How does Royalty work in Treasureland?
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 Treasureland, find “Submit” in the menu bar and click “Create NFT”.
② Edit the NFT information and fill in the royalty. (Treasureland has not yet activated the custom settings of royalty values. The default percentage is 10%).
③Click “Create NFT”.