#LOOKS BlackRock has announced its application for a spot ETF that will include the token from the NFT marketplace LooksRare. This move marks a significant milestone as it is the first time a major financial institution has sought to create an ETF centered around an NFT marketplace. The introduction of such an ETF is expected to stimulate growth in the NFT sector and the broader Web3 ecosystem.

This move by BlackRock is seen as a catalyst for further institutional interest and investment in NFTs, potentially driving significant growth in the Web3 sector as a whole.