Every transaction includes the following:
- Service Fees
- Royalty Share
- Remained Revenue
When you trade NFT with other users on OurSong, we will charge the buyer/seller a service fee based on the transaction price. We will also allocate a portion of the transaction price to the creator(s) who issued the NFT (e.g., the user who sold the NFT for the first time) as a royalty share.
First Sale and Secondary Market Sale
First Sale
| Revenue | Service fee | |
| NFT creator (seller) |
87.5% (Royalty shared within creators based on Remix Revenue Split & Revenue Share settings) |
12.5% |
| Buyer | - | 2.5% |
Secondary Market Sale
| Revenue | Service fee | |
| NFT creator |
10% (Royalty shared within creators based on Remix Revenue Split & Revenue Share settings) |
- |
| Buyer | - | 2.5% |
| Seller | 87.5% | 2.5% |