2023-04-10
LooksRare, an NFT marketplace, has
upgraded to version 2 with several new features and a reduced fee of 75%, down
from 2% in the previous version. The new platform also saves users
approximately 30% on gas fees compared to the previous version.
Ref: LooksRare on Twitter
In version 2, sellers will receive
Ether instead of Wrapped Ether (WETH) for most sales. The platform also
includes smart contracts that allow for bulk buying and selling, and
aggregators can now use custom recipients, enabling users to purchase NFTs with
one wallet and send them to another.
Sellers can also list their NFTs for
sale at token-based prices, including fixed prices in US dollars that must be
paid in Ether.
The LooksRare team announced that
version 1 will be discontinued on April 12th, and all current auctions will be
removed from the website on April 13th at 10:00 UTC. The smart contracts will
also be disabled via admin function at 11:00 UTC.
Many LooksRare users believe that the
new feature will definitely challenge competitors like OpenSea and Blur.
Photo Credit: Link
