There is a platform fee on each transaction charged to the seller. On the first sale, the fee is 15% 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 NFT, 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 secondary sales, you’ll receive a percentage of the creator royalty.
*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.
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 royalty cut to the original creators.