.png%3Falt%3Dmedia%26token%3D71d9cd1e-b39d-4d41-8f29-6f56c22b9727)
.png%3Falt%3Dmedia%26token%3D71d9cd1e-b39d-4d41-8f29-6f56c22b9727)
Fee Distribution
Whenever an NFT is minted or traded, a 10% fee is charged on the transaction, with the remainder going directly to the NFT owner or seller.
This process is automated through the use of a smart contract, and can be described as follows:
.png?alt=media&token=fd96dedb-9555-4ff9-8aee-5f83df1dd86d)
The royalty of 10% has been implemented exclusively on the Tezos blockchain.
The change in royalty distribution will only affect secondary sales. Previously, sellers received 90%, but now they will receive 80% with the remaining 10% going to the original creators of the NFT.
Last modified 4d ago