MakersPlace is a blockchain-based marketplace for crypto art where creatives can showcase their rare digital artworks and sell them using both national currencies and Ether. Either way, each work displayed on the Ethereum-powered platform is associated with a cryptocurrency price that varies depending on the digital edition chosen. When uploading the artwork image to their profile for authentication and trade, artists can decide if they wish to issue a single, rare or limited edition, customizing the number of copies they make available.
Once tokenized on MakersPlace, digital artworks gain value as if they were signed, physical prints, and most creators in the network prefer editions over one-of-a-kind issues. Regarding fees, the platform receives a 15% commission on all Ether purchases, applying an extra fee to credit card transactions.
MakesPlace was launched in June 2018 by CEO Dannie Chu, CTO Yash Nelapati and Head of Marketing Ryoma Ito. Before moving to the platform San Francisco headquarters, co-founders Chu and Nelapati were Pinterest first employee and engineer respectively.