LooksRare can market NFT.UpgradeIt’s version 2, along with a 75% reduction in fees and the introduction of other features, according to the company’s announcement on April 6.
Rolled out rn:
– Fee dropped to 0.5%
– Gas 50% cheaper than Blur
– One-signature bulk listings
– Buy 70+ NFTs at once
– Sellers get ETH instead of WETHFull deets
https://t.co/3XXGeGK2r2
— LooksRare (@LooksRare) April 6, 2023
The LookRare version 1 platform charges a 2% fee per trade. This is now reduced to 0.5% in v2. There is also a gas saving of about 30% compared to the previous version.
The company explains that in v2, sellers get Ether instead of Wrapped Ether (WETH) for most sales, and also have smart contracts that allow bulk purchases and sales. If users want to trade multiple transactions at the same time, aggregators can now use custom recipients. This allows users to purchase NFTs with one wallet and then transfer them to another.
Sellers can also list their NFTs for sale at the token price instead of ETH, including the fixed US dollar price paid in ETH equivalent.
teamsaythat LookRare v1 will be retired on April 12th, all current v1 auctions will be removed from the website at 10:00 AM UTC on April 13, and smart contracts will be deactivated via admin function at 11:00 AM UTC. UTC
Many LookRare users believe the new feature will certainly pose a challenge to competitors like OpenSea and Blur.
refer : LINK
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