Decentra Dragon, the platform offering thousands of non-fungible tokens (NFTs), is expanding its reach and strengthening its position in the growing NFT sector. Pouyan Roohi, the creator of Decentra Dragon, has announced plans to acquire LooksRare, a developing NFT marketplace.
LooksRare is a popular NFT marketplace that provides a broad selection of digital assets on its platform. By acquiring the business, Decentra Dragon will be able to broaden its customer base and give its consumers 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 investing 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 a little bit of his portfolio is also invested in real estate.
Discussing the latest developments in his organization, Roohi said, “We will be pleased to agree with LooksRare on buying the company. It is a significant step for us in terms of expanding our reach and offering our users more options to buy and sell NFTs.”
Decentra Dragon offers 4400 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 1000 percent in the first three weeks. The prices of some of these tokens have even reached 600 U.S. dollars.
The acquisition of LooksRare will assist in developing 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 chances to interact with the NFT market. The company’s future expansion will be fueled by Roohi’s aptitude for predicting the direction of the Decentralised market and identifying arbitrage possibilities.
The NFT sector is growing at an unprecedented pace, with the total value of NFT sales reaching an all-time 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 its users a comprehensive NFT trading experience.
Read Also: OKX Ventures backs AlienSwap to fuel NFT marketplace growth
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- Source: https://alexablockchain.com/decentra-dragon-to-acquire-looksrare-nft-marketplace/
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