Every time an item is sold on OpenSea*, the NFT creator can take a percentage of the sale as revenue. This means that you can not only earn money from selling your initial set of items to users, but you can continue to earn on all future transactions!
Setting your royalties
To set your royalties, simply go to your collection editor and adjust the percentage fee field. You can set a fee of up to 10%.
Then specify the payout address where you wish to receive the fees. OpenSea is unable to split royalties to multiple addresses.
Please note that royalties also apply to primary sales (sales by you).
For example, if you set a sale price of 1 ETH and have a royalty of 5% on the collection, you’ll receive .925 ETH from the sale (2.5% goes to OpenSea and 5% is in the royalty) and then 2-4 weeks later, you’ll receive the 5% royalty (0.05 ETH).
Receiving your revenue
Revenue will be distributed every two weeks to the payment address specified.
To view your royalty payouts, go to the collection editor and click the royalties button on the right.
Pending and completed payouts to you will appear here. Payouts occur in bulk every month.
On any given payout round, you'll only receive a payout if you've accumulated more than ~$60.00 worth of fees.
* Private sales (fee-free transfers or gifts) do not incur royalties.