MakersPlace Review

Stephen G.
Stephen G.
Last Updated on November 10, 2021

Non-fungible tokens or NFTs continue to grow and are now popular thanks to how quickly the awareness is spreading about the innovative way to design digital artwork. 

MakersPlace is the perfect platform for buyers interested in NFT art projects and sellers looking to display their works of art. MakersPlace is a place where both artists and collectors can get together and exchange goods. 

Continue reading to learn more about NFTs, selling options, fees, and other frequently asked questions concerning MakersPlace. 

What is MakersPlace?

MakersPlace is an NFT marketplace based out of San Francisco. MakersPlace works as an art gallery, and the directors are very selective about the artist they choose to work for them. To participate on this platform is invite-only, with only a few new artists added each month. 

Classical woman statue wearing glasses for modern NFT art

After being accepted, artists can mint non-fungible tokens (NFTs). NFTs are unique digital assets that can get tracked through the use of the Ethereum blockchain. Artists can show their digital work to collectors that will buy to keep or resell in the future. 

How does MakersPlace work?

MakersPlace works by providing a space whereby artists can mint and sell their artwork. Minting describes the process of validating essential information so that your NFT effectively becomes a part of the blockchain. MakersPlace will never seize your rights to the token even though they display the digital items on their site. 

MakersPlace is a convenient medium that brings buyers and sellers together, allowing the exchange of funds for unique digital creations. Moreover, sellers can choose to list the digital tokens at a specific price if they wish, accept personal offers, or start auctions. 

Buyers have the option to use a credit card, PayPal, or Ether (ETH) to purchase NFTs. There is a 15% commission for all primary sales on MakersPlace. Additionally, there is a 2.5 percent fee charged for secondary sales as well. 

What currencies can you use on MakersPlace?

Since MakersPlace happens to be reinforced with extra protection by the Ethereum blockchain, you have to use ether as the main crypto coin to make purchases. That means you’ll have to set up a web3 wallet such as MetaMask to make transactions. 

Many NFTs are purchased via credit card or PayPal instead of cryptocurrency. A third-party affiliate called Stripe conducts these transactions.

You can view all acceptable fiat currencies by clicking the question mark (?) next to the asset price. If an artist accepts different forms of payment, it is listed in this section. 

What types of NFTs can you buy on MakersPlace?

Even though artists may not work exclusively on this platform, all artwork is 100% unique and authentic. There are many crypto-collectibles available like:

MakersPlace featured page

Images. This category consists of still images, graphics, and photographs, which are the most popular kind of NFTs. 

3D art. These can appear as digital sculptures that seem to be moving as you scroll the category. By changing the viewpoint of the mouse, you can look at the object from different angles. 

Videos. This section consists of videos, short clips, animated clips, and background music. 

At MakersPlace, you can search through all the NFTs by popularity, price, creators, or status. 

How do you buy an NFT on MakersPlace?

Before buying an NFT, you must first register on the site. You can do so through your email address, or you can connect via Facebook or Civic.

To finish creating your account, follow the steps below:

  1. First, connect your crypto wallet, such as MetaMask, to MakersPlace. Next, you have to acquire ETH. If you do not already have ETH, you can buy it from a site such as Binance, CoinBase, Swyftx, or any cryptocurrency exchange in your area. 
  2. If you choose to make purchases with a credit card or PayPal, you must still have a digital wallet. You will use it to store all of your digital art and cover your gas fees for every transaction.
  3. Next, search to find the NFT that most interests you and make an offer or decide to buy it immediately through the “Buy Now” option.
  4. Now begin the transaction, and if you’re using a card, it may take some time to complete. The extra time is for validation to prevent fraudulent behavior. 
  5. Be sure that you have bought enough ETH to cover all fees involved in the buying process. 

Do you need to store your NFTs? How do you do so?

Sellers will keep the NFT in their crypto wallet until someone purchases it. The NFT will then get transferred via a smart contract with the help of blockchain technology. You should find a trustworthy hardware wallet to keep all of your collectibles safe and secure. 

Although MetaMask has formidable security features in place, it is still possible for your computer or device to get hacked, stealing your assets in the process. 

How do you sell an NFT on MakersPlace?

You must be invited to MakersPlace to sell your NFT projects on the site. You may fill out an invitation form request form and if you get accepted, follow these simple steps:

MakersPlace get started page

  1. First, mint your NFT collection on MakersPlace. Give a detailed description of your work to allow buyers to understand what they can expect from you. 
  2. Decide on the ETH price for your asset, or you can activate the option to accept offers. Remember that all prices are displayed in ether.
  3. Draw traffic to your digital art by using the help of a social media site such as Facebook or Twitter.

Selling options on MakersPlace

Remember that MakersPlace is a bit different in that you can only join through personal invitation. After you have gotten accepted to the platform, you can mint your NFT collection. Once that gets squared away, here are your three primary selling options:

Sell instantly. With this option, you’ll set the price for your digital art. Potential buyers can purchase your NFT art immediately. They’ll send the payment right away and receive the digital asset into their web3 wallet.

Offers. If you choose to wait around to see what offers you get, it’s a good way to see how much your art can go for. Buyers send their offers to you, the digital artist, and you decide whether you want to decline or accept. To select this selling option, you’ll skip the price setting and label it as “Accepting Offers.”

Timed auction. Auctions are fairly popular across NFT marketplaces. This choice allows buyers to bid on the NFT collectibles for at least ten hours. The seller also lists a reserve price. Buyers may continue to bid back and forth, and if a bid occurs in the final fifteen minutes, the timer resets to fifteen minutes until the last bid. 

MakersPlace fees

Here are the obligatory fees for the MakersPlace platform:

Creators who sell their artwork have to pay 15% in commission fees to MakersPlace for primary sales and 2.5% for secondary sales. Additionally, 2.9% is due for credit card transactions, which is paid by the buyer. If a user wants to resell an NFT through a secondary sale, they must pay a 10% commission to the digital artist. 

MakersPlace ownership

Anytime an interaction occurs on the Ethereum blockchain, the user has to pay gas fees. The prices may vary throughout the day. Gas fees go to the Ethereum miners that do the computational work to build smart contracts. This way, the buyer receives the NFT, and the seller gets the funds.

Accepting an Offer. Sellers pay a fee when they accept an offer. 

Minting Fee. Creators pay a fee to mint tokens. 

Instant Purchase. There is a gas fee required when a buyer instantly purchases an NFT for the asking price. 

Is MakersPlace safe to use?

MakersPlace is safe to use, primarily because it is non-custodial. That means that sellers have complete control over their NFT collections, and buyers control their digital assets. The primary purpose of smart contracts is to ensure that everyone has access to their happening belongings. 

MakersPlace does retain the right to store your card information, but they do not know intimate details about you. They use a program called Stripe to process all credit card transactions, which can take up to 48 hours to prevent fraud. 

Pros and cons of MakersPlace

Review these pros and cons to determine if MakersPlace is the best choice for you:


Credit cards allowed. While most transactions will require ETH for payment, there are a lot of art pieces that allow PayPal or a credit card. If you’re an artist, this expands the number of potential buyers drawn to your work. 

Exclusive art. You can be assured as a buyer that you’re only receiving unique work because only select artists may join MakersPlace. Applications are still welcome as new artists get added each month. 

High royalties. Creators will receive 10% of all secondary sales earnings forever. 

Simple User Interface. The platform is very easy to navigate and use, allowing collectors to view all of the work listed on the site. 


High commissions. Though this commission rate is standard amongst gallery-style platforms, other NFT marketplaces sell for lower rates. 

Frequently asked questions

Here are the responses to the most commonly asked questions regarding MakersPlace:

Can anyone sell on MakersPlace?

Creators such as artists, photographers, writers, and others may sell their work on MakersPlace if they were invited. Anyone interested in becoming a seller on MP is encouraged to complete a creator application if they want to be considered. 

How do I get verified on MakersPlace?

Everyone that joins the MakersPlace community must undergo an identity verification process. This requirement consists of multiple steps, the first being proof of at least two photo IDs. That can include a passport, a valid driver’s license, or another photo ID. 

It will take some time for the team to verify each account manually, but this step is necessary to protect all parties involved.