Frequently Asked Questions
You will not need to pay anything to create an account on LooksRare. Buyers will need to pay a 2% transaction fee to the company when they make a purchase. That being said, there is no fee for private sales.
You will need to pay royalties on a sale if the collection requires them. This will vary depending on the collection, but most of the time, the percentage will be between 5-10 % of the total transaction.
If an item is sold for the listed price, the buyer of the NFT will pay the gas fees. Sellers will pay the gas fees if they accept an offer.
Users can not currently mint on LooksRare. It is currently unknown when this feature will be added in the future.
Luci is a novelist and active blogger. She loves learning new things and tackling new and interesting industries. Her inquisitive nature makes her the perfect writer and researcher.
While she’s relatively new to the NFT space (as most people are) she’s loved diving in and providing great resources for beginners and intermediate traders.