Cryptocurrency Q&A
Why is Foundation App so popular in crypto art?
Why is Foundation App so popular in crypto art?
Silvia
Sun Dec 15 2024
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6 answers
1318
Foundation App has gained significant popularity in the crypto art world. Users are curious to understand the reasons behind its widespread adoption and what makes it stand out in the digital art landscape.
6 answers
CoinPrince
Tue Dec 17 2024
The NFT marketplace, Foundation.app, charges a fee for its services. For secondary sales, a 15% fee is imposed on the transaction amount.
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CryptoBaron
Tue Dec 17 2024
This fee structure ensures that Foundation.app remains a sustainable platform, supporting its operations and growth.
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CryptoVanguard
Tue Dec 17 2024
The combination of high creator royalties and a reasonable marketplace fee contributes to Foundation.app's popularity among digital artists and collectors.
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Valentino
Tue Dec 17 2024
Creators on Foundation.app receive a significant portion of the final sale price from auctions. Specifically, they are entitled to 85% of the proceeds.
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Lorenzo
Tue Dec 17 2024
Besides the initial sale, creators also benefit from secondary sales. They earn a 10% royalty on every subsequent transaction involving their works, which applies indefinitely.
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