Sorare Introduces Market Fee to NFTs

The market only applies to MLB, and NBA NFTs and this approach will keep the team members going.

Nov 6, 2022
by Michael
Sorare Introduces Market Fee to NFTs
News

The Market Fee will be Effective from Monday

The top card-trading sports game Sorare has added a market fee seller on the Manager Sales Marketplace. This will include all taxes, including VAT. The Marketplace is an avenue for players to get acquainted with the team. In addition, you can customize your team using two different areas, like the new card auctions and manager sales. Manager sales allow users to purchase players from other managers and line them up.

On November 7th, sellers on the Marketplace will see a 5% fee that includes taxes and VAT. The fee will be reflected on all transactions on MLB and NBA cards. The fee is applicable for cards sold on the Manager Sales Marketplace and Direct Offers, including ETH, Ethereum's currency. 

For example, those who listed a card and sold it for $100 will get $95. Sorare covered all the fees but will not do so for NBA and MLB.

Reason for the Market Fee

Market fees in the blockchain gaming industry are standard, and Sorare will continue to ensure its activities create the overall experience for Sorare Managers. The fee is coming when the bear market has made things unbearable for people, including developers.

The fees are needed to keep the NFT platform team members going. Sorare may also be considering the possibility of including a fee for Sorare: Football. Hence it is starting with MLB and NBA.

Sorare: NBA is a fantasy card-trading game based on NBA players. Players can collect officially licensed NBA player NFT cards to build a lineup. They can also enter into competitions to win ETH or cars.

Solana: MLB is a card game based on Major League Baseball where users can collect baseball players using NFT cards of different rarities.

Disclaimer: The information provided on this page do not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Individuals should do their own research before taking any actions related to the product they read about and carry full responsibility for their decisions.
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