An NFT Marketplace like OpenSea provides multiple opportunities to generate revenue. If you are the ones who have much interest in entering the NFT sector with an NFT marketplace, picking the OpenSea Clone would be the best-ever choice. This is because it comes with various perks as it holds basic features and with the infusion of various revenue-generating streams alongside operating on the blockchain network. Let’s now have a glance at a few of the common revenue-generating ways of the OpenSea Clone.
Listing Fees
Since the NFT marketplace like OpenSea provides options for listing digital assets and collectibles, the platform owner could incur charges as a listing fee. Whenever digital artists list their digital assets, they have to pay for them. The percentage of listing fees would be set by the platform owner.
Minting Fees
Another prominent revenue model is minting fees. In this, the users who want to convert their assets into non-fungible tokens would be charged. For instance, OpenSea like NFT marketplace charges 2.5%.
Transaction Fees
Whenever the transaction of non-fungible tokens happens on the NFT trading platform, the users would be levied a certain percentage of transaction fees or gas fees.
Initial Setup Fees
A minimal initial setup fee will be incurred for the ones who are listing their first digital collectibles on the platform.
To Conclude,
You, as a platform owner and entrepreneur, could come up with multiple revenue models in accordance with the functionalities of the NFT marketplace like OpenSea.