LooksRare Reward Rebalance Results in Otherdeed Price Slide

October 21, 2022, 2:41PM EDT

• 4 min read

Quick Take

LooksRare has revised its listing reward program that compensates traders for listing eligible NFTs within a certain price range.
Yesterday, changes pertaining to the second part of this update went live.
Because listing rewards are now limited to the 200 lowest-priced NFTs in eligible collections, this has created negative externalities for select collections.
Otherdeed’s floor price has dropped by -19.7% since this update was implemented.

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Source: https://www.theblockresearch.com/rapid-insights-looksrare-reward-rebalance-results-in-otherdeed-price-slide-178967?utm_source=rss&utm_medium=rss