Nonfungible token (NFT) marketplace LooksRare is the latest in a string of NFT markets to do away with enforcing creator royalties by default, following the likes of Magic Eden and X2Y2.
LooksRare said the willingness of buyers to pay royalties has “eroded” as a result of many NFT markets now moving to a zero-royalty model adding that these disadvantage creators by removing a source of passive income For this reason, it says it wants to create a “competitive solution” through its fee-sharing model with creators.
Sorare is a fantasy soccer league trading card game where players buy, sell and trade NFTs player cards to manage a team.
In March, it was reported that the EPL tapped blockchain firm ConsenSys for an NFT deal allegedly valued upward of $300 million.
It's only day 7 and we're just getting started!
Source: Cointelegraph
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