Here is a summary of fees to take note of as you list assets for sale on NFT.io:
1. Listing Price
Listing price is the amount you set when you decide to sell on the marketplace. This is not a fee but the price you hope to receive from a potential buyer. It's important to consider how fees may impact your overall earnings from the sale while deciding your listing price.
2. Creator's Royalty
This fee is paid to the original creator each time the asset is resold. It's a way of ensuring that creators/artists continue to earn from their work even after the initial sale. The percentage for the royalty fee is set by the creator at the time of minting the NFT and can vary. On NFT.io, the minimum royalty is 0.1%, with the maximum allowed to be set up to 50%
3. Network Fee
A fixed network fee of 2.5% is applied to all checkouts. This fee is charged by the network and is used for price discovery and ensuring liquidity for NFT trading.
In the example below, the listing price is 1000 ENJ, the creator's royalty (10%) is 100 ENJ and the network fee (2.5%) is 25 ENJ. After these fees, the final earning from this sale would be 875 ENJ.