Metafuse makes it possible for you to incorporate royalties into your collections, offering a simple and efficient way for creators to benefit from the resale of their non-fungible tokens (NFTs). This is all thanks to our implementation of the ERC-2981 standard, which promotes a uniform mechanism for royalty payments across various NFT marketplaces. Let's break down how this works in Metafuse in an easy-to-understand manner.
When you create a collection in Metafuse, you're enable to specify the amount of royalties – a percentage of every resale price – that you wish to receive as the creator. This percentage is entirely up to you, allowing you to decide what seems fair and sustainable for your ongoing artistic journey. You'll also provide the address where these royalties will be sent.
In essence, every time your NFT is sold or resold on any marketplace that implements the ERC-2981 standard, you, as the creator or rights holder, will receive the defined royalty. It's crucial to understand that these royalties are voluntary. Only sales transactions trigger royalty payments, and not simply the transfer of NFTs between wallets.
Here's a simplified conversation to help you understand how NFT royalty payments function:
Artist: "Does Metafuse support royalty payments when I create a collection?"
Metafuse: "Absolutely, you can define the royalty percentage you'd like to receive every time your NFT is resold."
Artist: "And what if my NFT is sold on another marketplace?"
Metafuse: "As long as the other marketplace also adheres to the ERC-2981 standard, you will still receive your royalties from sales on that platform."
By incorporating the ERC-2981 standard, Metafuse ensures that your innovative contributions to the NFT space are continually rewarded, fostering a healthy ecosystem for creators and collectors alike.