NFT marketplace LooksRare launches v2, reducing fees from 2% to 0.5%
The previous version of the nonfungible token marketplace will be sunsetted by April 13, 2023. Nonfungible token (NFT) market place LooksRare has upgraded to version 2, reducing fees by 75% and implementing several other Features , according to an April 6 announcement from the company. ! Rolled out rn: - Fee dropped to 0.5% - Gas 50% cheaper than Blur - One-signature bulk listing - Buy 70+ NFTs at once - Sellers get ETH instead of WETH Full deets https://t.co/3XXGeGK2r2 — LooksRare (@LooksRare) April 6, 2023 The LooksRare version 1 platform charged 2% per trade. This has been reduced to 0.5% in version 2. In addition, v2 has more gas-efficient contracts, allowing users to save approximately 30% on gas fees versus the previous version of the app. The company explained that in version 2, sellers receive Ether (ETH) instead of Wrapped Ether (WETH) for most sales, and the smart contracts allow for bulk buying and selling orders if a user wants to place multiple trades simultaneo...