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📢 PSA - If you sold any NFTs on #LooksRare in the past 2 days, don’t forget to claim your $LOOKS trading rewards, as it basically a rebate of any fees you paid!

looksrare.org/rewards/trading

📢 PSA - If you sold any NFTs on #LooksRare in the past 2 days, don’t forget to claim your $LOOKS trading rewards, as it basically a rebate of any fees you paid!

looksrare.org/rewards/trading

Some things were just meant to be.

Looks spooky Deadfellaz are at DeadZone LA

🧟looksrare.org/collections/0x…

.Azuki getting 🧹💨

⛩️ looksrare.org/collections/0x…

𝟵𝟱% 𝗼𝗳 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗥𝗲𝘄𝗮𝗿𝗱𝘀 𝗻𝗼𝘄 𝗴𝗼 𝘁𝗼 𝗡𝗙𝗧 𝘀𝗲𝗹𝗹𝗲𝗿𝘀!

That means 𝗭𝗘𝗥𝗢 𝗙𝗘𝗘𝗦.

👉 You pay a 2% flat fee to sell an NFT on LooksRare

💰 You receive $LOOKS back as a rebate the next day

👀💎looksrare.org

𝟵𝟱% 𝗼𝗳 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗥𝗲𝘄𝗮𝗿𝗱𝘀 𝗻𝗼𝘄 𝗴𝗼 𝘁𝗼 𝗡𝗙𝗧 𝘀𝗲𝗹𝗹𝗲𝗿𝘀!

That means 𝗭𝗘𝗥𝗢 𝗙𝗘𝗘𝗦.

👉 You pay a 2% flat fee to sell an NFT on LooksRare

💰 You receive $LOOKS back as a rebate the next day

👀💎looksrare.org

gm 👀💎

1/ How can you trade NFTs with 0 fees while still ensuring creators get paid? LooksRare has found a way. Read on 🧵

In this update, creators/collection owners will be able to share a flat 25% of the LooksRare protocol fee. This approach allows us to offer the most favorable conditions to NFT sellers, while still supporting creators/collection owners.

That’s why we’re choosing to lead the charge in this new landscape, by creating a competitive solution that still benefits creators: diverting protocol fees directly to creators.

The growth of zero-royalty marketplaces has eroded the general willingness to pay royalties throughout the NFT space. Good news for traders, but with a big downside: the move away from royalties has removed an important source of passive income for most creators.

🆕 Trading Rewards: 95% of trading rewards go to sellers, and 5% to buyers.

🆕 Listing Rewards: The Listing Rewards leaderboard now ranks by OpenSea rolling 24 hour volume only.

🆕 Protocol Fees: Still 2% total, except now 1.5% of each trade goes to LOOKS stakers and 0.5% goes to collections if they’ve set up a receiving address. (If they haven’t, total fees are only 1.5%)

Here’s a quick summary of the changes:

🆕 Royalties: LooksRare will be directing 25% of protocol fees to creators, and removing standard creator royalties. Buyers can opt-in to pay optional royalties at checkout.

The Trading Rewards distribution ratio has also been updated to favor NFT sellers, with the aim to achieve 0% seller fees through what is basically a rebate on protocol fees paid.

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