An overview of the design of royalties and service fees of mainstream NFT market platforms

stay NFT Under the background that the market has refreshed various records in the first half of the year , In the past three months 「 Further more 」 Phenomenal outbreak of ,NFT There are frequent news that the collection is sold at sky high prices , Top institutions and even traditional industry giants have arranged and even participated in it , And as a NFT Market important infrastructure OpenSea Platform data , It also well depicts this wave of shocking growth .

Dune Analytic data display ,OpenSea stay 8 month 29 The daily trading volume exceeds 3 Billion dollars , The trading volume reached nearly 30 Billion dollars , Surge month on month 8 times , This month, the number of active users of the platform also reached 20 ten thousand people .

With the new wave pushing NFT The concept of continuous out of the circle , And attract more and more investors to really participate in it , How to be in many NFT Choose the most suitable market platform application , No doubt there are many NFT Market newcomers are bound to face a problem . In order to compare the mainstream more intuitively NFT Interaction cost of market platform , And the incentive scheme of each platform for creators , This article takes stock of OpenSea、SuperRare、Rarible、MakersPlace、Nifty Gateway、 Currency security NFT、Foundation and Zora Eight mainstream NFT Of the market platform Commission and royalty system , I hope this question can be solved .

Service charge It's easy to understand , In short, it is the fee charged by the platform when providing trading services 「 Service Charge 」, Market participants are also buying and selling NFT One of the main costs to be paid . and Royalties are mainly used to motivate creators and artists ,NFT The creator in all resale transactions after the first sale , Can receive a certain proportion of royalty income .

With NFT The continuous development of the market , Some platforms also began to seek to optimize the royalty system , by NFT While the creator brings a steady stream of income , In the subsequent resale, it also provides income for all collectors , To continue to inspire NFT Liquidity and drive the market to achieve a balance between supply and demand .

that , On such a large scale NFT In the market , What is the service fee and royalty system of such platforms ？

By contrast, we can find , Different NFT The service fee and royalty system of the market platform are quite different , among ,OpenSea、Rarible、 Currency security NFT Market and Zora The service charge is lower , More is to benefit ordinary users and creators , and SuperRare、MakersPlace as well as Nifty Gateway The first sales service fees of all reached 15%, however SuperRare There are great advantages in the royalty system , Before that NFT On the basis of royalties , The collector's royalty plan was added last month , While encouraging secondary market transactions, it also brings additional royalties to collectors .

in addition ,Rarible Also recently introduced can simplify NFT Agreement on project launch process Rarible Protocol, The implementation of a set of royalty standards makes it possible to sell NFT Be able to comply with the royalties of the creator and the platform , Regardless of the source .

Here are the various NFT Detailed introduction to the service fee and royalty system of the market platform .

OpenSea

As the absolute dominant market share NFT trading platform , Founded on 2018 Early in the year OpenSea It is far ahead of other platforms in terms of transaction volume and number of users . Up to now OpenSea It's done Total amount over 1.2 Billion dollar financing , The investors include a16z、 Hedge funds Coatue And those who have been active in the field of encryption for a long time billionaire Mark Cuban etc. . By 8 month 23 Japan ,OpenSea In... This month SuperRare、Foundation、Rarible etc. 5 home NFT The trading volume in the market platform accounts for up to 98%, The total number of users has also reached more than 25 ten thousand people .

that OpenSea What is the royalty mechanism and transaction cost of ？OpenSea Will draw the transaction amount *（ Including first or secondary sales ）* Of 2.5% As a service charge . And about the buyer paying NFT The creator's royalties , from NFT The creator sets it himself , But not more than 10%.OpenSea These will be NFT Royalties are turned over to... Every two years NFT The payment address specified by the Creator .

in addition ,OpenSea Cannot assign royalties to multiple addresses , Therefore, only one address can be set for receiving royalties , It also means that ,NFT The creator cannot pass part of his royalties through OpenSea Directly for other purposes . It is worth mentioning that ,OpenSea Free transfer or gift of NFT No royalties , But if the donee sells again , You also need to pay royalties .

SuperRare

The token issue was completed this month and because 「 Huge airdrops 」 There was a fire SuperRare Recently, it is constantly optimizing its royalty system .SuperRare And OpenSea Founded in the same year , At present, it is still in the first experience stage , Only a few artists were recruited , It will be fully launched next year . This year, 3 End of month ,SuperRare Completed by Velvet Sea Ventures and 1confirmation The led 900 Thousands of dollars A Round of funding ,Mark Cuban、Chamath Palihapitiya and Marc Benioff Wait for the vote .

SuperRare Claim to be the first to introduce Automation artist royalties The platform of , The artist is in SuperRare After selling art, you will get... Of the total sales volume 85%,SuperRare Will charge the remaining 15% As service charge , When art is sold again , The creator will receive 10% Of royalties . And for SuperRare for , In addition to the amount of sales that will be charged when the artist sells for the first time 15% Service charge , The buyer will also be charged... In all purchase transactions 3% Market transaction costs .

And last month ,SuperRare In order to continuously stimulate the secondary sales of works of art , Make a breakthrough in digital art royalties , Launched for 12 Month's pilot plan of collector's royalty system ,SuperRare Any artwork not previously sold on the platform will be eligible to participate in the collector's royalties .

seeing the name of a thing one thinks of its function , All collection royalties will be paid to collectors , This part of the cost is borne by SuperRare Collected 3% To pay for . For the first collector of qualified works of art , Will get... When the work is resold again 1% Collection royalties , If the collection changes hands again , Will get the transaction amount 0.5%, Obtained on three resales 0.25%, Then decrease by half , Respectively 0.25%、0.125%、0.0625% etc. .

And the second collector of the collection , Will receive... When the work is resold again 0.5% Collection royalties , Then if you change hands again, it will decrease by half . Similarly, the third collector obtains... When the work is resold 0.25% Collection royalties , And so on .

 

  After a month ,SuperRare Announced the expansion of collector royalty coverage , So as to cover all SuperRare Artwork , It means , Regardless of the date of casting or first sale ,SuperRare Every piece of art collected on can now participate in SuperRare Collector's royalty plan .

Rarible

Rarible stay 2019 From the end of the year to 2020 At the beginning of the year Alexander Salnikov Et al , Co financing to about 1600 Thousands of dollars , Among them, this year 2 Month completion 1kx Lead investment Of 175 US $10000 seed round financing ,ParaFi Capital、Coinbase Ventures、CoinFund、MetaCartel Ventures as well as Bollinger Investment Group Take part in the voting , This year, 6 Completed by the Rockefeller family venture fund in June Venrock And blockchain venture capital companies CoinFund The led 1420 Thousands of dollars A Round of funding .

And OpenSea similar ,Rarible Our royalty system is also relatively simple , And Royalty May by NFT Creator set to Maximum 50%, However, the scope of official recommendations is 0 to 30% Between .Rarible The tip says , at present OpenSea Royalties on will not be transferred to Rarible, However, the team is currently studying cross platform royalty plans . in addition ,Rarible Sales will be charged at the initial sale 2.5% As service charge , In resale, an additional amount is drawn from the buyer 2.5% Commission , However, the subsequent governance decisions can be made by the token holder .

although Rarible It was established later , But it can be bought and sold on the platform NFT Assets to get native tokens RARI Reward mechanism , Attracted a group of users . in addition , This month, Rarible Also introduced can simplify NFT Agreement on project launch process Rarible Protocol, Have the ability to share expenses in the exchange process 、 Lazy people cast all kinds of NFT、 New royalty standards, shared order book and liquidity .

among ,Rarible Protocol Cast for the agreement NFT And externally cast NFT Implemented a set of royalty standards , Make it possible to sell on protocol applications NFT Be able to comply with the royalties of the creator and the platform , Regardless of the source .

MakersPlace

MakersPlace Founded in 2018 Beginning of the year , Every work on its platform will be digitally signed by the creator on the blockchain , At present, only artists can apply for residence .MakersPlace Complete a sum by... At the beginning of this month Bessemer Venture Partners and Pantera Capital The led 3000 $10000 financing .

MakersPlace Its popularity has been greatly improved this year , Thanks in part to digital artists Beeple Time consuming 13 Works created in 《Everydays: The First 5000 Days》,MakersPlace By working with Christie's , At Christie's, close to 7000 It's a million dollars deal , set up NFT Highest sales record .

About fees and royalties , When the creator sells his work ,MakersPlace Will ETH Form collection works Of final sales 15% As service charge , And additional transaction costs sold through credit cards . When the work is resold , Creators can get a of sales 10% Royalty of ,MakersPlace Will charge 2.5%, The remaining 87.5% Owned by the seller .

Nifty Gateway

Nifty Gateway Founded on 2018 year , stay 2019 year 11 The month was by the cryptocurrency exchange Gemini Acquisition , Artists applying for residence will be reviewed , It also supports debit and credit card purchases .

stay Nifty Gateway On , Artists can Set the royalty in the secondary market by yourself , The platform will charge... For each transaction in the secondary market Of sales 5% as well as 0.3 dollar Service charge , It is used to pay the credit card processing fee and provide funds for the operation of the platform .

Currency security NFT

As launched by the centralized exchange NFT platform , Currency security NFT The market is this year 6 Officially launched in April , The casting function is currently open only to authorized creators , Support sellers to BNB、BUSD and ETH To sell .

NFT The fee setting will support creators and creators who deposit their works in money security for sale *（ Follow up support transfer in function ）*. Whether it's minted in coin an NFT The creator of will still be external NFT Deposit money in an NFT The creator of the market will get... From subsequent transactions 1% Royalty of .

And about the platform Commission , When the work is first sold Set different levels of fees according to different markets , If in Premium The market will charge no more than 10% The cost of , stay Marketplace The market charges the lowest 1% The cost of , Charge in subsequent resale 1% The cost of .

Foundation

Foundation Founded on 2020 year , Artists need to be invited to settle in , You can also apply to become a Creator . In terms of fees and royalties ,Foundation When the artist or creator first sells , collect Of total sales 15%, The remaining 85% To the Creator ; In secondary sales , The creator can get sales 10% As royalty income ,Foundation Will charge 5%, The remaining 85% Owned by the seller .

Zora

Zora It is an art platform for dynamic pricing based on joint curve , Adopt invitation system and application verification mechanism , The platform consists of Coinbase Former product manager Jacob Horne Et al , In the last year 10 Completed by Kindred Ventures The led 200 US $10000 seed round financing , Coinbase Ventures Also involved in the investment .

according to Zora Terms of service ,NFT Creators can set the percentage of royalty revenue when their works are resold in the secondary market , The scope is 0 to 100% Between .Zora The platform will not start from NFT create 、 Any fees charged for activities such as sales .

『 Statement ： This content is for the general public only NFT Enthusiasts learn and exchange science , It does not constitute an investment opinion or suggestion , Please look at it rationally , Set up the right idea , Improve risk awareness 』