Great question! I can shed some light on how NFT marketplaces make money. Think of NFT marketplaces as the digital art world's auction houses. They typically generate revenue through various avenues:
Listing Fees:Artists or creators pay a fee to list their NFTs on the platform. This is how they get their creations in front of potential buyers.
Transaction Fees:NFT marketplaces charge a percentage of the final sale price when an NFT changes hands. This is often a significant source of income for them.
Minting Fees: When artists create NFTs, they pay a fee to mint them on the platform. This covers the cost of registering the digital art on the blockchain.
Secondary Sales:Many marketplaces, like OpenSea, charge a percentage fee for secondary sales. So, when someone resells an NFT, the platform gets a cut.
Premium Features: Some platforms offer premium features, like promoting NFTs or featuring them on the front page, for an additional fee.
As for Bitdeal, they're a leadingNFT Marketplace development company. They provide the technology and infrastructure to set up and run NFT marketplaces, often custom-tailored to suit specific needs. Hope this helps!