One cool aspect of NFTs is that they can be programmed to pay the creator a fee each time the NFT is sold, allowing creators to be rewarded fairly for their digital work. These creator earnings are paid every time an NFT moves from wallet to wallet.
This guide explains:
- How to set creator earnings of up to 10% in the OpenSea collection editor
- When you can expect creator earnings on future transactions
At this time, because OpenSea doesn’t yet support minting using our “create” tool for Solana, you will need to adjust creator earnings on-chain. Because of this, you won’t see creator fees as an edit option for your Solana collection on OpenSea.
You can learn more about minting an NFT on Solana in our Developer Documentation.
Setting your creator earnings
A collection owner can follow these steps to edit the creator earnings and payout address:
- Navigate to your collection editor.
- Under the Creator Earnings heading, adjust the Percentage fee field. You can set a percentage of up to 10% and you can change this percentage at any time.
- Specify the payout wallet address where you wish to receive the earnings. OpenSea is unable to split creator earnings to multiple addresses.
Creator earnings also apply to primary sales (sales by you).
For example, if you set a sale price of 1 ETH and have a creator earnings of 5% on the collection, you’ll receive 0.925 ETH from the sale (2.5% goes to OpenSea and 5% is in the creator earnings amount). It typically takes 1-2 weeks to receive the 5% creator earnings amount (0.05 ETH).
Receiving your creator earnings
Creator earnings are distributed to the payout address specified in the collection editor.
To view your creator earnings payouts, navigate to your collection page and click the Creator Earnings button on the top right.
- A user is gifted an NFT. The NFT's collection has a creator earning percentage of 10%.
- The user later sells the NFT for 1 ETH. A creator fee of 0.1 ETH will go to the collection creator.