Fees
Exchange Art pricing and fees disclosures
Solana Fees
| Type of Fee | Description | Amount | Who Pays? |
|---|---|---|---|
| Primary Sales Fee | Fee for the initial sale of an artwork | 5% of transaction value | Buyer |
| Secondary Sales Fee | Fee for the resale of an artwork | 2.5% of transaction value | Buyer |
| Convenience Fee for 1/1 pieces and ArtDrops | Fee for minting new artworks | 0.011 SOL | Seller |
| Convenience Fee for Editions on Demand | Fee for minting new artworks | 0.011 SOL | Buyer |
| Listing Fee | Fee for listing artworks on the platform | None | N/A |
Ethereum Fees
| Type of Fee | Description | Amount | Who Pays? |
|---|---|---|---|
| Primary Sales Fee | Fee for the initial sale of an artwork | 5% of transaction value | Buyer |
| Secondary Sales Fee | Fee for the resale of an artwork | 2.5% of transaction value | Buyer |
| Convenience Fee for 1/1 pieces | Fee for minting new artworks | 541 gwei | Seller |
| Listing Fee | Fee for listing artworks on the platform | None | N/A |
Do Sales Incur Any Fees? 💰
Starting from the 4th of July, 2023, we're introducing a slight change in our fee structure. Don't worry! We've designed it to be as fair and transparent as possible. Now, the buyer will cover transaction fees instead of the seller.
For primary sales on Solana and Ethereum - the initial sale of an artwork - there's a small fee of 5% applied to the transaction value paid by the buyer.
Likewise, for secondary sales on Solana and Ethereum - the resale of an artwork - a fee of 2.5% is added to the transaction value paid by the buyer.
A few important things to note regarding offers and auctions (on Solana):
- Offers: New fee structure applies to new offers, where the buyer pays the fees. Existing offers, made before July 4, continue with the previous fee structure until the offer expires or is canceled.
- Auctions: The new fee structure applies to new auctions, where again, the buyer pays the fees. Existing auctions continue under the previous fee structure until they conclude.
We've worked hard to ensure the updated system operates smoothly. But, as always, we'll be on standby to quickly address any potential issues.
What are Convenience Fees? 🎫
In addition to sales fees, we charge a small convenience fee for the minting of new artworks, including 1/1 pieces, editions, and ArtDrops. This fee is covered by the party responsible for the minting process.
On Solana, the convenience fee is 0.011 SOL. On Ethereum, it is 541 gwei.
For 1/1 pieces on both blockchains and ArtDrops (on Solana), the seller covers the convenience fee. However, for minting editions on demand on Solana, the buyer pays the convenience fee.
These fees help us maintain and continue improving our platform, and offer excellent services to our beloved art community.
Do you charge any Listing Fees? 📃
Good news! We do not charge any listing fees on either blockchain. Feel free to list your artworks without worrying about any additional costs. Our goal is to provide a platform that encourages the sharing and discovery of art, without placing a financial burden on you. We're all about celebrating art and artists!
Updated on: 01/08/2023
Thank you!