What is Foundation’s marketplace fee?
5% for all sales on the primary and secondary market.
For Drops, it's 15% for all sales on the primary market. Secondary sales on the Foundation marketplace have a 5% fee, which is the same for all NFTs on Foundation.
What does the marketplace fees go towards?
Fees go towards the development and maintenance of the marketplace.
What is a gas fee?
"Gas" refers to the mandatory fee you must pay in order to process any transaction or execute a smart contract on the Ethereum network; it's the fuel that enables the network to operate and goes directly to the miners who keep the network going every day.
Do gas fees go to Foundation?
No, gas fees do not go to Foundation.
Learn more about gas fees here.