When we go over the royalties connected with NFTs, these are typically set by the owner throughout the initial minting process. What this essentially means is that royalties from NFTs give the original owner a percentage of the sale price every single time the NFT creation is sold within a specific marketplace. This will typically range anywhere from 5% ,up to 50% in the case of some marketplace, depending on the NFT, the creator, and platform.
The Evolution Of NFT Royalties
- Mint Revenue
- Royalty Revenue
- Project Manager
Automatically Splitting Royalties: Potential Solutions
- The Artist gets 25%
- The Developer gets 25%
- The Marketer gets 25%
- The Project manager gets 25%
- This would be the group address for the minting revenue and can be split up 4×25%.
- This would be the royalty splitting address, where you could, for example, do 3×30% and 1×10%, or whatever else you feel comfortable with doing or have agreed upon with the team through which you have collaborated on the NFTs.
Moving Forward with NFT Revenue
Create Your Next NFT Drop Now
Revenue Splits are now available with all NiftyKit smart contracts