Flowty Marketplace Fees Are Changing

The Dapper Wallet Fee is GONE! Flowty marketplace fees are now a flat 2% on ALL listings

To our wonderful and loyal Flowty users:

We have received word that Dapper Labs is temporarily waiving their Dapper Wallet Fee - thank you to our friends at Dapper!

As a reminder, the Dapper Wallet Fee is a fee assessed and collected by Dapper Labs on all Dapper Balance secondary transactions.

The fee is calculated as the greater of:

• 1% of Purchase Price, OR

• $0.44

In other words, on a $1 Dapper Balance sale on Flowty, users have historically paid a 44 cent fee to Dapper Labs.

Given the 44 cent minimum, the fee was most impactful on lower-value listings and sales, as we outlined as part of our marketplace launch:

Starting now, Flowty users can list and sell lower-cost moments without having to worry about the Dapper Wallet Fee. There is no longer a 44 cent minimum Dapper Wallet Fee.

With Dapper suspending their Dapper Wallet Fee, we have made the decision to increase Flowty’s marketplace fee to 2%, which will allow us to continue providing you with the highest quality service while maintaining the same (or better) overall fee rate on Dapper Balance transactions to which you're accustomed. Importantly, the total fee on ALL Dapper Balance transactions (of any size) will be less than or equal to the total fee assessed before the change in fee structure.

Here are some examples of Dapper Balance sales at a variety of price points and their fees before and after the fee structure change:

If you have any questions or concerns, please feel free to reach out via Twitter or Discord.

Visit us at flowty.io to check out our new fee structure!

Summary

• Dapper Wallet Fee waived until further notice

• Flowty’s secondary marketplace fee is now a flat 2% fee on ALL listings