🔄 Royalties on DRiP

At DRiP, we believe that creators should be rewarded for the long-term value they create. One of the most powerful ways we make this happen is through royalties. This guide will explain what royalties are, how our advanced system ensures you get paid, and how to set them up for your collections.

1. What Are Creator Royalties?

In the world of digital collectibles, a royalty is a percentage of the resale price that is automatically paid to the original creator every time your collectible is traded on a secondary market (like Tensor).

This ensures that when your value of your work grows, you continue to share in its financial success.

2. How Royalties Work on DRiP

The DRiP royalty system is designed to be automated, and secure. DRiP utilizes on-chain enforcement to ensure your royalties are always honored on every secondary sale.

Here’s a breakdown of how it works and how to manage your settings.

Setting Up and Managing Your Royalties

You have full control over your royalty settings directly within DRiP Studio.

• Initial Setup: When you first create your Channel, you'll find a Royalty section on the creation page. This is where you will set your primary royalty wallet and your desired percentage.

• Editing Settings: If you need to update your royalty wallet or percentage later, you can easily do so. Navigate to DRiP Studio > Settings > Channel and scroll down to the Royalty section to make your changes.

Recommendation: We suggest a creator royalty between 5% and 10%. This range is standard in the ecosystem and is seen as fair by most collectors.

Understanding the Royalty Split

In the Royalty section when you Submit your collectibles, you may see more than one wallet listed.

Here’s what they mean:

• DRiP Platform Fee: You will notice one wallet is automatically included with a fixed 1.5% royalty. This is the DRiP platform fee, which helps us maintain and improve the tools and services we provide for creators.

• Creator Royalties Wallet: This is your wallet with percentage once you get payout from secondary market; drip.tensor.trade

• Collaborations: This section is also where you can set up royalty splits for collaborative projects. You can add (click '+' symbol) the wallet addresses of your collaborators and assign them a specific percentage of the total royalty.

NOTES: Ensure Your Wallet is Funded for Gas Fees

The Solana network requires a very small transaction fee (a "gas fee") to process any token transfer, which includes receiving your royalty payments.

You must have a small amount of SOL in your designated royalty wallet to receive your earnings.

Without a minimal balance (at least 0.0001 SOL is recommended), the network may be unable to process and deliver the royalty payment to your wallet after a sale.