Introducing Our Updated Mint Fee Structure

Effective Date: March 3, 2025, at 3:00 PM PST

Announcing some important changes to our mint fee process that further standardize our fee structure for all new contract deployments. We are introducing a 1% protocol fee applied to all contracts, and adjusting the convenience fee to 1.5% from previous 2.5%.

We believe this change strikes the right balance between a standardized protocol fee and the flexibility for custom fee settings, making fee management easier and more transparent for everyone.

Please note this change does not effect already deployed contracts.

What’s Changing?

• Fixed protocol fee:
  All new deployments now include a non-overridable 1% protocol fee. This fee is implemented into the contract and will always apply if deployed through SDK, dashboard, or third-party integrations. For example, an asset listed at 0.1 ETH will distribute 0.099 ETH to the seller and 0.001 ETH to the platform.
• Convenience Fee:
  When deploying via dashboard, the fee includes a 1.5% convenience fee or 2.5% total (1% protocol fee plus an additional 1.5%). For example, an asset listed at 0.1 ETH will distribute 0.0975 ETH to the seller and 0.0025 ETH to the platform.
• Custom Fee Configuration:
  You can still set your own platform fee during deployment or later via our platform. The process works exactly as before, with the custom fee now being applied in addition to the fixed thirdweb fee.

Why the Change?

This adjustment helps support continued development and maintenance of prebuilt smart contracts, ensuring reliability, security, and innovation for the ecosystem.

For any questions or further details, please reach out to our support team.

FAQs

• Which prebuilt contracts will have included fees?
  • The following contracts and corresponding modular versions will now include a seller fee:
    • Drop Contracts: DropERC20, DropERC721, DropERC1155, OpenEdition
    • Token Contracts: TokenERC20, TokenERC721, TokenERC1155
    • Specialized Contracts: LoyaltyCard, BurnToClaim, MarketplaceV3
• I deployed a contract prior to the effective date, will these fees apply to me?
  • This fee is only applied to any contracts deployed after 3:00 pm PST on March 3, 2025