LooksRare Becomes The Latest NFT Marketplace To Scrap The Option Of Creator Royalties By Default

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. In addition, the platform will be moving forward with plans to share 25% of the LooksRare protocol fee with creators and collection owners in its bid to “support” NFT artists and sellers. […]