The hidden fees of selling crypto art or NFTs — explained
A crypto art piece sold for nearly $70 million on Thursday. NFT buyers say the process can be confusing and include multiple levels of hidden fees. Over the past few months, digital assets known as non-fungible tokens, or NFTs, have picked up steam as celebrities, artists, and investors generated millions of dollars selling them. But NFT investing is a largely uncharted territory, and while some NFT sellers have made millions of dollars, others have not been so lucky. The process also can include large fees that first-time sellers might not be aware of, which can significantly cut into profit...