💲Earnings, royalties and protocol fee
Show/withdraw the earnings, show/change/enforce royalty fees, and remove protocol fee
Last updated
Show/withdraw the earnings, show/change/enforce royalty fees, and remove protocol fee
Last updated
Using this section of the dashboard you'll be able to show and withdraw the current earnings of the NFT collection, show and change the NFT Royalty fee information, show and change the Enforced Royalties to force honouring NFT Royalties on all marketplaces, and remove the Protocol Fee.
This subsection displays and allows you to manage all the earnings from the collection, whether they are direct mints on the minting page or royalties from secondary sales.
Your earnings from minting and royalties from secondary sales are kept in your smart contract, you can transfer them to your wallet at any time.
In "Current Balance," we'll see the funds we haven't withdrawn from the contract yet. If we hover over it, we can see the pending balance and the already withdrawn balance.
If there's pending balance, the withdraw button will be active for us to transfer the funds to our wallet.
Once the available balance is withdrawn, it will be 0, and the already dispensed and extracted balance will include the funds we've withdrawn.
NFT royalties are a percentage of the sale price paid to the NFT creator or rights holder every time the NFT is resold on a secondary market. This system allows creators to earn ongoing revenue beyond the initial sale of their work, supporting sustainable funding for artists and other NFT creators.
Defined Standard: Royalties are typically defined using the ERC-2981 standard, which is widely supported by NFT marketplaces.
Marketplace Variability: While many marketplaces adhere to this standard, some may require additional configuration to ensure royalties are paid. Others might not support royalties at all or may impose limits on the royalty percentage they honor.
In this section, you can set and update the percentage of royalties you want to receive for each secondary sale of your NFTs. Here's what you need to know:
Range of Royalties: You can set royalties anywhere between 0% and 50%.
Best Practices: It is recommended to set royalties between 0% and 10%, as many marketplaces may ignore royalties above this threshold.
Marketplace Support: Not all marketplaces fully support royalties. Some adhere to the ERC-2981 standard, while others may require manual configuration to enforce royalty payments or even disregard royalties altogether.
Enforced Royalties: To ensure royalties are always paid, you can enable the Enforced Royalties feature for your collection. This will limit where your NFTs can be sold, ensuring that marketplaces honor the royalties.
To maximize royalty payments and avoid complications, consider enabling Enforced Royalties and setting a reasonable percentage.
Be aware that marketplaces ignoring the ERC-2981 standard may not pay royalties unless configured manually or even disregard royalties altogether. To ensure royalties are paid, consider enabling Enforced Royalties for your collection.
Enforced royalties allows you to enforce royalties on secondary sales of your NFTs. This means that you can set a percentage of the sale that you will recieve every time it is sold. This is a great way to ensure that creators are compensated fairly for their work.
For more information check the section CREATOR FEE ENFORCEMENT.
The protocol fee is used to fund the development of the platform and the maintenance of the smart contracts. You can remove it at any time. To know more about the Protocol Fee and how to remove it, check the section Protocol Fee.
