LooksRare Extends Its Zero-Fees NFT Program For The Next 30 Days

Updated: 18 December 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Christmas, one of the most anticipated holiday events, is coming up in a few days. To usher this upcoming holiday season in style, LooksRare NFT marketplace has extended its zero-fee non-fungible token program for the next 30 days. The initiative will allow collectors to gift their loved ones NFTs more cost-effectively this festive season.

LooksRare Extends Its Zero-Fee NFT Initiative

In a December 18 blog post, LooksRare confirmed extending its zero-fee initiative for non-fungible token sales for the next 30 days. The NFT initiative will enable collectors to get back 100% of whatever value they list their NFTs at. The NFT program will end sometime in the middle of next month.

You asked, and we delivered.

Sell NFTs with zero fees on LooksRare is being extended for 30 days.

You get back 100% of whatever value you list your NFTs at. No exceptions.

Enjoy! pic.twitter.com/4BVy66znWi

— LooksRare (@LooksRare) December 18, 2023

Established in January 2022, LooksRare is a community-based, non-fungible token market platform operating on the Ethereum blockchain. The market platform was founded by two co-founders who chose to remain anonymous under the nicknames Zodd and Guts. LooksRare has become one of the most traded marketplaces in the NFT ecosystem.

Last month, LooksRare altered its fee structure by initiating a zero-fee policy on NFT sales for a limited duration. The non-fungible token initiative started on November 16 and ended on December 16, 2023. Fortunately, the NFT marketplace has extended the program for 30 days.

This temporary suspension of NFT selling fees empowers sellers to receive the complete sale price of their NFTs during this promotional window. The extension is a massive boost to most NFT collectors, who are anticipated to interact even more with NFTs this season.

LooksRare Zero-Fee Initiative To Boost NFT Sales

This strategic decision aligns with LooksRare’s objective to attract a larger pool of sellers and foster heightened activity on its platform by providing a fee-free selling experience, albeit for a limited time frame. LooksRare NFT marketplace is likely to experience massive activities in the coming days.

It’s worth noting that this zero-fee selling initiative was enabled through the version 2 upgrade and the transition to zero-royalty trading. In that context, it underscores LooksRare’s flexibility within the competitive NFT market. These changes are a proactive response to industry dynamics, aiming to draw more users to the platform through financial incentives.