🍯Creator royalties

Royalty is the percentage a creator earns each time their work is resold on the secondary market. As the creator, you decide how much that royalty is.

For example, say you mint an NFT with 10 editions, set a 10% royalty, and list each edition for 1 XTZ. Every time one of those editions is resold from one collector to another, you’ll earn 10% of that resale.

So if a collector sells your piece years later for 100 XTZ, you’ll receive 10 XTZ. And if it sells for 1,000 XTZ, you’ll earn 100 XTZ—all thanks to your royalty.

Royalties have been fundamental to empowering artists in Web3 and revitalizing the digital creative movement. It helps creators earn over time as their work changes hands on the secondary market.

While royalties can’t be fully enforced on-chain, objkt chooses to honor them to support and respect creators who power the space.

To learn how to mint a token, go to Minting a token

When setting your royalty, aim for a fair balance! Something that rewards your long-term growth without discouraging collectors from buying or reselling your work.