How Much Does it Cost to Sell an NFT?

NFTs are digital assets that can be traded on the blockchain. Some of the most popular NFTs are Cryptokitties, CryptoPunks, and Decentraland. 

The price of an NFT is determined by a number of factors such as the rarity of the item and demand for it. Whereas, the cost of selling depends on a handful of unique factors.

Cost Of Selling An NFT 

The cost to sell an NFT is based on the type of token and the platform it is being sold from. It will also vary depending on how much a person wants to sell their token for, and what type of token it is.

The price for a collectible NFT that has a low market cap for instance may be more expensive than one with a high market cap, which means there may be fewer buyers willing to purchase it.

High Fees Involved In Selling An NFT

The fees for selling an NFT are high because there is a lot of overhead. Fees are charged by the game developer, the marketplace, and the platform provider.

To start with, there is a fee charged by the game developer when you sell an NFT. This fee may vary depending on how much work was done to create it and how much they want to charge for it. There is also a fee charged by the marketplace where you sell your NFTs. They take around 10% of your earnings from selling your items in their marketplace. 

The final fee is charged by the platform provider who will take around 30% of your earnings from selling an NFT in their marketplace. The percentage value varies from one marketplace to another.

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