There are more than 10 NFT marketplaces today. Certain of them are dedicated to a specific subject, while others allow you to develop and offer for sale a wide variety of digital works of art. LooksRare and X2Y2 are considered some of the most popular marketplaces. These platforms are relatively new, optimal for those who are engaged in activities related to digital works of art.
What Is NFT Marketplace LooksRare
LooksRare is the 1st NFT trading platform in the community that gives good rewards to all members of the system. You can earn Looks3s coin here by creating, collecting and selling NFTs. Smart contracts of the site are based on a modular basis, which ensures the gradual introduction of new functionality. All of this is completely secure thanks to the standardization of signatures. It provides a transparent definition of the execution plan. Looks price is now $0.15, but it varies up and down.
What is the X2Y2 NFT Marketplace
X2Y2 is a truly decentralized NFT platform. The goal of the creators of the marketplace is to solve serious problems with the current NFT marketplace infrastructure. The platform is exclusively compatible with the NFT of the main Ethereum network. There are mass lists and purchases, push notifications, rarity statistics, and secret components. All of these features make using the platform as comfortable as possible for community members.
Advantages and disadvantages of LooksRare
The key advantages of this platform are:
- A qualitatively new platform for buying and selling digital works of art, created from scratch.
- The ability to quickly and easily buy, sell digital works of art, entire collections. 3.
- a well-designed rewards system for the creators of digital works of art and active buyers. Almost every user who participates in the life of the community can receive an award in the platform.
- The possibility of steaking Looks USDT with an increased interest. This allows you to earn a high income through steaking.
Of the disadvantages of the platform can be noted the fact that it does not have a Russian translation. This can cause certain inconvenience to users of the marketplace.
Advantages and disadvantages of X2Y2
The key advantages of this marketplace are as follows:
- Mass Listing. This feature allows you to list multiple digital works of art in a single transaction.
- Batch Purchase. You can purchase multiple digital artworks at once.
- real-time alerts. You can send activity notifications, letters about your NFTs.
Of the disadvantages of the platform note only its compatibility with only Ethereum. This somewhat limits the users of the marketplace in carrying out financial transactions. However, Ethereum’s capabilities are enough for convenient transactions.
The main differences between LooksRare and X2Y2
The platforms, despite similar functionality, have certain differences. You can read about them below.
Number of users
LooksRare outnumbers X2Y2 in terms of real users. This is due to the greater popularity of the first platform, its extensive functionality. However, X2Y2 is not far behind its competitor.
Supported currencies and wallets
The LooksRare platform supports a variety of cryptocurrency wallets. You can use Mexc, Gate.io, Kucoin. As for X2Y2, only those cryptocurrency wallets based on Ethereum technology can be used on this platform. The same applies to cryptocurrency coins that can be used for transactions within the marketplace.
The Hector Network is also a popular project in the NFT industry. Hector price is now $3.15 per coin.
Conclusions
Both platforms are quite popular among users, providing the ability to easily create, offer for sale and purchase digital works of art. LooksRare is more popular, but that does not mean that X2Y2 lags behind in terms of functionality. Use one of these platforms if you want to start making money from digital artwork. It’s a fairly promising area of earning that will only grow in the future.
