Cryptocurrency Q&A
What are SuperRare marketplace fees?
What are SuperRare marketplace fees?
BonsaiVitality
Thu Jul 25 2024
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7 answers
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Can you tell me about the marketplace fees associated with SuperRare? Are they competitive compared to other digital art marketplaces? How do these fees impact the artist and buyer alike? Is there a way to minimize or avoid these fees while still participating in the platform? Lastly, are there any hidden costs or additional fees that buyers and sellers should be aware of when using SuperRare?
7 answers
Giulia
Fri Jul 26 2024
The artist gallery commissions extend beyond primary sales. On secondary sales, all creators receive a 10% royalty. This royalty ensures that artists continue to benefit from the resale of their works, even after the initial sale.
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Eleonora
Fri Jul 26 2024
SuperRare, a platform catering to the digital art market, incorporates fees into its sales process. The marketplace fee structure ensures a smooth transaction flow for both buyers and artists.
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Bianca
Fri Jul 26 2024
The integration of these fees into the SuperRare marketplace fosters a sustainable ecosystem for digital art. The 3% transaction fee for buyers ensures a smooth transaction process, while the artist gallery commissions and royalties incentivize artists to create and sell their works on the platform.
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Lorenzo
Fri Jul 26 2024
Specifically, when a buyer makes a purchase on SuperRare, they are subject to a 3% transaction fee. This fee is levied on all purchases, ensuring the platform maintains its operational efficiency.
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CryptoLegend
Fri Jul 26 2024
Moreover, SuperRare's approach to fees aligns with the broader cryptocurrency and finance industry. The platform recognizes the importance of balancing the needs of buyers, artists, and the platform itself, ensuring a mutually beneficial relationship.
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