Royalties are an optional payment made to the creator of an asset when it is sold on the secondary market. Royalties are expressed as a percentage of the sales price. For example, 10%.
An asset can have up to 5 royalty addresses, and the sum of all 5 royalty percentages cannot be greater than 100%.
Modifying Royalties
It is possible to change royalties after they have been configured if all of the following conditions are met:
- The asset is not listed for sale.
- The wallet making the change is the creator of the asset.
- The wallet making the change is the owner of the asset.
In practice, this makes it hard to change the royalty on an asset after it has been sold.
Payment
Royalty payments are deducted from the sellers proceeds after the sales fees have been accounted for, then sent to each configured address instantly.
Calculation
Royalties are calculated on the sales price after any platform fees have been deducted.
Currency
Royalty payments are made in the same SNIP-20 currency as the sale. This may not be the same currency as the primary listing.
Off Platform & OTC Sales
Royalties are processed by the Stashh sales contracts. If a sale is handled by a third party contract or an OTC dealer they may choose to ignore the royalty payment.
Privacy
Royalty percentages and the number of royalty wallets attached to an asset are always public.
Royalty addresses are visible to anyone who is both the creator and owner of an NFT as well as anyone (or any contract) that has permissions to transfer the asset to another wallet.