Collection Royalties
What are Royalties?
People who create works of art, music, stories or anything else creative— own the intellectual property of said work.
Traditionally, an entity operating between creators and collectors receives a fee for facilitating value exchange. However, with NFT Embed, anyone can encourage or make a direct sale! People don't need an extensive system to help them promote the deal. Instead, they can take any NFT compatible with NFT Embed and pop any verified creation on a webpage!
Easily create websites for NFTs and then embed any creation you want! Whether yours, a friend or a famous work. (Like a Beeple or Ethos by Aeforia!)
If you own it, you'll earn a sale; if you love it, you can make a commission!
The key here, if you're a collection owner, you can quickly establish an effective method for exchanging your work directly with collectors and no more using confusing networks with agents and numerous fees.
Setting Royalties
NFT sales using NFTEmbed reference utilize EIP-2981: NFT Royalty Standard.
What is EIP-2981? A standardized way to retrieve royalty payment information for non-fungible tokens (NFTs) to enable universal support for royalty payments across all NFT marketplaces and ecosystem participants.
Even if a contract already has royalties set, you should use our tool to ensure royalties get enforced with the Universe XYZ contracts.
We developed a tool to set royalties for collections that you own quickly— when royalties are not getting reflected through NFTEmbed.
You'll be required to connect a digital wallet, own a collection, have an address you want the royalties to go to and then pay a small transaction fee to set the percentage.
To navigate to the tool, click here.
How to Set Royalties
Firstly, make sure you are the owner of a collection contract before you can adjust or set the royalties.
Connect your wallet to: royalties.nftembed.org
Select an address that will receive the royalties
Choose a percentage (Max 20%)
Confirm the transaction in your wallet!
Wait for on-chain confirmation
Congratulations! You've set collection royalties 🚀
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