Hi Hackers, LooksRare no longer supports by default. NFT creator royalties The move comes as a bid to keep up with other exchanges, like X2Y2 and sudoswap, that have already moved to opt-in royalties. This race to the bottom is one symptom of how NFT marketplaces are starting to feel the pressure from market saturation via increased competition. Indeed, speaking of X2Y2, this week the exchange blocked new NFT aggregator Blur from using its API in what boiled down to competitive shielding. Blur sidestepped the block by using the API of Gem, another NFT marketplace aggregator owned by OpenSea, to pull in X2Y2 trades. All that said, is competing with OpenSea, including DeFi giant Uniswap, which acquired its own NFT aggregator in Genie earlier this year to enter and get competitive in this sector. everyone Long story short? The NFT marketplace wars have heated up considerably this year, and right now there’s no slowing down in sight. Look for more struggles for positioning accordingly! In the meantime, thanks for reading everyone. Time to get you caught up on the other big headlines from this week ✌️ -WMP 📣 General NFT News temporarily stalled due to issues with , though the issue is . Lens Protocol Polygon gas limits + relaying now resolved became the latest NFT marketplace to . LooksRare no longer support creator royalties by default , a social media network built on Lens, added . ORB mobile notifications launched an in collaboration with Layer3. Quix NFT Bridging Quest is testing out NFT Tweet Tiles: Twitter indicates that 5 of the top 10 most profitable protocols over the last year have been NFT projects . TokenTerminal OpenSea, Ethereum Name Service, Decentral Games, and Foundation , an NFT marketplace, blocked NFT aggregator Blur from . X2Y2 directly accessing its API 🏆 Digital Collectibles resold for . Genesis Mooncat #1103 35Ξ endured a exploit during its RIMOWA Cabin Luggage mint event: RTFKT loopable transaction 🎨 Cryptoart launched its . Art Blocks new and improved website unveiled PLASTICS, a series created using the new Drops tool by Foundation: Jimmy Edgar , a cryptoart OG, saw his series hit a new ATH of 18Ξ: Matt Kane Gazers , the most popular NFT marketplace on Tezos, added , a popular generative art platform. objkt support for collections from fx(hash) 🎮 Decentralized Gaming rolled out a patch that introduced various bugfixes and seasonal Axieween UI updates: Axie Infinity announced 10k in $GHOST prizes for its festivities. Aavegotchi Gotchiverse Halloween Contest as a sector has fielded over the last year. web3 gaming $6.9B worth of investments 💽 Music NFTs announced its . Catalog second cycle of curators , a platform for free digital collectibles, introduced . Showtime Music Drops unveiled the Sound Market: sound.xyz 🌐 Virtual Worlds is hosting a 5-day event in Decentraland. DAPPCRAFT Halloween Treasure Hunt 💎 DeFi x NFTs rolled out , a straightforward protocol for borrowing and lending NFTs. DeFiLlama llamalend Action steps 💌 Read in (newsletter) Crypto privacy is humanitarian Bankless ⚽ Watch on (YouTube) Scaling Sorare’s NFT platform Bankless 🌱 Watch talk investable impact on (YouTube) Li Jin and Matthew Frehlich Green Pill 🙇 Catch up on my other from this week: Metaversal posts ✧ Optimistic on OPCraft ✧ NFT game design is hard ✧ 5 tips to maintain your crypto privacy Originally published here

This story contains new, firsthand information uncovered by the writer.

LooksRare No Longer Supports NFT Creator Royalties by Default

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