Fees for the Top 5 CryptoArt Sites

I made this with the intention of surfacing the fees for the most popular NFT gallery sites so that artists selling on these platforms can have a clear idea of how much money they may lose. Fees that come out of the buyer’s pocket are listed here, although they have not been factored into the example calculations as I want to focus on the artist’s experience. This work focuses on Primary Sales, although Secondary Sale information is included.

Gas fees have been marked with an * and are an average, please see the section labeled Gas Fees for more information on how these have been calculated.

I have included examples under each gallery site that show a fee breakdown and net profit for 4 different sale price points: $20, $100, $500 and $1000. Dollars are always in USD.

The intent of this document is to be as accurate and transparent as possible. Where possible I’ve tried to find sources that are from direct, first-person experience by artists using these platforms, from the gallery site’s Terms of Service, or dedicated gallery forms. In some cases this information has been extremely difficult to find. If you notice something has been miscalculated, misinterpreted, or missed please let me know and I’ll correct it! I intend to keep this updated with new information as often as possible. For corrections or additions DM me on Twitter @thatkimparker.

For simplicity this work focuses on single editions. For multiple editions, see Multiple Editions note at the end.

Foundation

eg. Primary Sale Price: $20
Mint cost: -$70*
Listing fee: -$80*
Claim fee: -$20*
Foundation takes $3
Fee total: -$173
Artist net profit: -$153

% of Sale lost to fees: 865%

eg. Primary Sale Price: $100
Mint cost: -$70*
Listing fee: -$80*
Claim fee: -$20*
Foundation takes $15
Fee total: -$185
Artist net profit: -$85

% of Sale lost to fees: 185%

eg. Primary Sale Price: $500
Mint cost: -$70*
Listing fee: -$80*
Claim fee: -$20*
Foundation takes $75
Fee total: -$245
Artist net profit: $255

% of Sale lost to fees: 51%

eg. Primary Sale Price: $1000
Mint cost: -$70*
Listing fee: -$80*
Claim fee: -$20*
Foundation takes $150
Fee total: -$320
Artist net profit: $680

% of Sale lost to fees: 32%

Superrare

eg. Primary Sale Price: $20
Mint cost: -$70*
Superrare takes $3
Fee total: -$73
Artist net profit: -$53

% of Sale lost to fees: 365%

eg. Primary Sale Price: $100
Mint cost: -$70*
Superrare takes $15
Fee total: -$85
Artist net profit: $15

% of Sale lost to fees: 85%

eg. Primary Sale Price: $500
Mint cost: -$70*
Superrare takes $75
Fee total: -$145
Artist net profit: $355

% of sale lost to fees: 29%

eg. Primary Sale Price: $1000
Mint cost: -$70*
Superrare takes $150
Fee total: $220
Artist net profit: $780

% of sale lost to fees: 22%

Rarible

The following examples assume this is an artist’s first primary sale and include the one-time “approve wallet” fee. To determine the fees for all subsequent primary sales, subtract $15* from the fee total.

I’ve broken Rarible examples into two sections, Auction and Fixed Price.

Auction
eg. Primary Sale Price: $20 (auction)
One-time Wallet Approval Fee: -$15*
Mint Cost: -$70*
Rarible takes $0.50
Artist pays $70 gas fee* when sold
Fee total: -$155.50
Artist net profit: -$135.50

% of Sale lost to fees: 777.5%

eg. Primary Sale Price: $100 (auction)
One-time Wallet Approval Fee: -$15*
Mint cost: -$70*
Rarible takes: $2.50
Artist pays $70 gas fee* when sold
Fee total: -$157.50
Artist net profit: -$57.50

% of Sale lost to fees: 157.5%

eg. Primary Sale Price: $500 (auction)
One-time Wallet Approval Fee: -$15*
Mint cost: -$70*
Rarible takes $12.50
Artist pays $70 gas fee* when sold
Fee total: -$167.50
Artist net profit: $332.50

% of Sale lost to fees: 33.5%

eg. Primary Sale Price: $1000 (auction)
One-time Wallet Approval Fee: -$15*
Mint cost: -$70*
Rarible takes $25
Artist pays $70 gas fee* when sold
Fee total: -$180
Artist net profit: $820

% of Sale lost to fees: 18%

Fixed Price
eg. Primary Sale Price: $20
One-time Wallet Approval Fee: -$15*
Mint cost: -$70*
Fixed Price List for Sale fee: -$15*
Rarible takes $0.50
Fee total: -$100.50
Artist net profit: -$80.5

% of Sale lost to fees: 502.5%

eg. Primary Sale Price: $100 (fixed price)
One-time Wallet Approval Fee: -$15*
Mint cost: -$70*
Rarible takes $2.50
Fixed Price List for Sale fee: -$15*
Fee total: -$102.50
Artist net profit: -$2.50

% of Sale lost to fees: 102.5%

eg. Primary Sale Price: $500 (fixed price)
One-time Wallet Approval Fee: -$15*
Mint cost: -$70*
Rarible takes $12.50
Fixed Price List for Sale fee: -$15*
Fee total: -$112.50
Artist net profit: $387.50

% of Sale lost to fees: 22.5%

eg. Primary Sale Price: $1000 (fixed price)
One-time Wallet Approval Fee: -$15*
Mint cost: -$70*
Rarible takes $25
Fixed Price List for Sale fee: -$15*
Fee total: -$125
Artist net profit: $875

% of Sale lost to fees: 12.5%

OpenSea

The following examples assume this is an artist’s first primary sale and include the one-time account set-up fee. To determine the fees for all subsequent primary sales, subtract $70* from the fee total.

eg. Primary Sale Price: $20
Account Setup Fee: -$70*
OpenSea takes $0.50
Fee total: -$70.50
Artist net profit: -$50.50

% of Sale lost to fees: 352.5%

eg. Primary Sale Price: $100
Account setup fee: -$70*
OpenSea takes $2.50
Fee total: -$72.50
Artist net profit: $27.50

% of Sale lost to fees: 72.5%

eg. Primary Sale Price: $500
Account setup fee: -$70*
OpenSea takes $12.50
Fee total: -$82.50
Artist net profit: $417.50

% of Sale lost to fees: 16.5%

eg. Primary Sale Price: $1000
Account setup fee: -$70*
OpenSea takes: $25
Fee total: -$95
Artist net profit: $905

% of Sale lost to fees: 9.5%

Makersplace

eg. Primary Sale Price: $20
Mint cost: -$70*
Makersplace takes $3
Fee total: -$73
Artist net profit: -$53

% of Sale lost to fees: 365%

eg. Primary Sale Price: $100
Mint cost: -$70*
Makersplace takes $15
Fee total: -$85
Artist net profit: $15

% of Sale lost to fees: 85%

eg. Primary Sale Price: $500
Mint cost: -$70*
Makersplace takes $75
Fee total: -$145
Artist net profit: $355

% of Sale lost to fees: 29%

eg. High Primary Sale Price: $1000
Mint cost: -$70*
Makersplace takes $150
Fee total: -$220
Artist net profit: $780

% of Sale lost to fees: 22%

A Note on Nifty Gateway

*Gas Fees

These are hard to give exact numbers for two reasons:
1) the price of gas fluctuates
2) the more money you pay for gas, the higher the chance the transaction will be included in the next block as this is what incentivizes miners

There have also been documented problems if you are doing a time sensitive transaction because if the price changes too much before your transaction is picked up and processed the transaction may fail. You will still need to pay for the gas fees for that failed transaction.

I’ve given an average for these, based on first-hand accounts and research listed in the Sources section below. To summarize:

Multiple Editions

For multiple editions, multiple sales can usually be made while only having to pay the mint fee once. To calculate the fees for multiple editions, subtract the mint fee only once. You may still have to pay a claim fee, sale fee and other gas fees for each individual sale in your multiple edition, depending on the platform’s fee structure. The percentage that each platform takes from your sales applies to each individual sale in your multiple edition.

Updates & Corrections

Sources:

Canadian concept artist