Invest 1ETH in LOOKS (Price Fluctuation + Staking + Compounding)

Investment: 1ETH (~$2,500) in $LOOKS Risk: Low Horizon: 1 year

Thesis: NFTs are only going to get bigger in 2022 and platforms like OpenSea will continue generating mass profits from it. However, OpenSea is buggy, has already had multiple outages and even insider trading from head of Product.

Here comes Looksrare.org (and their token $LOOKS), a direct competitor for OpenSea for ETH based NFTs. Why is Looksrare.org interesting?

• Launched recently and already outperforms OpenSea in volume with 20x fewer users.
• Lower fee structure drives a ton more postings and therefore drives more buyers as well (solving the issue of a 2-sided marketplace)
• Sellers and Buyers get rewarded in LOOKS and WETH (wrapped ETH) for transacting on Looksrare which is one of the core principles of Web3.
• You can stake your LOOKS with a current APR of 600% (300% in LOOKS and 300% in WETH) that compounds every 12 seconds.

$LOOKS started trading at $2 10 days ago, jumped to $7 on January 20th and is now at $4. I believe that as the platform gets more and more adoption, the price of the token will continue to rise.

At current prices, we would purchase 625 $LOOKS Token that we would immediately stake.

At current APR of 600% investment will be (numbers are estimates and based on a fix price of $4/LOOKS and $2,500/WETH):

• Day 0: 625 $LOOKS = $2,500
• Day 30: 825 $LOOKS + 0.20 WETH = $3,800
• Day 60: 1125 $LOOKS + 0.65 WETH = $6125

If possible, I would recommend investment of 2 ETH