Understanding Network & Other Fees

What is the network fee (gas)?

Sending transactions on blockchain networks requires a small amount of the blockchains native currency (Ethereum's native currency is ETH and Polygons is MATIC) much like your credit card or bank sometimes has a processing fee.

This network fee is called "gas" and it is the live cost for your transaction to be processed efficiently on-chain. This fee is dictated by the current demand that the network is experiencing to process the queue of transactions made by all of it's participants.

What if I don't have enough to pay for gas?

If you do not have enough of a blockchains native currency to pay for a transaction, you will not be able to proceed and will first need to fund your wallet with more of the blockchains native currency.

Transactions Requiring Gas

The following transactions require a small amount of a networks native currency to be processed on-chain:

• Sending cryptocurrency funds

• Sending Royalty Tokens

• Sending NFT collectibles

• Buying NFT collectibles

• Listing NFT collectibles for sale

• 3rd-party interactions with DeFi platforms (such as staking or swapping funds)

If using Polygon, majority of transactions do not exceed $0.01 worth of MATIC, as it is a highly scalable blockchain network. Read more about it here.

Other Fees & Charges

The following fees are also charged when receiving Royalty Payments or withdrawing your funds to your bank account.

Fees for royalty payments

Protocol fee: Paid to Original Works Protocol for the associated gas & data costs incurred for royalty payment related transaction.

Processing fee: Paid to the payment provider to cover ongoing maintenance and support of their node to provide timely reconciliation on-chain.

Fees for Withdraws

Service fee: Paid to Revelator to cover costs associated with off-ramping and moving money to your bank account.