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Looksrare, the non-fungible token (NFT) marketplace, has launched version two, also known as v2, which reduces protocol fees by 75%. According to statistics from Dune Analytics, Looksrare was the tenth-largest NFT marketplace in terms of trader count during the past week.<\/strong><\/p>\n NFT marketplace Looksrare<\/a> announced the launch of version two (v2) on April 6, 2023. One of the significant changes is the reduction of Looksrare\u2019s fees by 75% with v2. \u201cLooksrare\u2019s protocol fee is now a fixed 0.5%, down from 2%,\u201d the team noted in a blog post<\/a>. \u201cGiven the current market meta, we\u2019re removing creator rebates for the time being.\u201d<\/p>\n According to stats<\/a> from Dune Analytics, Blur and Opensea traders dominate the market in terms of traders and market share in volume this week. Looksrare is the tenth-largest NFT marketplace in terms of traders and volume this week, according to metrics from Dune Analytics and Dappradar<\/a>.<\/p>\n Looksrare claims that users can save \u201c~50% on gas fees compared to other marketplaces like Blur, and ~30% on gas fees compared to Looksrare version one.\u201d In addition, Looksrare v2 will use ethereum (ETH<\/a>) instead of wrapped ethereum (WETH). With Looksrare v2, users can make bulk purchases by adding \u201c70+ NFTs to your cart.\u201d<\/p>\nNFT Market Protocol Looksrare Launches v2<\/h2>\n