Core Sale: Royalty Fee

Introduction

The Royalty Fee allows you to earn a percentage of each resale transaction of your Core NFTs on secondary marketplaces like OpenSea. By setting wallet addresses and defining royalty percentages, you can automate the distribution of fees whenever your NFTs are traded on supported platforms.

This article explains OpenSea royalties, setting them up, and configuring distribution between multiple wallets.

Prior Knowledge

Before setting up your Royalty Feel, you should be familiar with:

• What is a Core?
  Explore the different types of cores, their roles in validating transactions, and how they contribute to the security and operation of blockchain ecosystems.
• Pricing Model
  Understand how your primary sale pricing impacts perceived value in the secondary market, as initial pricing and tier progression will influence resale behavior.

Having this context will help you configure royalties in a way that balances project revenue with healthy market activity.

Configuring Royalty Fee

How Opensea Royalties Functions

• Whenever your Core NFT is resold on OpenSea, the royalty fee is applied to the transaction.
• Royalties are automatically split and distributed across the wallet addresses you define.
• This ensures your project continues to capture value from secondary market activity on OpenSea.

Define Your Royalties

• Set the percentage fee for each resale transaction.
• OpenSea allows royalties to be set up to 10%.
• Defining fair royalty fees supports ongoing project revenue while keeping resale markets active.

Configuration Fields

Wallet Address

• The wallet that will receive royalty payments. Add multiple addresses if you want to split royalties between parties.

Percentage

• The royalty percentage assigned to a wallet. If you’re using multiple wallets, ensure the allocations match your intended fee structure.

Why It Matters

Setting up your royalty fee effectively:

• Creates ongoing revenue for your project from secondary sales on OpenSea.
• Rewards contributors or partners through automated revenue sharing.
• Builds a sustainable revenue stream beyond the initial sale.

With royalty fees in place, your project continues to generate value long after the initial Core Sale, supporting ongoing growth and development.

Need Help?

If you need assistance setting up royalty percentages setting up your Core Sale, or have any questions, reach out to us in LFG Discord. Our team and community are ready to help.