Royalty Tokens

Overview

Revelator has introduced a new way for settling royalty payments using Royalty Tokens—a smart contract that automates royalty distribution to multiple parties on blockchain. This helps reduce friction for cross-border payments and opens up new funding opportunities for payees to leverage their earnings.

Royalty Tokens are a product of Revelator's blockchain protocol — Original Works. To enable Royalty Tokens for your account, please contact [e-mail].

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Who Is It For?

• Artists, Songwriters, Rights Holders: receive royalties on-chain, empowering self-management of their tokenized assets, and access to new funding opportunities.

• Music Businesses, Record Labels, Distributors, Royalty Admins, etc: orchestrate complex royalty settlement to payees in USD stablecoins (such as USDC or USDT).

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Key Benefits

✦ Seamlessly add on-chain payments to your business without forcing payees to be blockchain experts on day one.

✦ Payees don't need wallets to get started—auto-generated Royalty Vaults allow them to receive royalties on-chain until they're ready to connect or create their own wallet.

✦ Our flexible approach means payees familiar with web3 can connect a wallet they already use, while those getting started can create a wallet with just their email (no complicated steps required).

✦ New funding opportunities empower payees (especially in emerging markets) with ways to leverage their on-chain royalties.

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Guides

Creating Royalty Tokens ->

Receiving Royalty Tokens ->

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Frequently Asked Questions

Does it cost anything to create a Royalty Token?

Royalty Token creation is included FREE as part of your subscription.

When interacting with blockchains (we support Base & Polygon) to perform transactions, usually network fees called “gas” are incurred to post and validate transactions on-chain. Transactions generally cost less than $0.01 to perform in most instances.

What types of assets can be tokenized?

Currently just tracks, and they must meet the following requirements:

• Completed track metadata

• Assigned a valid ISRC

• Distributed live under Revelators deals

• Does not appear on any track level contracts

More asset types will be available to tokenize in the future.

What if my payees are new to web3?

Onboarding Payees To Royalty Tokens

When Payees are new to web3 and do not yet have a wallet, we will auto-generate a Royalty Vault attached to their portal account to receive and store their Royalty Tokens and royalties paid on-chain.

When a token is minted and vault created for a Payee, the'll receive emails with instructions for how they can take custody and claim these tokens by connecting a wallet to their account.

They can then download Revelator Wallet to view and manage their tokens from their, and receive their royalties directly.

Check out our article on Payee Wallets for more.

Can I disconnect a Royalty Token from an asset once minted?

Yes!

If you made a mistake or ever wish to undo the connection between an asset and Royalty Token, you may contact [e-mail] to manage this for you.

Once disconnected, you can either mint a new Royalty Token or use a standard contract to distribute royalties to payees.

What blockchains and cryptocurrencies do you currently support?

We support Royalty Token minting on Base and Polygon, paying royalties on-chain in USDC or USDT (on request).

If you would like to mint your Royalty Tokens on a different blockchain, please contact [e-mail].

What is an ERC1155 token?

Understanding ERC1155 Tokens

ERC1155 is a multi-token standard on the Ethereum blockchain that allows for efficient creation and management of multiple types of tokens within a single contract. Unlike ERC20 or ERC721, which are designed for fungible and non-fungible tokens respectively, ERC1155 supports both. This standard also enables batch transfers, reducing transaction costs and increasing efficiency.

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Additional Resources

• Learn more about Original Works

• Payees can access and manage their Royalty Tokens on Revelator Wallet

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Next Steps & Future Releases

• Royalty Token Enhancements: Added support for displaying more data about your Royalty Tokens within your account and your Payee Portals.

• Account Abstraction: The ability for you to cover network costs (gas fees) for your payees, associated with specific wallet transactions (such as token transfers, advances, and offramps).

• Offramp Providers: Available on the Revelator Wallet app already, we aim to integrate with global offramp providers so you and your payees can easily move funds from your wallets to your local bank accounts.

• Customisable Terms: Added support for customising Royalty Token terms, allowing you to create multiple Royalty Tokens for the same asset related to different revenue sources.

• Privacy Enabled: Splits and payments are currently public transactions posted on our supported blockchains, however Original Works is actively working on privacy enabled features that will be implemented soon.

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Support & Maintenance

If you need help, contact [e-mail] for assistance with:

• Troubleshooting Royalty Token creation

• Payee wallet setup

• Handling 2FA or email verification issues

• Questions about Payee Vaults or claiming balances

We hope this new feature helps you embrace web3 and get paid seamlessly on-chain. Happy royalty collecting!