What are the Revenue Models of the NFT Marketplace Script?
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Here are a few revenue models that NFT startups can incorporate into their operations. Starting an NFT marketplace with an NFT marketplace script can help your startup earn more profit in the following ways.
Listing Fees
The digital content creator lists every NFT that is featured on the platforms (i.e Seller). As a result, listing on the marketplace is subject to certain fees set by the platform. Every Content Creator who lists their NFTs on the platform pays the platform owner's listing fees.
Transaction Fees
When NFTs are sold, both the buyer and seller must pay transaction fees to the platform. The transaction fees are determined by the gas fees of the blockchain on which the platform operates.
Minting Fees
The NFT Marketplace enables content creators to convert their digital assets to NFTs by minting them on the platform. Digital content creators can do this by paying a small number of minting fees to the platform.
Hope this information helped you learn about NFT Marketplace's profitable revenue model! You, too, can set up an NFT marketplace, set your own fees, and invite your community and followers to join you in uploading NFTs. Trioangle is a leading NFT Marketplace Development Company in India that offers high-quality NFT marketplace website and app development services to businesses of all sizes in industries such as E-learning, Real Estate, Gaming, Finance, and others.