How To Enable Royalties
Enable royalties to receive a portion of the revenue of the sales prices on secondary market
Enable royalties to receive a portion of the revenue of the sales prices on secondary market
are a very valuable additional revenue stream. The royalty token is always created once for every policy and must be the first token that is minted on this . The royalty token will be burned right after its creation, because the secondary markets are scanning for the mint transaction and its metadata which contains the royalty settings. The token itself is unimportant.
The minting of the royalty token will take 4.5 ADA, therefore you have to .
Add the address that should receive the royalties and also the percentage of the royalties.
Click on mint to confirm and the token will be minted on your policy and also immediately burned.
Go to the and click on the "Collection Tokens" under "Manage Project" on the right side of your project.
If you want to learn more about this topic, . If you are interested in setting up a Royalty Split address gives you more flexibility even after the policy locked and also helps you to split the royalties, .
