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Looks Rare

Definition:

Rarity is important within an NFT collection. However, if someone comments on your newly minted PFP that it “looks rare”, it could be ironically. This may create a flipping desire. It’s also the name of an NFT marketplace competing with OpenSea.

Degen Chat

“Sunglasses on your new PFP? Looks rare.”

Related Terms:

Dictionary: Secondary Market
After an NFT project mints out, the NFTs can be bought and sold on the secondary market. Opensea, Looks Rare, Rarible and Super Rare are Ethereum-based examples of a secondary marketplace. This is where huge gains and losses can be made.
Dictionary: Seems Rare
Similar to ‘looks rare’. This is used generally sarcastically to appraise someone’s NFT. Whilst we are all chasing sub 1% traits, this phrase might be more directed to a 45% trait.

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