When we first launched MakersPlace, one of our primary goals was to build the easiest-to-use platform for artists to create and sell rare digital art. As you’re aware, creating and selling rare digital artworks requires interaction with a blockchain system. However, working with a blockchain requires a number of technical hurdles to overcome, which include: managing digital wallets and managing “gas fees” associated with the blockchain. We are constantly working towards improving these processes on our site and providing our creators with the most seamless experience possible.
What are Gas Fees?
MakersPlace runs on the Ethereum blockchain, which can be thought of as a global computer, operated by many individual computers across the world. To help run the blockchain, each interaction with it requires a small transaction fee to compensate the operators of Ethereum — This is the Gas Fee.
When the Ethereum blockchain gets busy, the transaction fee increases based on supply and demand.
You can find all the fees that MakersPlace has paid in your account manager.
A required price to pay
Although MakersPlace is entirely free to use for creators, each action that engages with the blockchain is something that will cost you to perform. This includes:
- Minting an artwork
- Sending an artwork
- Submitting a bid with an ETH wallet
- Setting, or changing the price of an artwork
- Burning an artwork (sending to our burn wallet)
The scale of these payments varies, with some being more costly than others. It is important to note that MakersPlace does not pay for any of these fees, nor do any of these fees go to MakersPlace.
It’s important to note that, even after paying gas to complete a transaction, it can still take a few minutes to process on the blockchain.
Our New Smart Contract
After many conversations and receiving feedback from the community, we’re excited to introduce a number of new features to help increase autonomy for artists, while managing gas fees in a sustainable manor. With our new smart contract, gas fees for these most popular actions will be significantly decreased.
Learn more about updates to our smart contract right here.
How To: Pay Gas To Publish an Artwork
Paying gas to publish/mint an artwork is easy. Follow the steps below to get your artwork live.
- In your creator account, go to Upload Creation in the top right corner of your browser
- After you have carefully reviewed all details on the creation upload page hit “Publish.” (Remember once you publish your work on the blockchain, the only way to make changes is by burning and re-publishing. You can always save your upload and come back later to be sure all details are correct.)
- Once you hit publish, you will be redirected to the creation page and a pop-up with an option to pay gas will automatically appear. You can pay this gas fee with either your ETH wallet or credit card.
- If paying with ETH wallet, make sure your wallet extension is downloaded on your browser, you are logged into the correct wallet, it is connected, and that you have enough funds to cover the gas fee.
- If paying with a credit card, you will be asked to input your credit card info or if you have made purchases on MakersPlace already with that card, the information will be saved and pulled up automatically.
- If for any reason you want to pay the gas fee and mint your artwork at a later time, you can return to the page by going to Manage Store and clicking on the specific creation. The option to pay your gas fee should pop up automatically.
- If for any reason you do not see a pop up, you can also click on the “Complete Payment to Publish Creation”
Exploring Additional Options
Since starting MakersPlace almost 3 years ago, we’ve been blown away by the increasing excitement to create and collect rare digital art. We understand that there have been difficult times as our platform adapts to a highly congested blockchain – Thank you for your patience and feedback during this time, and for being part of our community!
Get in Touch
If you’re a digital creator, you can learn more about MakersPlace here.
Ready to start your rare digital art collection? Join here.