Frequently Asked Questions
It is completely free to set up and use a MakersPlace account. Fees occur when you make a transaction. The platform takes a 15% commission on primary sales and 2.5% on all secondary sales.
Artists will also need to pay gas fees to the Ethereum network when minting an NFT. Gas fees are also paid at the point of transaction.
Artists will receive 10% royalties on any secondary sales of the non-fungible tokens they created. This allows the artist to potentially earn off their work every time the asset is resold.
Artists pay gas fees when minting a new piece of art. As far as transactional fees go, a buyer will pay gas if they purchase an NFT outright while the seller will pay if they accept an offer.
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.