Drop Level Royalties

Drop admins can set primary royaties at the drop level instead of at the NFT (token) level. While minting a token, when the Drop Admin selects future drop, then the primary royalties are set at the drop level. However, in case of direct listing, token royalties behavior remains as is i.e. primary and secondary royalties are set at the token level.

Steps to set up drop level royalties

  1. Sign in as a Drop Admin

  2. Go to My NFTs -> click Mint Collectible

  3. Enter the mandatory details for each field
    MintCollectible

  4. Go to the Royalties & Selling tab -> in the Available for purchase through field, select Future Drop -> select Subject to Royalties.
    The Initial sale percent field will not be displayed.
    Noinitialsale

  5. Enter the Wallet address and set the secondary sale percent. The following are some scenarios and their respective behavior:
    • If you enter the contract address and select Future Drop, then you will not get an option for subject to royalties during minting, however primary and secondary level royalities will depend on what you have configured at the drop and contract levels respectively.
      scenario1
    • If you enter the contract address and select Direct, then you will get an option for subject to royalties during minting for setting primary royalties only, but secondary would depend on contract selected.
      scenario2
    • If you do not enter the contract address and select future drop, then at the time of minting you can only add the secondary sale percent. The primary sale percent can be added while creating the drop.
      scenario3
    • If you do not enter the contract address and select Direct, then you can set the wallet address, primary and secondary royalty percent while minting the token.
      scenario4
  6. Click Mint

  7. Go to My Drops -> click Create Drop

  8. Enter the mandatory details for each field
    Createdrop1

  9. Go to the Royalties tab -> select Subject to Royalties -> the Wallet Address and the Initial sale percent fields will be displayed
    CreateRoyalties

  10. Enter the Wallet address and set the Initial sale percent -> click Create

  11. If you wish to set early access to the drop, then go to Early Access tab -> select Early Access

  12. Set early access start time

  13. Set Early Access Eligibile NFTs and choose the AND/OR function to operate

  14. Set a number in the Early Access Purchase Limit field. To ensure fair trade during live drop.
    EarlyAccess

 

Note

  • If the drop admin selects Royalty free in the mint collectible form, then the Royalties field such as wallet address, Initial sale percent and secondary sale percent will not be displayed.

  • If the drop admin selects Subject to Royalty and set it for Future Drop in the mint collectible form, then the fields such as wallet address and secondary sale percent will be displayed while creating a drop.

  • If the drop admin creates a drop and selects the drop type as single/packs/mystery box, upon entering the primary royalties at the drop level, then the royalties calculation will happen on the drop sale price.

  • If the drop admin creates a drop and has selected the drop type as packs where multiple NFTs are selected, if one of the NFT is royalty free and the others are subject to royalty, then the primary royalties set at the drop level is applicable.

  • If the drop admin creates a drop with contract address and selected for Direct listing, then the royalty management flow will be the same as described in the above steps.

  • If the drop admin creates a drop with no contract address but selects Direct listing, then the royalty management flow will only be at the mint NFT level.