Owning a NFT Marketplace

Current Landscape for Creators and the solution Xircus offers

1. Listing on Third-party Marketplaces such as Opensea, Rarible, Foundation, etc.

Costly: The associated listing and commission fees are expensive, often leading to reduced earnings for creators.

Limited Control: Marketplaces dictate terms, limiting an artist's control over pricing, visibility, and customization.

Lack of Networking: Once NFTs are listed, creators can't actively promote themselves without incurring additional costs or easily connect with other sellers.

Royalty Fees: Typically, marketplaces allow up to 10% royalty fee for creators.

Commission: Many NFT marketplaces charge up to 35% on initial sales.

2. Creating a Custom NFT Marketplace

Capital Intensive: Building a custom marketplace is akin to creating a blockchain network from scratch, demanding significant capital.

Time Consuming: Developing a unique marketplace is labor-intensive, requiring several months of work by specialized professionals.

The Xircus Web3 Protocol Advantage

Xircus addresses many of the limitations found in traditional NFT selling methods, offering several advantages to dapp creators:

Greater Royalty Rates: Xircus allows creators to receive up to 15% in royalty fees. Moreover, collectors can earn 1% redistributed royalty shares after the third sale.

Lower Transaction Fees with Benefits: Not only does Xircus eliminate commission fees, but it also levies minimal transaction costs between 1% and 5% based on dApp owners decision. Importantly, these fees are automatically redistributed among various stakeholders. This ensures that key contributors like ambassadors of your dapp, data providers, and DAO members are fairly compensated for their efforts and contributions.

Simplified Creation: With the Xircus Web3 Protocol, the daunting task of creating a custom NFT marketplace is streamlined, saving both time and money. Build your dApp in minutes!