a NFT marketplace, with a focus on sustainability, aiming to make the art market work equally for both artists and collectors.
Loveada manually vets each artist that lists on the platform and wants to create a creative community around their NFT marketplace.
Loveada’s focus on sustainability has led them to using a cloud service provider that uses 100% renewable energy source.
Fees are only charged on art that sells and the NFT of the art is not minted until it sold. This means that fees are minimized and that artists need not pay transaction fees for not selling their art.
Both artists and collectors pay an equal and fixed network fee of 0.4ADA each for the transaction.
Both parties also pay a 3% platform fee. For artists this comes out of the commission they receive, for collectors it is added to the price they pay for the art.