SAVAGE: The Lowest Fees & Most Competitive Creator Payout Across All NFT Platforms
There are 455M professional and everyday creators today monetizing their content — on everyday creative networks like YouTube, on legacy stock media platforms like Shutterstock and Getty Images, on NFT platforms like SuperRare and OpenSea, and across professional platforms like Vimeo.
Among all of these other creator media platforms, SAVAGE offers the most competitive marketplace with the lowest fees and highest payouts, allowing creators of all types to easily, fairly, and ethically monetize their content.
The biggest problem creators experience in monetizing their content using these platforms are the high fees and comparatively much lower creator payouts — these fees can be a mix of service fees to the platforms, or gas fees due to the blockchain network on which the NFT platform is running.
On NFT platforms like OpenSea, gas fees using Ethereum can often be in excess of $100 per transaction, and that’s before taking into account service fees OpenSea charges as a platform (2.5% compared to 2% at SAVAGE).
Fees on the NFT marketplace Foundation are much higher at 15% service fees for private sales, 10% of which are for royalties. Still, that is small compared to the fees many professional content creators — photographers and videographers — forfeit to stock media platforms such as Shutterstock, for which payouts to creators range from 15% to 40% max. For other leading legacy stock media platforms like Getty Images, the payout range is not much better at 25–40%.
In contrast, SAVAGE offers 98% creator payouts and only charges flat $10 minting fees which makes the marketplace accessible to all types of creators. SAVAGE aims to be well-positioned to meet the growing demand for fair and ethical compensation in the creator economy and to disrupt the legacy media industry while allowing creators to own and retain the rights to their content and receive the best-in-class user experience.
Creator payouts of 98% are truly an industry first. Even the top creators in years past have had to settle for sometimes as low as 30% payouts for their work. We at SAVAGE are proud to lead this charge of fair compensation for creators and meet the needs of the growing creator economy.
Moreover, since SAVAGE is built on Polygon’s proof of stake protocol, gas fees for transactions are much lower than they would be on OpenSea on Ethereum. Since Polygon is EVM compatible, it allows SAVAGE to bridge to ETH 2.0 when it’s ready.
SAVAGE has worked to make sure the content creators we serve are not only getting the highest payouts and lowest fees, but also are still connected to legacy buyers who have easy access points to crypto by being able to pay for NFTs with a credit card via Stripe.
Stay tuned for more highlights!
Follow us on our socials for future developments: