# Setting Royalties on NFT Marketplaces EIP-2981 Royalty Standard Smart Contracts created with NiftyKit (as of April 3, 2022) use the EIP-2981 Royalty Standard. EIP-2981 is 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. ->