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

NFT market Rarible announced that starting at 9:00 am Eastern Time on October 27th, Rarible.com will adopt a new decreasing fee structure to replace the current fixed commission, and can choose to completely waive platform fees. The new fee structure is based on the US dollar price of the NFT being traded at the time of sale, as follows: above $4,000: 0.5% for each party (buyer and seller); $2,000-$4,000: 1% for each party; $400-$2,000: 2.5% for each party; $100-$400: 5% for each party; $0-$100: 7.5% for each party.