There is a platform fee on each transaction charged to the seller. On the first sale, the fee is 5% of the sale price, while on secondary sales, the fee is 2.5%. The fee on all sales has a minimum of $0.50.
If you are the sole creator of the work, you will receive the full proceeds after the deduction of the platform fee upon sale. If you are part of a project with multiple creators, you’ll split those proceeds evenly*. For all future secondary sales, you’ll receive a percentage of the Creator Royalty.
If you are selling an NFT in the secondary market, your proceeds will be the amount after deducting the platform fee of 2.5% and the cut to the original creators, if it applies.
*When proceeds are being split between multiple creators, the cents that can’t be split evenly will go to the creator who minted the NFT.