is one of the most reputed and growing NFT marketplace and several experienced traders are showing great interest in this platform. Well, there are different reasons why people like it among the availability of different NFT marketplaces. So, if you have also begun your NFT trading on this platform, then you should learn how to buy or sell NFTs on this platform.
On this Ethereum-based NFT marketplace, users are given the opportunity to earn rewards when they invest in any NFT collection through it.
So, if you are also interested to earn those rewards, then you can take the following steps to make your first investment.
Buying NFT through LooksRare
To begin with it, you first need to make sure that you have connected a supported wallet to it. To do so, just click on the “Connect” option that is available on the main screen of LooksRare and then choose a supported wallet. Once your wallet is connected, you can start applying the steps:
- After signing in, click on the “Collections” or “Explore” tab
- Followed by this, you can explore the whole list of NFTs available there
- Now, find out which one you wish to invest in
- Then, you can make an offer with ETH or wETH
- On the following screen, you can place a “Collection offer”
- Make sure that you have enough NFTs to pay the gas fee for this transaction
Once you have some NFTs, you can sell them at a higher price. After this, you can go ahead with earning rewards and use them as and when needed.
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Buying and selling NFTs on LooksRare is a very simple process. All you need to do is follow the steps that are given above in this post to make your first purchase and start earning rewards. The passive income that could be generated through this platform is in the form of $LOOKS. These rewards could be then used to buy crypto assets and can also be converted to another crypto. In case you are unable to figure out or complete this procedure, then you can refer to the instructions that are given on the official website.