🧲Market Place

MarketPlace for trading NFTs

Main Traction and place MarketPlace from where revenue will be generated with buying and selling of assets. Whole market gas fee will be subsidized by Nerv Treasury, and in return protocol will earn a small commission from trading of these assets, details are as follows.

1. The frontend UI is hosted on IPFS. It consists of several static HTML5 pages powered by JavaScript. The scripts on this page integrated with Nerv Chain.

2. Matcher smart contract that stores current market state and matches incoming bids from the UI against existing ask offers.

3. Escrow Bridge: The Detached account that serves as a mediator between buyers and sellers.

Important Terminology

• Maker Marketplace: The marketplace that lists the asset for sale.

• Taker Marketplace: The marketplace that completes the purchase for an asset. It is possible for a * marketplace to be both the maker and the taker marketplace.

• Asset Originator: The entity who will receive royalty fees. The asset originator does not necessarily have to be the minter themselves.

• Royalties: A royalty fee represents a percentage of secondary sales that will go to the original asset creator.

Secondary Sale Fees

Secondary sale fees refer to fees collected when assets are traded on the Nerv protocol.

Trading Fees Breakdown

Fee	Description	Current Value
Protocol Fee (coming soon)	Fee to support the ongoing development and maintenance of the Nerv ecosystem.	3% of the base sale / listing price
Maker Fee (coming soon)	Fee to support maker marketplace for providing liquidity.	x% Set by the maker marketplace when listing an asset for sale
Taker Fee (coming soon)	Fee to support taker marketplace for providing liquidity.	x% Set by the taker marketplace when purchasing an asset
Royalty Fee	Fee distributed to the asset originator when the asset is sold.	x% Set at the time of minting by the asset originator.

Example Breakdown

Base price: 100 ETH

Sale / listing price: 100 + 0.5 + 3 + 3 = 106.5 ETH (what’s shown on the marketplace)

• Royalty: .5% = 0.5 ETH

• Marketplace: 3% = 3 ETH on Nerv marketplace

  • Maker MP: 1.5

  • Taker MP: 1.5

• Protocol: 3% = 3 ETH

  • Protocol Development: 2

  • NRV token reward pool: 1

Distributions

Nerv will pay out these fees immediately after each transaction is confirmed. This means that each party hoping to collect fees must have registered an Nerv account, but it also allows the settlement of fees to be gas-less.

Royalties

Royalty recipients

Royalty percentages for one or more recipients can be set at the time an asset is minted. Royalties will be distributed to the recipients Nerv wallets so all recipients must be registered with Nerv.