Want to receive a percentage from the sale of your NFTs every time they're resold? You can set royalties on your collection to do so. 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.a. Under "Collections" on your profile, click the "Set royalties" button on the collection you'd like to add royalties to.
b. Go on your collection and click on "Set royalties."
Note: You'll find this button under your collection's bio.
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