Popular marketplace, LooksRare, has opened an NFT raffle where participants can buy entries for 0.01 ETH or less. With such a low entry fee and grand raffle prizes such as Bored Ape Yacht Club (BAYC) and Azuki NFTs, this will surely grab your attention! Here’s everything you need to know.
LooksRare Launches NFT Raffle
Popular NFT marketplace, LooksRare is starting an NFT raffle with top prizes. To enter, you just need a crypto wallet with enough to cover the entry cost and gas fees. However, no raffle is a good raffle without knowing the prizes. Therefore, you’ll be happy to hear that tokens from the BAYC, Azuki, and more of the “hottest blue chips on the market” are up for grabs.
Reading this, you’re probably wondering how you can participate in this NFT raffle. Just like other lotteries you’ve entered, you can purchase as many entries as you like (up to the maximum). There’s a fixed amount of total entries for sale, and once the minimum threshold of entries is hit, the smart contract will pick the winners.
“If there’s too little interest in a particular round, it won’t go ahead. So, if the amount of entries bought is too low, the contract will enable users to have them refunded,” said Zodd, co-founder of LooksRare.
Everything will happen on-chain for transparency, so there can be no shady business. To reassure raffle participants, LooksRare has even taken an extra step and made the audit public. So if you have some crypto dust living rent-free in your wallets, why not fancy your chances? Shoot your shot and you never know, you could be the proud new owner of top-tier NFT.