Setting Royalties on NFT Marketplaces
Learn how to set up and receive your royalties on NFT Marketplaces.
Last updated
Learn how to set up and receive your royalties on NFT Marketplaces.
Last updated
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.
-> https://eips.ethereum.org/EIPS/eip-2981
OpenSea's Operator Filter are also baked in within the smart contract.
Opensea currently doesn't support the EIP-2981 standard. Royalty Percentages need to be set manually on Opensea. Navigate to the "Collection Editor" on Opensea and adjust the Percentage fee field under Royalties, as shown below.
To have enforces royalties in Blur and Looksrare, the owner of the collection will have to do this:
Step #1: Go to https://etherscan.io/address/0x9dC5EE2D52d014f8b81D662FA8f4CA525F27cD6b#code
Step #2: Navigate to 4. registerAndSubscribe
Step #3: Fill in details
registrant (address): Input your smart contract address
subscription (address): Input 0x9dC5EE2D52d014f8b81D662FA8f4CA525F27cD6b (This is Blur's filter which includes LooksRare blocking)
Step #4: Click "write" and confirm transaction
This change may take effect within 24 hours.
To set your royalties in x2y2, follow the instructions here:
https://docs.x2y2.io/guides/collection-management/manage-your-collection
