Artists, take note! There is still time to enter the logo art competition being held by the NFT marketplace LooksRare! Additionally, the LooksRare logo art competition is awarding $10,000 in cash and prizes. Would you like to know how to enter? So continue reading because you’re in the right place!
All about the Logo Contest from NFT marketplace LooksRare
On June 29th, NFT marketplace announced the contest for logo art. This was said by the platform in a brief thread on its Twitter account.
Simple guidelines govern the LooksRare logo art competition. All artists need to do is tweet their entry using the hashtag #LooksRare by July 15th. Naturally, LooksRare also included the wise counsel to “Get creative.” In a subsequent tweet, LooksRare also made some of its brand logos and other visual assets accessible.
Of course, the list of prizes in the announcement was its most exciting component. The prizes for winners total $10,000, as was already mentioned. In light of this, the contest’s prizes are as follows:
- 1st = $3,500
- 2nd = $2,000
- 3rd = $1,000
- 4th-10th = $500 each
About OpenSea’s biggest competitor, LooksRare
Looking to establish itself as the preferred secondary market for the NFT community, LooksRare launched back in January of this year. The platform has undoubtedly experienced some success since then. In fact, according to trade volume over time, DappRadar ranks it as the fourth-largest NFT market. It trails OpenSea, the Axie Infinity market, and the CryptoPunks market in order of popularity.
However, not all of the media coverage that LooksRare has received since its debut has been favourable. Most significantly, the platform has been repeatedly accused of using wash trading to generate a large portion of its sales volume. This is due to the way the trading platform rewards users with $LOOKS, which is its native token.