Are there any fees or commissions involved when selling NFTs?

When selling NFTs (non-fungible tokens), it is important to understand that there are typically fees or commissions involved in the process. The specific charges can vary depending on the platform or marketplace used for selling. Most platforms charge a transaction fee, which is a percentage of the total sale price, to cover the cost of maintaining the platform and facilitating the transaction. Additionally, some platforms may also charge additional fees for gas or blockchain fees related to the NFT's underlying cryptocurrency network. It is always advisable to review the terms and conditions of the specific platform or marketplace being used to sell NFTs to ensure a clear understanding of any fees or commissions that may be applicable.

This mind map was published on 7 August 2023 and has been viewed 116 times.