NFT marketplace LooksRare, which launched on Jan. 10, had $9.5B+ in trading volume, $8.3B+ of which seems to be users "wash trading" between their own wallets (Andrew Hayward/Decrypt)




Andrew Hayward / Decrypt:

NFT marketplace LooksRare, which launched on Jan. 10, had $9.5B+ in trading volume, $8.3B+ of which seems to be users “wash trading” between their own wallets  —  CryptoSlam says the vast majority of the hot NFT marketplace’s sales are illegitimate trades made to manipulate the token rewards model.



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