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LooksRare Removing Royalties
🤯 LooksRare Removing Royalties
Gm and open wide, here comes your daily dose of NFT news! 💊
What The Heck Is Going On?
Twitter Users Will Be Able To Buy & Sell NFTs
LooksRare Removing Royalties
What The Fund?
What The Meme?
Twitter Users Will Be Able To Buy & Sell NFTs
Twitter will let users display NFT marketplace listings from certain platforms, including a button to let them buy and sell collectibles.
They announced that it will let users buy, sell, and display NFTs directly through tweets in partnership with: Solana-centric marketplace Magic Eden, multi-platform NFT marketplace protocol Rarible, Flow blockchain creator Dapper Labs, and sports-centric platform Jump.trade.
Now testing: NFT Tweet Tiles 🚀
Some links to NFTs on @rarible, @MagicEden, @dapperlabs and @Jumptradenft will now show you a larger picture of the NFT alongside details like the title and creator. One more step in our journey to let developers impact the Tweet experience.
— Twitter Dev (@TwitterDev)
7:00 PM • Oct 27, 2022
Collectively, those marketplaces span several blockchain networks, including Ethereum, Solana, Flow, Polygon, Tezos, and Immutable X.
Currently, the feature is being tested with some Twitter users across iOS and the web.
A Twitter Blue premium subscription is not required to use the feature which is cool!
“Any purchases of NFTs through an NFT Tweet Tile will always be hosted on the marketplace site directly, and Twitter will not be a part of the transaction itself.”
LooksRare & Royalties
🧵 Starting today, #LooksRare will no longer support creator royalties by default, and instead, share 25% of the LooksRare Protocol fee with creators/collection owners.
— LooksRare (@LooksRare)
3:00 PM • Oct 27, 2022
LooksRare, an Ethereum NFT marketplace, has made paying creator royalties optional when trading NFTs.
The platform will let buyers opt into paying royalties, and also give a share of its protocol fees to NFT creators.
More and more NFT marketplaces are starting to stay away from enforcing creator royalties. Solana NFT marketplace, Magic Eden, did when it announced its own move to make creator royalties optional earlier this month.
LooksRare charges a 2% total fee on the sale price. Creators will now get 25% of that... meaning 0.5% of the sale price will now be directed to creators in place of their royalty rates.
NFT artists and creators have pushed back against the rejection of royalties.
What The Fund?
Exclusible has raised $5 million in a funding round led by FC Basel Owner Holzmann and Tioga Capital.
Funky Wolves NFT project hits $5M valuation after angel-round funding.
Singapore's AWST raises $1.7M funding led by East Ventures. They are the first Web3 company in Asia to work closely with Stripe to facilitate mainstream NFT transactions.
What The Meme?
That's all folks!
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.