Crytocurrency
Looksrare is the latest NFT market to stop paying royalties; Twitter’s tiles can tweet; and more.
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. Royalties can still be paid by buyers when they buy an NFT, but only if they choose to do so.