The non-fungible token (NFT) marketplace LooksRare recently launched its v2 version, which includes lower fees, improved UI/UX, and new features. LooksRare, which was founded by Alexander Paninit, is a peer-to-peer NFT marketplace that allows buyers and sellers to easily buy, sell, and trade NFTs.

LooksRare's v2 upgrade includes a significant reduction in fees. Buyers and sellers now pay only 0.5% when they utilize the platform, compared to the 2% fee that was previously charged. A 0.5% fee is lower than the average fee of 1.5% to 3.5% that's charged by other NFT marketplaces.

The marketplace also underwent an overhaul, giving users an improved UI/UX and introducing new features. Among the new features is support for more NFTs and a "related NFTs" feature that allows users to easily discover other NFTs by the same artist.

LooksRare strives to become the premier NFT marketplace, allowing users to trade NFTs with minimal fees and maximum user convenience. It also focuses on protecting buyer and seller interests by preventing fraud, price manipulation, and other malicious activities. One of the ways it ensures this is by requiring both buyers and sellers to register an Ethereum address before they're allowed to buy or sell NFTs.

The NFT marketplace industry has been booming recently, with the introduction of various new decentralized NFT marketplaces. However, while these platforms offer users the appeal of decentralization and anonymity, they don't always ensure the same levels of security or convenience.

LooksRare stands out in this regard, offering users a combination of decentralized and centralized features. It has both the convenience and ease of use typical of centralized NFT marketplaces as well as the security and decentralized aspect of popular decentralized platforms.

Thanks to its new v2 launch, LooksRare is now also one of the most affordable marketplaces, with fees that are lower than the market average. By helping buyers and sellers achieve their NFT-related goals conveniently and affordably, LooksRare is cementing its place as one of the leading NFT marketplaces.

LooksRare is an NFT marketplace that offers a unique blend of decentralized and centralized features, making it an ideal platform for buyers and sellers looking to take part in the NFT economy. With its newly launched version 2 features and lower than average fees of 0.5%, LooksRare is emerging as one of the most convenient and cost-effective NFT marketplaces available. While other NFT marketplaces can charge a fee of up to 3.5%, LooksRare's 0.5% fee gives buyers and sellers more bang for their buck and makes the platform more attractive. The platform also offers a great UI/UX, and several features including support for more NFTs and a "related NFTs" feature, making the buying and selling of NFTs on the platform relatively easy and straightforward. Further, LooksRare is focused on protecting buyer and seller interests by preventing fraud, price manipulation, and other malicious activities, so users can take part in secure and safe NFT trading. Therefore, LooksRare is better choice for anyone who wants to buy or sell NFTs without breaking the bank.



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