Platform

After the NFT project is offered for sale, you can buy or sell it in the NFT marketplace. The are some NFT market platforms as follow:

OpenSea: https://opensea.io/

Looksrare: https://looksrare.org/

X2Y2: https://x2y2.io/

How to identify fake projects in market?

There are many fake programs on the market that use very similar names and even fake Verification badges in their profile picture. If you are looking at a popular project and you find it with a low traffic, pay more attention to it!

Transaction Fee

OpenSea: 2.5%

Looksrare: 2%

X2Y2: 2%

Project Royalty: Varies by project, usually around 7.5%

eg. When you buy a NFT on Opensea, the price of it is 0.3 ETH and the gas fee is 0.02 ETH. You need to pay 0.32 ETH. When you sell a NFT on Opensea, the price of it is 0.4 ETH and the transaction rate is 2.5%, and royalty is 7.5%. You can actually get 0.4(1-2.5%-7.5%)=0.36 ETH* after it successfully sell.