Royalty Splits

Revelator Wallet offers full support for Royalty Splits created using the Original Works Protocol. Royalty Splits allow for their rights holders to receive an allocated split percentage of digital royalty payments directly to their wallet in USDC.

A rights holders split percentage is defined by the split % of a royalty split contract they hold in their wallet. For instance 3 rights holders may share a split for a given track the following way:

• Rights Holder 1: 50%

• Rights Holder 2: 30%

• Rights Holder 3: 20%

When the royalty split contract is sent a royalty payment of 1,250 USDC (net), the contract automatically distributes the payment according to each rights holders share. Rights Holder 1 receives 625 USDC (50%), Rights Holder 2 receives 375 USDC (30%), and Rights Holder 3 receives 250 USDC (20%).

Royalty Split Details

Royalty Splits are embedded with the asset they represent. Within a Royalty Split you may find the following information:

• Artwork, from the release the asset appears on.

• Title, of the linked IP Asset.

• IP Asset, link to the registered asset on Original Works.

• Balance, currently held by the Royalty Split contract before being distributed according to splits. Payments to Royalty Splits are currently auto-claimed, but in the future holders can let the balance accrue to a larger value before submitting a claim to distribute funds to holders.

• Total Distributed, is the total amount paid out to holders since the contract was created and received its first payment.

Sending Split %

Royalty Splits can be sent from your wallet to any other 0x wallet or smart contract address. This allows you to control and distribute your split percentage on royalties as you see fit.

Send Royalty Splits to another wallet or contract

1. Open one of your Royalty Split from the Splits tab.

2. Tap Send next to your split %.

3. Tap Send to, to choose a recipient. You can search for other Revelator Wallet users by name or email, or paste in their public wallet address directly.

4. Enter a split % you'd like to send.

5. Tap Preview transaction to review your transaction before sending.

6. When ready, tap & hold to confirm and send your transaction.

7. Face/Touch ID or PIN will also be required to confirm.

Receiving Royalty Payments

To receive a royalty payment directly to your wallet, you just need to be holding at least 1 Royalty Split for a revenue earning asset. That's it!

As soon as a royalty payment is paid to the contract, your split (based on your % holding) will be automatically distributed to you as USDC. If you have push notifications enabled, you will also be notified on your phone as soon as the payment arrives.

Withdraw Royalties To Your Bank

You can even withdraw the royalties you receive in USDC direct to your bank account. See our article for how to Withdraw To Your Bank.