LooksRare NFT Marketplace Makes Creator Royalties Optional

The Ethereum-based NFT marketplace has made paying creator royalties optional when trading NFTs, making it the latest marketplace to do so.  No More Compulsory Royalties  LooksRare is the latest NFT marketplace to remove compulsory creator royalties on its platform.

Timeline of Looksrare

LooksRare is the latest NFT marketplace to opt for a zero-royalty mechanism  The platform will share 25% of the protocol fee with NFT creators and artists. LooksRare, the leading Ethereum-based NFT marketplace, has announced its new decision, stating the firm will no longer support creator royalties by default.

While NFT marketplace LooksRare has pivoted to royalty-free trading, it has diverted some of the protocol's fees to creators. The post LooksRare becomes latest NFT marketplace to nix royalties: Exclusive appeared first on The Block.

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