Royalty
How does Royalty work in Monnfts?
Whenever you create an NFT you can set a certain percentage as royalty for secondary sales. For example, you create an NFT and sell it for 0.2 BNB and set a royalty at 10%.
When it comes to secondary sales, your buyer then sells your NFT at a higher price point for 0.5 BNB. Here, the royalty system kicks in. As the original content creator, you receive 10% of that sale, being 0.05 BNB.
When the creator(A) sends/transfers an NFT to B, A will receive a royalty of 10% of the NFT if B sells the NFT to C.
How to set royalties?
1.Enter App.monnfts.com, find and Click “Create” in the menu bar.
2.Click on icon User, find to the NFT information. Click button Royalty and fill in the royalty.
3.Click “Set Royalty”.
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