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How do creator earnings work on OpenSea?

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

If you're the collection owner, you can follow these steps to edit the creator earnings and payout address:

  1. On OpenSea, navigate to the upper right corner and click the Profile icon.
  2. Select My Collections.
  3. On the collection you'd like to edit, hover over the three-dot menu and select Edit.
  4. 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.
  5. Specify the payout wallet address where you wish to receive the earnings. OpenSea is unable to split creator earnings to multiple addresses.

Screen_Shot_2022-06-03_at_10.11.49_AM.png

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).

Viewing your creator earnings

To view your creator earnings payouts, navigate to your collection page, click the three-dot menu on the top right, and select Creator Earnings.

Screen_Shot_2022-06-03_at_10.05.26_AM.png

 

Error 401

Only the owner of a collection can edit creator earnings percentages. If you're seeing an error message when editing creator earnings, you'll need to ask the collection owner to make the change.



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