Are you trying to find the royalty percentage of an NFT collection?
Perhaps you’ve searched all over OpenSea already and simply can’t figure out how to see royalties on OpenSea?
No need to worry, because you’re clearly not alone with this problem and OpenSea hasn’t bothered to make it easy for us.
The good news is that there are a number of ways to find out what the creator royalty percentage of an NFT collection is.
In this article, you’ll learn how to see royalties on OpenSea as well as alternatives methods of finding NFT royalties for various collections.
Let’s dive right in!
Key Points (tl;dr)
- Creator royalties are an essential concept of NFTs that allows artists and creators to profit from their work in the long-term by providing a residual income stream into perpetuity.
- While traditionally artists only receive income from primary sales of their work, creator royalties are earned on every secondary sale.
- There are 3 easy ways how you can find an NFT collection royalty percentage.
- Method 1: Attempt to “Buy” an NFT
- Method 2: Install the Flava Chrome extension
- Method 3: Use NFT analytics tools
For step-by-step guides on how to see royalties on OpenSea, PLEASE SCROLL FURTHER DOWN THE ARTICLE.
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Solved: How to See Royalties on OpenSea Easily
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Here’s the answer. Great article by @ChrisHeidorn right here: https://tokenizedhq.com/how-to-see-royalties-on-opensea/
What Are NFT Creator Royalties?
Creator royalties are very similar to classic licensing royalties. What makes them different is that creators now have the power to set perpetual royalties on all of their work. Every time an NFT is sold on the secondary market, the original creator receives a percentage of the proceeds, creating a potentially endless residual income stream.
One of the greatest aspects of NFTs is that they finally provide a mechanism for creators and artists to be fairly rewarded for their work.
In traditional art markets, the artist only earns money on the primary sale of his or her work.
So, if artists eventually become famous and their original work is auctioned off for millions of dollars, they don’t get a cut on those sales.
That doesn’t seem particularly fair.
The good news is that NFTs have introduced fixed creator royalties that are enforced via the underlying smart contract.
What this means is that a creator or artist can set a specific royalty percentage for an NFT collection.
Every time an NFT from that collection is sold on the secondary market, the smart contract automatically transfers a portion of the proceeds to the creator’s wallet.
And that is precisely why so many people believe that NFTs are a potential game-changer for artists.
How to See Royalties on OpenSea
The simplest way to see an NFT collection’s royalties on OpenSea is to simply click the “Buy Now” button on a particular NFT. This will open a checkout window that displays the “Creator Fees”. Alternatively, you can also install the “Flava” Chrome extension, which automatically inserts this information at the top of every NFT collection on OpenSea.
Anyone who is investing in NFTs or plans to do so should be interested in the royalty percentage of an NFT collection.
Not only does it provide some insight into the motivations of the creator, but it is also an important cost factor that one must account for when re-selling an NFT.
Creator royalties make up a significant part of the overall OpenSea fees.
The problem is that OpenSea doesn’t make it very easy to find the creator royalty of an NFT collection.
And that’s why so many people have to search for ways how to see royalties on OpenSea easily.
Make sure to also check out our guide on OpenSea royalties for a detailed overview of how they work.
In this guide, we cover 3 simple methods of how to see royalties on OpenSea:
- Method 1: Attempt to “Buy” an NFT
- Method 2: Install the Flava Chrome Extension
- Method 3: Use NFT Analytics Tools
Technically, the last method in that list is not exactly a way how to see royalties on OpenSea.
However, it’s an easy alternative that we believe should not be left out.
Method 1: Attempt to “Buy” an NFT
Since there’s no obvious way of finding the royalty percentage of a collection on OpenSea, most people just resort to the simplest approach.
They open the NFT collection’s main page on OpenSea, find any random item that is for sale, and click on the blue “Buy Now” button.
This automatically opens a checkout prompt, which summarizes various aspects of the purchase, including the royalty percentage of the collection.
The creator fees are displayed right under the NFT’s title.
This is simple, but it’s cumbersome and one of the main reasons why so many people are looking for new ways how to see royalties on OpenSea.
Method 2: Install the Flava Chrome Extension
The good news is that there are far more convenient ways how to see royalties on OpenSea.
And one of them doesn’t require that you constantly click the “Buy Now” button.
If you use Chrome or a Chromium-based browser you can simply install a Chrome extension called Flava.
Flava automatically inserts information about individual NFTs and collections into the OpenSea website.
On each NFT collection page, it shows the project’s market cap as well as the seller royalty.
Although Flava does come with a paid plan, its basic features are for free.
Method 3: Use NFT Analytics Tools
If you don’t spend a lot of time on OpenSea anyway, then there’s a fairly simple way how to see royalties on OpenSea collections outside the confines of their platform.
There are numerous NFT analytics tools that we’ve also written about in the past and many of them include creator royalties in their stats.
One of the most popular examples of such NFT tools is Icy.Tools.
When you open the dedicated page for a particular collection on Icy.Tools, you’ll find the creator royalty right below the collection title.
For those of you who are already subscribed to their service, this just might be the easiest way to find the royalty percentage of any NFT collection.
Conclusion
We’re pretty sure that everyone believes that creator royalties are a good thing.
Nevertheless, if you’re an NFT investor or engage in day-trading, then the creator royalties are a cost factor that you must account for.
Unfortunately, OpenSea has made it a fairly annoying process to find the royalties directly on their site.
Thankfully there are simple solutions to this problem.
Here at Tokenized, we want to help you learn as much as possible about the coming NFT revolution. We help you navigate this fascinating new world of non-fungible tokens and show you how you can integrate tokenization into your own business.
