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+--- Thread: How does NFT marketplace generate revenue? (/showthread.php?tid=16261)
How does NFT marketplace generate revenue? - abirami - 11-28-2024
NFT marketplace generate revenue through several monetization strategies that enhance the trading of NFTs.
The Common stream to generate revenue of a NFT platform is to charge transaction fees. Transaction fee is usually, a marketplace charge for transacting (buying or selling) digital assets. For example, if a user sell an asset for $1000, the platform charge 2.5% fee and the marketplace can gain $25 for the transaction.
Listing fee can be charged when the user list their asset for a sale on the platform. Charging Mint fee is an added advantage for the platform, that is minting is a process where users convert their digital asset (art, music, video) into NFTs which includes the charge of creating and storing NFTs.
Featured or Premium listings are used to create higher visibility increasing the sales which most of sellers pay to have the good position in search results.
Advertising in the platform could also charge a fee to post an ad within the platform or in the App and it can generate passive income without affecting the users.
Collaboration with the famous artists is a wise choice and can create buzz around the users, through partnering marketplace could gain revenue through their exclusive drops.
Best Opensea marketplace is the top choice for users supporting multiple blockchain platform including Ethereum, Polygon, Klatyn with less gas fee offering seamless integrations and it supports access to wide range of creators and sellers.