What are Creator Royalties?
Creator Royalties are fees set by an NFT's creator which can range from 0-10%. Whenever that NFT is traded, the Creator Royalty flows to the creator. This ensures that creators can directly benefit from their work, for as long as it continues to draw attention.
How do Creator Royalties work?
Whenever there is a trade of an NFT with a Creator Royalty assigned, the royalty fee is collected from the seller. Specifically, it comes from the sale proceeds and flows to the creator.
These fees are collected for all sales of said NFT on GameStop NFT - that means secondary sales as well as primary sales.
Please note: Creator Royalties are only paid when the NFT is sold on GameStop NFT, unless another marketplace respects the same royalty configuration as well.