Looksrare Launches v2, Reduces Fee
According to an April 6 announcement, NFT marketplace LooksRare has upgraded to version 2, reducing fees by 75% and implementing several other features.
The LooksRare version 1 platform charged 2% per trade. In version 2, this was reduced to 0.5%. Furthermore, v2 has more gas-efficient contracts, allowing users to save approximately 30% on petrol fees compared to the previous version of the app.
According to the company, in version 2, sellers receive Ether instead of WETH for most sales, and smart contracts allow for bulk buying and selling orders if a user wants to place multiple trades at the same time. Furthermore, aggregators can now implement custom recipients, allowing users to buy an NFT with one wallet but send it to another. Sellers can also list their NFTs for sale in token prices instead of ETH, including for a fixed U.S. dollar price to be paid in equivalent ETH.
(With inputs from Shikha Singh)
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