When you sell an NFT, the money from the sale typically goes to the creator or owner of the NFT. The exact distribution of funds depends on a variety of factors, including the specific platform or marketplace where the NFT was sold, and any fees or commissions that may be associated with the sale.
In general, when you sell an NFT, the funds from the sale are credited to your account on the platform or marketplace where the sale took place. From there, you can typically withdraw the funds to your bank account, cryptocurrency wallet, or other payment method of your choosing.
It’s important to note that some platforms and marketplaces may take a percentage of the sale as a fee or commission for their services. This can vary widely depending on the platform or marketplace, but typically ranges from a few percent to a much higher percentage of the total sale price.
In addition to platform and marketplace fees, you may also be subject to taxes on the sale of your NFT, depending on the laws in your jurisdiction. It’s important to consult with a tax professional to determine your tax obligations and ensure that you are in compliance with all relevant laws and regulations.
In conclusion, when you sell an NFT, the money from the sale typically goes to the creator or owner of the NFT, less any fees or commissions associated with the sale. It’s important to be aware of all fees and taxes associated with the sale of NFTs and to consult with a professional if necessary to ensure that you are in compliance with all relevant laws and regulations.
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