Receiving Royalties From Secondary Sales

Get paid royalties each time your NFT is re-sold

Enabling Resale Royalties

In our complete guide to minting your first NFT collectible we discussed how you could setup resale royalties at the time of minting. By enabling resale royalties for your collectible, you will be able to receive ongoing revenue related to your inventory each time your collectible is re-sold by fans to other parties via 3rd-party marketplaces (such as OpenSea).

Enable resale royalties to receive ongoing revenue from secondary sales.

You can set the royalty % between 0.01% to 50% max.

As part of enabling resale royalties, you must also define a royalty recipient 0x address. By default your accounts Revelator wallet is pre-filled. This means royalties will accrue in your Revelator Pro account for you to withdraw and pay to your rights holders.

You can alternatively set the royalty recipient to any other wallet or smart contract address of your choosing. If you do decide to do this, please ensure the address you input is correct, as it cannot be changed once your collectible is minted.

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FAQ

When do I receive royalties from items sold?

Say one of your collectibles is purchased from your storefront. The following will occur:

1. The sale price (less our service fee) goes to your wallet in Revelator Pro.

2. The collectible sold will move to the buyers wallet/account (outside of Revelator Pro).

3. You will be able to track the item from the sold tab in your Collectibles page.

Now the buyer may decide to hold the collectible for an extended period or they may re-list it for sale on 3rd-party marketplaces such as OpenSea.

When the buyer sells the collectible to someone else, the following will occur:

1. The sale price (less the royalty %) will go to the seller who listed it for sale.

2. The royalty % will go to the royalty recipient (defined in the collectible at creation)