TechFlow News — NFT marketplace LooksRare has announced the official launch of its V2 version via a blog post, aiming to further reduce platform protocol fees and gas costs in order to compete with Blur and OpenSea Pro.
According to information disclosed by LooksRare, the protocol fee for LooksRare V2 will be drastically cut by 75% (reduced from 2% to 0.5%), while gas fees will be reduced by 50%. Sellers will now receive ETH directly instead of WETH as before.
In addition, LooksRare stated that the new version enables batch listing and purchasing of over 70 NFTs in a single transaction, and transactions will support reusable signatures.
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