Introduction and methods

Foundation is an NFT platform that allows creators to mint their work as NFTs on the Ethereum blockchain. Foundation also offers an NFT exchange allowing creators to sell their work.

Using the Ethereum_core schema, we will compare creator and platform fees on Foundation vs. other NFT platforms over the past three months in order to see if one platform is better for creators than others.

In this case, I have taken into account similar type of transactions and I have splitted them between Foundation transactions and "Other platform transactions" in order to compare Foundation against others.

Results

In average, the Foundation platform charge a fee of 0.065 ETH, while the rest of the platforms have an average of 0.052 ETH. Then, in terms of fees platform, we could say that the Foundation have higher fees than normal.

In terms of fees for creators, Foundation has an average fee of 0.475 while the rest of the platform has an average fee of 0.2333. Again, the Foundation fees for creators are higher than others.

This final chart shows both metrics in one, showing the higher values of Foundation against other platforms.

Conclusion

In this dashboard we have observed that the Foundation fees are so high, basically in comparison with the rest of the NFT platforms. Then, our assumption is that the platform is not better for creators because of the fees are higher than in the rest of the platforms in average.