Overview
A collection royalty is a royalty structure across an NFT collection, benefiting creators. It provides ongoing income from secondary sales. Royalties are set at minting.
How It Works
Each secondary sale pays a percentage to the creator, defined by the contract. Marketplaces enforce or honor it. This rewards creators for value created.
Why It Matters
Collection royalties sustain creators and communities. They are a key NFT economic feature. Their enforcement varies by platform.
Related Concepts
Collection royalties relate to NFT Royalties, Collections, and Creators. They provide Resale income.