Creator fee (royalty)
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.
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 (see related article at the bottom of this page👇):
Listing of a single asset
Listing of a single asset
Let’s 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.
👉 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
👉 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
⚠️ 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, goETH…etc).
Listing of a bundle of assets
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? Let’s find out in this section.
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
👉 Case study 1
Seller lists a bundle of 3 NFTs from Creator for 100 ALGO.
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
👉 Case study 2
Seller lists a bundle of 3 NFTs from Creator1 , Creator2 , and Creator3 for 100 ALGO.
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
👉 Case study 3
Seller lists a bundle of 3 NFTs from Creator1 , Creator2 , and Creator3 for 100 ALGO.
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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