What are gas fees?

Gas fees refer to the fees that users pay for the use of a blockchain network to validate a transaction or operation. These fees are crucial for the efficient functioning of the blockchain network and serve as incentives for miners or validators to process transactions quickly and accurately.


On the primary market, gas fees are incurred when

  • An End User wins the auction and pays in Tezos - gas fees paid by the End User.

  • A token is minted - gas fees paid by the Issuer Batch Minter wallet.

On the secondary market, gas fees are incurred when:

  • An End User creates a listing in Tezos - gas fees paid by the End User.

  • An End User places an auction in Tezos - gas fees paid by the End User.

  • An End User wins the auction and pays in Tezos - gas fees paid by the End User.

  • An auction is claimed - gas fees paid by the Issuer Batch Minter wallet.

What are management fees?

What are management fees?

Management fees refer to the fees paid by users to platform owners for the use of their services and are common in both primary and secondary markets.

These fees can be customized based on the plan chosen by the platform owners, and can include a percentage of the transaction as well as charges incurred by third-party service providers. These fees play a crucial role in the functioning of the platform, enabling owners to sustain and improve their services while providing users with reliable and efficient solutions. It is important for users to understand the fee structure of a platform in order to make informed decisions and minimize costs associated with their transactions on the platform.

For instance, let's consider a custom NFT marketplace where a marketplace owner lists an NFT for sale, and the platform charges a 2% fee on the final transaction value. Those 2% of management fees are composed of 1% for Eniblock, 1% for the marketplace owner.

If a user buy the listed NFTS with a price of 10€, the user will paid 10,2€

  • 0.2€ of Management Fees

    • 0.1 € for the marketplace owner

    • 0.1 € for Eniblock

  • 10 € of sales revenue for the marketplace owner and

Similarly, if the user places an auction in XTZ or any other fiat currency.

What are NFT Royalties?

Royalties, in general, refer to a commission paid to the original creator of a literary or artistic work by the person or entity who is utilizing or exploiting that work.

In the context of Web3 Marketplace, NFT royalties refer to the commission or percentage of the sale received by the creator of an NFT each time it is sold on the secondary market. The creator is the natural or legal person who has created an NFT representing an underlying asset they own.

Let's consider a custom NFT marketplace where an End User sells a NFT with of an Artistic Art on the secondary market with 2% Manegement fees (1% for Eniblock, 1% for the owner of marketplace) and 10% royalties for the Author or the art. If an another End User wins a 10€ auction, he will pay 10,2€ + gas fees XTZ:

  • 0.2€ of Management Fees

    • 0.1 € for the marketplace owner

    • 0.1 € for Eniblock

  • 1€ to the royalties beneficiaries, the Author of the art

  • 9€ to the Enduser Seller

  • The gas fees amount in XTZ , that will be set when the auction ends