Empowering Creators: Baked-In NFT Royalties on WAX
Imagine: as an NFT creator, every single time your digital masterpiece is sold on WAX, a portion of the sale proceeds lands in your digital wallet. No matter where the transaction takes place, and the rate isn’t subject to arbitrary changes by marketplaces. This isn’t a utopian dream but a fascinating reality for creators on the WAX Blockchain.
Taking Charge of Your Royalties
On the WAX Blockchain, creators are empowered to set their royalty rates anywhere from 0% all the way up to 15%. This royalty isn’t a one-time deal for the first sale; instead, it applies to every secondary sale of the NFT on any marketplace.
This flexibility allows creators to decide their share based on the value they believe they bring and the kind of long-term revenue they anticipate from their work. It’s a system that respects the creator’s role and contribution, ensuring they’re rewarded fairly for every transaction involving their creation.
Unity in Diversity: One Standard, Multiple Marketplaces
WAX’s innovative approach to royalties takes into account the diverse world of NFT marketplaces. All NFT marketplaces on WAX use the same standard and smart contract, ensuring seamless interoperability. This means no matter where your NFT is sold, your set royalty rate applies.
As a creator, you no longer need to worry about your work being listed on a different marketplace or losing out on royalties due to marketplace-specific terms and conditions. You receive your due share, irrespective of the marketplace involved.
Where Creators Create: Multiple Platforms, One Blockchain
Creating your NFT collections and digital collectibles on WAX is a breeze, with multiple platforms to choose from:
Each of these platforms offers unique features and a user-friendly interface, making the creation process straightforward and enjoyable.
Here’s a guide to Launching PFP NFT Collections on the WAX Blockchain
The Power Behind the Scenes: AtomicAssets & AtomicMarket
The unified standard and smart contract used by most NFT marketplaces on WAX have been developed by the WAX Guild called Pinknetwork, the creators of AtomicHub.io. They have developed the AtomicAssets NFT Standard and AtomicMarket Smart Contract that power the functionality of these marketplaces.
This groundwork by Pinknetwork is a testament to WAX’s commitment to offering a robust, reliable, and feature-rich environment for creators and users alike.
Power to the Creators: A Fair Share in Every Deal
WAX’s tools have the capability for creators to bake-in royalties. Imagine a world where you, as a creator, continually earn from your creations, long after they’ve been initially sold. You gain a cut from every secondary sale, ensuring you benefit from the increasing value of your work.
WAX is all about creators. By embedding royalties into the NFT standard and offering a consistent, fair, and creator-centric approach to NFT sales, WAX is redefining the landscape of digital creation. It’s shaping a future where creators are truly valued, where they have control, and where they get their fair share, no matter what. Now, isn’t that a future you’d want to be a part of?
