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- Important: On Royalties and Aggregation
Important: On Royalties and Aggregation
On Rarible, creators always get their royalties in full. They only need to make sure their collection is set up (learn how below).
Royalties is a major part of web3 culture, and one of the best use cases of the decentralized technology: Mint your work as an NFT and earn a percentage of every sale.
Due to the recent actions of major NFT marketplaces, creators are being stripped of royalties. This harms the entire space: It frustrates existing creators, keeps new creators from entering, and makes the market more speculative by facilitating quick flipping.
At Rarible, we will strongly continue to #StandForRoyalties.
That’s why by September 30, 2023 we will stop aggregating orders from OpenSea, LooksRare and x2y2.
Royalties on all native listings on Rarible.com and all community marketplaces powered by Rarible will continue to be fully respected.
As a creator, you'll need to encourage people to list and trade on Rarible.com or your Rarible-powered community marketplace to get your well deserved royalties.
You also need to double check and make sure that you have set up royalties on Rarible.com so they can be enforced.
How to ensure your collection gets full royalties on Rarible
Head to Rarible and connect the wallet that owns the collection you want to earn royalties on.
Use Rarible’s search to find your collection.
On the collection page, claim your collection. This lets you edit the collection page and set royalties.
Once you’ve verified your ownership of the collection, click the three dots, click “update royalties” and set your royalties to your desired percentage (any number up to 50%, decimals supported)
Click here for a more detailed instruction with screenshots.
Once you’ve completed the steps, you’ll receive royalties on every single sale that happens on a native listing.
Let’s #StandForRoyalties together.