LooksRare, a Non-Fungible Token (NFT) marketplace, has announced the end of its 24-month token emissions cycle and is transitioning to a new contract with a new emissions pool. The platform's growth, resilience, and adaptation in the NFT space over the past two years have led to this evolution towards a new operational framework. Users who have LOOKS earning WETH or in the Compounder can migrate their LOOKS to the new contract to continue earning rewards, with migration opening on November 27th, 2024. This move demonstrates LooksRare's commitment to upgrading and improving its services to remain relevant and competitive in the NFT market.
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LooksRare Sunsets 24-Month Token Emissions Cycle
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