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NEAR NFT marketplace fees and how listing works

On the nearswaps NFT Marketplace, listing an NFT is an approval, not a transfer: the NFT stays in your wallet until someone buys it. A sale moves the NFT to the buyer and pays the seller, the creator royalty and a 2.5% market fee in the same transaction. Each listing holds 0.01 NEAR for storage, returned when it closes.

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The fees on one sale

10 NEAR sale, 5% royaltyAmount
Market fee (2.5%)0.25 NEAR
Creator royalty (5%)0.50 NEAR
Seller receives9.25 NEAR

The page shows this breakdown before every click, worked out from the market's fee and the NFT contract's own royalty table.

How listing works

  1. List: one approval gives the market contract permission to transfer that one NFT at your price (0.1 to 1,000,000 NEAR). Each listing holds 0.01 NEAR for storage, returned when the listing closes.
  2. Change the price or delist any time, with one approval each. Delisting also takes the approval back.
  3. Sale: the buyer pays; in one transaction the NFT moves from you to the buyer and the NEAR is split between you, the royalty accounts and the market fee.

Royalties

Royalties are always paid, using the NFT contract's own payout table (NEP-199). The market checks the table first: at most 10 accounts, nothing to the market, the total within the price, and the seller keeps at least the fee. A table that fails these checks is ignored for that sale and the seller gets the price minus the fee. Examples from the collections confirmed for the shared market contract: Cosmic Kats 2%, NEAR Tinker Union 8%, Jolly Crates 10%, Shitzu Revival 6%. The nearswaps NFT Marketplace shows these four collections.

What protects buyers and sellers

  • The market never holds an NFT.
  • NEAR leaves only to the buyer (any excess, or a full refund if the NFT did not move), the seller, the royalty accounts and the fee wallet.
  • A listing being bought is frozen until the sale settles, so it can't be paid twice.
  • A listing whose seller no longer owns the NFT, or whose approval changed, is hidden.
  • Pausing the market stops listing and buying, never delisting.

Status on 20 October 2026: the market contract is not deployed yet, so the NFT Marketplace only browses collections; buying and listing open once it is.

Questions people ask

Do I pay royalties when I sell an NFT on NEAR?

Yes, when the collection sets them: the creator's share comes out of the sale price, alongside the 2.5% market fee. The page shows what you will receive before you list.

Does the market hold my NFT while it is listed?

No. Listing is only an approval. The NFT stays in your wallet until a sale moves it straight to the buyer.

How do I delist an NFT?

Press Delist and approve. The listing is removed and the approval taken back. Delisting works even while the market is paused.

What is the 0.01 NEAR storage deposit?

It pays for storing a listing on the market contract. Each listing holds 0.01 NEAR, returned when the listing closes (sold or delisted); unused deposit can be withdrawn.

What is the minimum price for an NFT listing?

0.1 NEAR, and at most 1,000,000 NEAR.