A Meebit NFT Sold for $49.5M in Ethereum — But There’s a Catch

Key Takeaways Meebit #13824 sold for 14,700 Ethereum on LooksRare this afternoon. LooksRare is a new OpenSea competitor offering trading rewards to incentivize users, which may explain the sale. Trading volumes for Meebits and Loot have soared on LooksRare this week, likely because the two collections do not charge royalties on secondary sales. Share this …