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to see how this plays out and whether volume will start spreading across different marketplaces.<br />
Thoughts regarding marketplace royalties cont: obviously the most dominant marketplace with the largest impact<br />
is<br />
@MagicEden- from my understanding they’ve always responded in an agile and strategic manner with the community<br />
in mind my belief is that they will respond.<br />
Thoughts regarding marketplace royalties cont: personally, i believe that marketplaces do offer an important<br />
service and taking a fee for said product and service is perfectly fine if there was an adjustment to be made, i<br />
believe a tiered marketplace fee makes sense<br />
Tiered marketplace fee discussion: marketplace fees could be tiered by either volume or time by volume i mean:<br />
up to 50K total volume could be X% marketplace fees 50 - 100K total volume could be Y% marketplace fees all<br />
volume over 250K could be Z% marketplace fees<br />
Tiered marketplace fee discussion cont: by time i mean the first 2 weeks of trading we’ll take X% marketplace<br />
fees the next 3 months of trading we’ll take Y% marketplace fees from beyond 3 months onwards we’ll take Z%<br />
marketplace fees<br />
Tiered marketplace fee discussion cont: maybe marketplaces can float this as an option to projects and they can<br />
choose which tiering they’d like to pursue if they want to proceed with listings on that particular marketplace<br />
Overall comments: it’s healthy to have these discussions around fair fee pricing for both marketplaces, projects<br />
+ their communities & traders. competition is important for the development of the space. % of creator royalty<br />
fees should be as is - determined by creators.<br />
96<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>65</strong>
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