Frequently Asked Questions
In order to mint a non-fungible token on the Rarible platform, you will be responsible for paying gas fees to the Ethereum blockchain. This price will vary throughout the day and your location. You will also need to pay a transaction fee of 2.5% whether you are buying or selling.
As a creator, you can set a royalty percentage on your digital assets when you upload them to the NFT marketplace. This means that you will receive royalties each time your own NFTs are resold on the platform even if you aren’t directly involved in the sale. Royalties are typically set between 5 – 10%.
Gas fees (payment to the crypto miners) are paid by the seller when they initially set up their account and when they mint an NFT for sale.
At the time of the transaction, when a digital asset is sold, the buyer will pay the gas fee. If the seller accepts an offer, they will pay the gas fee.
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.