What are Revelator NFTs

Revelator NFTs enable new revenue streams for music businesses, catalog owners, and creators by generating digital collectible that can be purchased via custom storefronts.

Revelator NFTs are digital assets in the form of collectibles that can be minted by any Revelator Pro account that has the NFT feature enabled.

NFTs can be a single edition (1 unique copy) or have multiple copies of the same media file, and can be sold under personal use, personal & commercial use or custom licenses, using the EIP1155 standard.

All media and metadata minted with the digital asset are stored on IPFS and they are immutable, which means they cannot be changed once they are minted to the blockchain. Revelator NFT collectibles support audio, images and video media types.

Each collectible minted can be sold and purchased by anyone with a web3 wallet that supports Polygon or Base, or using any major credit card (settled via Stripe).

All primary sale proceeds are collected in your Revelator Pro account. We have designed our architecture to allow these proceeds to be received in the format they are settled in (i.e. in the form paid by the buyer) either by requesting a Fiat cash-out after a 30-day holding period for credit card purchases when they are cleared or by cashing out your cryptocurrency proceeds into a privately held non-custodial wallet.

Apart from primary sales, Revelator NFT contracts can specify a secondary sales royalty rate. Secondary sales happen when the initial buyer sells the NFT on third-party marketplaces such as OpenSea or Rarible, which enforce royalty payments. The recipient of these royalties can be defined at the time of minting the collectible.

Primary Sales refer to the first time the NFT is sold from the storefront associated with the artist or account, whereas Secondary Sales refer to future earnings from buyers onselling the NFT to others.

NFTs serve as digital collectibles that can be used to distribute rare, exclusive, or derivative content, as well as copies of the content, shared via popular web2 platforms. In the future, Revelator plans to offer additional utilities to be connected to these web3 digital assets, allowing fan reward mechanisms, unlocking perks, or access to exclusive events.

What's in store for Revelator NFTs

In addition to the several business models Revelator is building on top of its NFT service, automated payment flows of primary and secondary sales will be added, allowing labels and management companies to predefine and solidify royalty distribution to creators and collaborators as part of the immutable NFT contract data.