NFT trading platform LooksRare announced the launch of V2 version

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

1. Introduction to NFTs and Looksrare
2. What is Looksrare V2?
3. Fee reduction of 0.5%
4. Gas fee is 50% cheaper than Blur
5. One signature batch order listing
6. Purchase over 70 NFTs at once
7. Sellers can receive ETH instead of WETH
8. Conclusion
9. FAQs

On April 7th, Looksrare 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.

NFTs or non-fungible tokens are digital assets that store unique metadata on a blockchain. These assets include digital art, music, videos, and other virtual items. Looksrare is an NFT trading platform that has been gaining popularity among buyers and sellers alike. On April 7th, the team at Looksrare announced the launch of their V2 version, which has introduced a range of new features.

What is Looksrare V2?

Looksrare V2 is an update to the platform that has been designed to provide traders with a more seamless experience. The new version offers a range of features that make it easier for buyers and sellers to trade NFTs, including a fee reduction of 0.5%, gas fee is 50% cheaper than Blur, one signature batch order listing, purchase over 70 NFTs at once, and sellers can receive ETH instead of WETH.

Fee reduction of 0.5%

The fee reduction of 0.5% is one of the main features of the Looksrare V2 update. This reduction in fees means that traders can save money when buying and selling NFTs on the platform. The team at Looksrare has stated that the reduced fees will stay in place permanently, making the platform an even more attractive option for traders.

Gas fee is 50% cheaper than Blur

Another significant change introduced in Looksrare V2 is the 50% reduction in gas fees compared to Blur. Gas fees are a necessary cost when trading any asset on the Ethereum network. This reduction means traders can save money when buying and selling NFTs on Looksrare.

One signature batch order listing

Batch order listings allow traders to create multiple NFT listings at once, saving time and effort. However, previously, traders had to sign each listing separately, making the process slow and cumbersome. With one signature batch order listing, traders can sign all their listings at once, making the process much more efficient.

Purchase over 70 NFTs at once

One of the limitations of many NFT trading platforms is that traders can only buy and sell NFTs one at a time. However, with Looksrare V2, traders can purchase over 70 NFTs at once. This feature makes it an ideal choice for traders looking to buy or sell a large number of NFTs quickly.

Sellers can receive ETH instead of WETH

Finally, Looksrare V2 introduces a feature that allows sellers to receive ETH (Ethereum) instead of WETH (Wrapped Ether). WETH is a token that represents Ether on the Ethereum network, and it is used to make trading NFTs more secure. However, some traders prefer to receive ETH directly to their wallet, and the Looksrare team has made this possible with the V2 update.

Conclusion

Overall, Looksrare V2 is an exciting update to an already popular NFT trading platform. With reduced fees, lower gas costs, batch order listings, and the ability to purchase 70 NFTs at once, traders now have even more reason to choose Looksrare when trading NFTs.

FAQs

1. Is Looksrare V2 available to all traders?
Yes, Looksrare V2 is available to all traders, and they can access the new features immediately.
2. Can sellers still receive WETH instead of ETH?
Yes, sellers can still choose to receive WETH if they prefer, but the option to receive ETH directly is now available.
3. Is Looksrare V2 more secure than the previous version?
Although Looksrare V2 does not introduce any specific security features, the batch order listing feature does make it easier for traders to ensure all their NFTs are securely traded.