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NFT platform LooksRare launches V2 version with major updates

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On April 7th, it was announced that the NFT trading platform LooksRare had launched the V2 version, which provided the following updates: a fee reduction of 0.5%; Gas fee is 50% ch

NFT platform LooksRare launches V2 version with major updates

On April 7th, it was announced that the NFT trading platform LooksRare had launched the V2 version, which provided the following updates: a fee reduction of 0.5%; Gas fee is 50% cheaper than Blur; One signature batch order listing; Purchase over 70 NFTs at once; Sellers can receive ETH instead of WETH.

NFT trading platform LooksRare announced the launch of V2 version

The NFT market has been booming recently, with more and more people exploring the world of digital art and collectibles. One platform that has been leading the charge is LooksRare, and on April 7th, they announced the launch of their V2 version, which comes with several exciting updates.

What are the updates?

– 0.5% fee reduction: One of the most significant updates to the V2 version of LooksRare is the fee reduction of 0.5%. This reduction will make it cheaper and more accessible for buyers and sellers to participate in NFT trading.
– 50% cheaper gas fees: Another significant update is the 50% reduction in gas fees compared to Blur. Gas fees are an essential aspect of the blockchain ecosystem, and the reduced fees will make it easier for LookRare’s users to complete transactions with less overhead.
– One signature batch order listing: The V2 version of LooksRare also includes a new feature that allows users to create and manage batch order lists with just one signature, simplifying the process of buying and selling multiple NFTs.
– Purchase over 70 NFTs at once: With the V2 version, users can opt to purchase up to 70 NFTs at once, streamlining the process and making buying and selling NFTs even easier.
– Sellers can receive ETH instead of WETH: With the new V2 version of LooksRare, sellers will now have the option to receive payments in ETH instead of WETH, which is likely to be popular among users.

Benefits of the V2 version

The V2 version of LooksRare comes with several benefits for users. One of the most significant benefits is the reduced fees, making NFT trading more accessible and affordable for everyone. The 50% reduction in gas fees will also make it easier for users to complete transactions and avoid unnecessary overhead costs.
The one signature batch order listing feature is another significant benefit to users, streamlining the buying and selling process and making it more efficient. The ability to purchase over 70 NFTs at once will also make it easier for larger-scale traders to participate in the market.
Sellers will also benefit from the V2 version’s ability to receive payments in ETH instead of WETH, which is a more versatile payment option for trading.

Conclusion

In conclusion, the launch of LooksRare’s V2 version is a significant development for the NFT market. The updates to the platform will make it more accessible, affordable and efficient for users, further driving the growth of the marketplace.

FAQs

Q. What is an NFT platform?
A. An NFT platform is an online marketplace that allows users to buy and sell non-fungible tokens (NFTs), which are unique digital assets stored on the blockchain.
Q. What is a gas fee?
A. A gas fee is the amount required to complete a transaction on the blockchain. It’s meant to discourage spam and prevent the network from being overwhelmed with transactions.
Q. Can anyone participate in NFT trading on LooksRare?
A. Yes, anyone with an internet connection and a digital wallet can participate in NFT trading on LooksRare.

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