Decentra Dragon To Acquiring LooksRare NFT Marketplace
Decentralized dragon, the platform offering thousands of non-fungible tokens (NFT), is expanding its reach and strengthening its position in the growing NFT sector. Pouyan Roohi, creator of Decentra Dragon, has announced plans to acquire LooksRare, a developing NFT marketplace.
Looks Weird is a popular NFT marketplace that offers a wide variety of digital assets on its platform. By acquiring the business, Decentra Dragon will be able to expand its customer base and provide consumers with more options for buying and selling NFTs.
Roohi, a renowned Bitcoin investor who has built a successful career in digital assets, views cryptocurrencies as digital assets and considers Bitcoin a fantastic long-term trading opportunity. He has a strong awareness of the value of digital assets thanks to his expertise in video games.
His investment portfolio is mostly digital assets, with less than 1% of his holdings in NFT-ENS and 95% of his investments in cryptocurrencies. Roohi has two cryptocurrency portfolios, each with a unique strategy, and some of his portfolio is also invested in real estate.
Discussing the latest developments in his organization, Roohi said, “We would like to agree with LooksRare to acquire the company. It is a significant step for us in expanding our reach and offering our users more opportunities to buy and sell NFTs.”
Decentra Dragon offers 4,400 non-fungible tokens that were launched on the Ethereum Blockchain and minted on February 16, 2023. The tokens were distributed for free and have experienced a remarkable growth of 1,000 percent in the first three weeks. The prices of some of these tokens have even reached 600 US dollars.
The acquisition of LooksRare will help to develop a new NFT trading and collecting environment. Decentra Dragon will be able to provide its users with a wider selection of digital assets and more opportunities to interact with the NFT market. The company’s future expansion will be driven by Roohi’s ability to predict the direction of the decentralized market and identify arbitrage opportunities.
The NFT sector is growing at an unprecedented pace, with the total value of NFT sales reaching a record high of $2.5 billion in the first quarter of 2022. With Decentra Dragon’s acquisition of LooksRare, the platform is well positioned to capitalize on this growth and offer users a comprehensive NFT trading experience.
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