Want to receive a percentage from the sale of your NFTs every time they're resold? To do so, you can set royalties on your collection. Here's how:
Note: This feature is only available on Ethereum and Polygon and is compatible with EIP-2981. Additionally, royalties are only applicable to trades on Rarible.
1. Under "Collections" on your profile, click the "Set royalties" button on the collection you'd like to add royalties to.
You can also change the royalties on your collection by going on to the collection itself, clicking on the three dots below your collection's description and then selecting "Set royalties."
2. Enter the royalty percentage you'd like to receive for each resale of an NFT from your collection.
Note: You can add additional wallet addresses (for collaborators, team wallets, etc.) to receive royalties by clicking on "Add address." You can personalize these royalty percentages.
3. Click on "Update royalties."
4. Approve the transaction request in your wallet.
5. Your royalties have now been set.
Note: If you would like an in-depth demonstration about how to set royalties on your collection, watch our YouTube video: https://www.youtube.com/watch?v=_KW2RQSyhhQ