What are gas fees?

Gas fees are the cost of interacting with the Ethereum blockchain. Gas fees are not set or collected by Foundation. Wait for your NFT to be minted - you can navigate away from the NFT page while this finishes. Minting complete - this indicates that the minting transaction has settled on the blockchain and your NFT is now minted.

Does Foundation pay for gas?

Gas is unrelated to Foundation marketplace fee and is not in any way controlled by Foundation -- it cannot be refunded, reimbursed, nor discounted. Deploying a smart contract, minting an NFT, listing an NFT for auction, bidding in an auction, and settling an auction all happen on-chain and will require a gas fee to complete.

What is a gas fee in Ethereum?

Fees go towards the development and maintenance of the marketplace. What is a gas fee? "Gas" refers to the mandatory fee you must pay in order to process any transaction or execute a smart contract on the Ethereum network; it's the fuel that enables the network to operate and goes directly to the miners who keep the network going every day.

What is Foundation marketplace fee?

What is Foundation’s marketplace fee? 5% for all sales on the primary and secondary market. For Drops, it's 15% for all sales on the primary market. Secondary sales on the Foundation marketplace have a 5% fee, which is the same for all NFTs on Foundation. What does the marketplace fees go towards?