Creator fee (royalty)
The Creator sets its fee (up to 15%) globally on-chain using its Creator Address. That means that all assets created by this address will be governed by this fee.
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In addition to earning royalties in ALGO, Creators could also earn royalties over time in the following currencies, if they have opted-in these assets in their settings.
Listing of a single asset
Letβs say Creator has created 10 NFTs with Creator Address and sets its royalty to 8%. All of these NFTs will have a 8% royalty attached to them, meaning that 8% of the listing price will be paid to Creator whenever a sale occur.
π Case study 1
Seller lists an NFT from Creator for 100 ALGO.
Buyer purchases the NFT:
8 ALGO goes to Creator
1.99 ALGO goes to Platform fee
90.01 ALGO goes to Seller
π Case study 2
Seller lists an NFT from Creator for 200 USDC.
Buyer purchases the NFT:
16 USDC goes to Creator
3.98 USDC goes to Platform fee
180.02 USDC goes to Seller
β οΈ Note that if the Creator has not opted-in USDC, the royalties will be sent to the Platform fee address. This is applicable for any ASA (USDC, USDT, gALGO, goBTC, goETHβ¦etc).
Listing of a bundle of assets
The EXA protocol allows users to create bundles of up to 4 assets but how do the royalties are computed? Especially for bundles with assets from different Creators? Letβs find out in this section.
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The royalties are computed according to the following formula:
R is the total royalties a Buyer will pay to the Creators
P is the price of the listing
N is the number of assets with a Creator fee set (> 0%)
ri is the royalty of asset of index i
π Case study 1
Seller lists a bundle of 3 NFTs from Creator for 100 ALGO.
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Creator has 5% royalties set.
Buyer purchases the NFT:
5 ALGO goes to Creator
1.99 ALGO goes to Platform fee
93.01 ALGO goes to Seller
π Case study 2
Seller lists a bundle of 3 NFTs from Creator1 , Creator2 , and Creator3 for 100 ALGO.
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Creator1 has 9% royalties set.
Creator2 has 4% royalties set.
Creator3 has 8% royalties set.
Buyer purchases the NFT:
7 ALGO in royalties goes to the Creators (Creator1 , Creator2 , and Creator3)
3 ALGO goes to Creator1
1.33 ALGO goes to Creator2
2.66 ALGO goes to Creator3
1.99 ALGO goes to Platform fee
91.01 ALGO goes to Seller
π Case study 3
Seller lists a bundle of 3 NFTs from Creator1 , Creator2 , and Creator3 for 100 ALGO.
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Creator1 has 9% royalties set.
Creator2 has 4% royalties set.
Creator3 has 0% royalties set.
Buyer purchases the NFT:
6.5 ALGO in royalties goes to the Creators (Creator1, and Creator2)
4.5 ALGO goes to Creator1
2 ALGO goes to Creator2
0 ALGO goes to Creator3
1.99 ALGO goes to Platform fee
91.51 ALGO goes to Seller
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