Glossary

APR: Annual Percentage Return.

Collection: A set of NFTs within the same contract.

Collection Offer: An offer which gets submitted on all items within a collection.

Contract: An Ethereum smart contract

Floor Price: The lowest amount of money required to spend to obtain an NFT using the Buy Now function.

Gas: The cost required to perform a transaction, priced in GWEI.

LOOKS: The native token of LooksRare

Private Listing: A listing which is pre-determined between a buyer and seller. These listings do not generate trading rewards, as they are not charged platform fees.

Royalties: Fees which are paid to collection owners upon each trade done on LooksRare. Private listings still pay royalties to the collection owner.

WETH: Wrapped Ether. See "What's the difference between ETH and WETH"

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