LooksRare has announced the launch of the V2 of its NFT marketplace, which promises to bring a new era of scalability, efficiency, and flexibility.V2 offers a host of benefits to its users, including a significant reduction in protocol fees by 75% to a fixed 0.5%, huge savings on gas fees, and the ability to buy and sell NFTs with $ETH instead of $WETH.
Bulk buying and listing have been made easier with the ability to add 70+ NFTs to the cart and make a single transaction. Additionally, buyers can send their purchased NFTs to a custom recipient, enabling cheaper transactions for aggregators.
The launch of V2 paves the way for new functionalities in the future, including upgraded collection offers, ERC-20 token support, and auctions. Sellers will also be able to create fixed-price listings in USD, while buyers can place trait-based offers and transfer all their NFTs at once.
The V2 rollout will take place over the next week, with both V1 and V2 activities eligible for trading rewards. After that, V1 orders will be disabled. The V2 launch has been audited by Spearbit, and a detailed report has been made available for users to review.
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