Rarible will adopt a new declining fee structure, with the option to eliminate platform fees entirely

Odaily News According to official news, NFT market Rarible announced that starting from 9:00 a.m. Eastern Time on October 27 (21:00 Beijing time), Rarible.com will adopt a new decreasing fee structure to replace the current fixed commission and can Choose to eliminate platform fees entirely. The new fee structure is based on the USD price of the NFT being traded at the time of sale, as follows: - $4,000+: 0.5% for each party (buyer and seller); - $2,000-$4,000: 1% for each party; - $400-$2,000 : 2.5% per square; - USD 100-400: 5% per square; - USD 0-100: 7.5% per square.