Creators & users sell NFTs on XOXNO. They receive royalties from secondary sales (supply-side fees).

XOXNO is a non-custodial NFT marketplace protocol built on MultiversX. XOXNO was founded by Mihai Eremia and launched in 2021.

XOXNO team owns and governs the protocol. They currently take a cut of the total transaction fees paid by buyers (revenue).

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XOXNO

# XOXNO Fees Methodology

## 1. Overview

The XOXNO fees metric measures the total fees generated by the XOXNO NFT marketplace on the Elrond (MultiversX) blockchain. This includes both platform fees collected by XOXNO as marketplace commissions and supply-side fees paid to NFT creators as royalties. The metric provides a comprehensive view of the total fee economy within the XOXNO marketplace ecosystem, calculated by combining platform revenue with creator royalty payments on a daily basis.

## 2. Data sources

The calculation relies on a single primary data source:
- **XOXNO marketplace data**: Scraped daily volume and fee data from the XOXNO NFT marketplace platform, including both platform fees and royalty payments
- **Pre-aggregated fee data**: Daily totals of marketplace commissions and creator royalties already denominated in USD
- **Marketplace transaction summaries**: Daily aggregated trading activity data from XOXNO's platform API or interface

## 3. Step-by-step calculation

### Component A: Platform fees (revenue)
- **Purpose**: Captures marketplace commissions collected by XOXNO from NFT trading activity
- **Logic**: Extracts daily platform fee totals from scraped marketplace data. The data source provides pre-calculated `total_fees_usd` values representing marketplace commissions collected by XOXNO. These fees are already aggregated by day and converted to USD values. The data is standardized with business metadata including business line set to "NFT marketplace", market sector as "nfts", and business segment as "marketplace". Missing data points are filled with zeros using a fill strategy.
- **Key fields**: `total_fees_usd` (platform commission amounts), `timestamp` (daily date), `chain` (set to "elrond")

### Component B: Supply-side fees (royalties)
- **Purpose**: Captures creator royalty payments made to NFT artists and creators
- **Logic**: Extracts daily royalty payment totals from the same scraped marketplace data source. The data provides pre-calculated `total_royalties_usd` values representing payments made to NFT creators and artists. These royalty payments are already aggregated by day and converted to USD values. The data follows the same standardization process as platform fees, with business metadata and zero-filling for missing data points.
- **Key fields**: `total_royalties_usd` (creator royalty amounts), `timestamp` (daily date), `chain` (set to "elrond")

### Final aggregation
- **Combining components**: Platform fees and royalty fees are combined using a union operation, creating a single dataset with both fee types represented as individual records
- **Currency conversion**: No additional currency conversion is required as both fee components are already provided in USD from the scraped data source
- **Time aggregation**: Data is aggregated daily with `timestamp_grain` set to "day". The final calculation groups by timestamp, timestamp grain, chain ID, and product ID
- **Final calculation**: Total fees are calculated by summing all fee components (platform fees plus royalty fees) for each day, representing the complete fee economy of the XOXNO marketplace including both marketplace commissions and creator royalty payments

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Total value users pay to use a protocol (gross fees, user-paid fees).

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