In the labyrinth of the digital art, where code is the canvas and blockchain is the gallery, NFTs have emerged as the artistic gold rush of the century. The intrigue doesn’t stop at ownership; it extends to the realm of royalties, a symphony of digital income streams. While not every marketplace harmonizes with this tune, we’ve curated a list of platforms that sing praises to NFT royalties.
OpenSea
OpenSea is the largest NFT marketplace of 2023, with over 27,000 daily traders actively participating in the platform. As of April 2023, approximately 5,000 NFTs are sold daily, generating around $15 million daily sales revenue. Royalty fees are fully enforced when trading NFTs, primarily if the digital assets aren’t traded on the Blur platform.
Read more: OpenSea Review 2023 – Full Overview of OpenSea NFT Marketplace
Blur
Blur is a popular zero-fee NFT marketplace launched in October 2022 that caters to professional NFT traders. With over 400,000 active users and an impressive traded volume of $1.4 billion, Blur offers a unique feature where users can decide whether to pay royalty-related fees. The platform provides a 0.5% minimum royalty.
Rarible
Rarible is a prominent NFT marketplace with a user base of over 1.6 million customers. Rarible stands out for its user-friendly interface, making it remarkably easy for users. The platform charges a 1% fee on transactions for buyers and sellers while enabling creators to set royalty rates of up to 50%.
Read more: Rarible Review – Full Overview of Rarible NFT Marketplace
SuperRare
Since its launch in 2018, SuperRare has established itself as a renowned invitation-only NFT marketplace catering to aspiring digital artists and fine-art collectors. On SuperRare, during a secondary sale, the original owner receives a 10% royalty, the collector gets 90% of the sale, and a 3% fee is charged to the buyer.
Read more: SuperRare 2023: Full Overview of SuperRare NFT Marketplace
Magic Eden
Magic Eden is the leading NFT marketplace on Solana. With over 22 million monthly active users, this platform facilitates trading volumes surpassing 1.9 billion dollars. Moreover, Magic Eden hosts a collection of over 8000 NFT collections. What sets it apart from its competitors is its transaction fee of just 2%, making it an affordable choice for users.
The world of digital art has, indeed, seen a metamorphosis, with NFT royalties taking center stage. From the roaring halls of OpenSea to the clandestine allure of Blur, from the bustling bazaar of Rarible to the VIP realms of SuperRare, and finally, the enchanting Eden of Magic Eden – each platform offers a unique melody in the symphony of NFT royalties. So, take your pick, dear hodlers, and let your creations echo through the corridors of the blockchain, leaving a trail of royalties in your wake.
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