What kind of fees are incurred in selling NFTs?
Sellers are charged with Platform Fee as well as Creator Royalty set upon the corresponding NFT collection. When a sale occurs, OnePlanet provides the seller with the sale proceeds excluding Platform Fees and Creator Royalty.
- Platform Fees: This is the service fee for using OnePlanet marketplace. For each sale, 2% of the sale price is charged.
- Creator Royalty: This is the royalty set by NFT creators beforehand. Creators can earn these royalties each time their NFT is sold on OnePlanet.