Crytocurrency

LooksRare is the latest NFT market to stop paying royalties. Twitter’s tweeting tiles and other news are also interesting.

LooksRare is the latest nonfungible token (NFT) market to stop enforcing creator royalties by default. Other NFT markets that have done this include Magic Eden and X2Y2.

The platform tweeted on October 27 that it would not support creator royalties by default. Instead, it would give NFT creators and collection owners 25% of its protocol fees. When buyers buy an NFT, they can still choose to pay royalties, but they will have to opt in to do so.

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