🎯Royalties

In addition to the proceeds from the auction of the digital NFT copy, Whenever an NFT sale occurs in a marketplace, it is up to the marketplace to hold back part of the proceeds of the sale to distribute to the original content creator. TALKADO Nft Marketplace will implement an on-chain royalty registry following the standards described by royalty registry.xyz.

When you create a collectible, you can set a certain percentage as royalty for your minted nft that you put on sale.

As the creator of the collection, you will earn a profit from each sale. You can customize the profit percentage.

Please note that royalty fees cannot be changed after the collection is created.

Example: You create a digital painting and sell it for 200 TLOT, the royalty is 7 per cent. Your buyer then sells your painting at a higher price point for 400TLOT. Here, the royalty system kicks in. As the original content creator, you receive a percentage of that sale.