Secondary Market
Last updated
Last updated
The Secondary Market settings allow you to define how your NFTs will behave after the initial mint, particularly in relation to royalties and transferability.
Set the royalty percentage for each sale of your assets on the secondary market. This percentage dictates how much you will earn with each subsequent sale. It’s an excellent way to ensure you continue benefiting from the value appreciation of your art.
Recommended Percentage: We suggest setting royalties between 2% to 10%, as this range is typically well-received by collectors and provides a fair share of proceeds back to the creator.
Important: Different marketplaces may have their own rules regarding royalties, which might override the settings you choose here.
Enabling this option will make the NFTs from your collection non-transferable, turning them into SoulBound Tokens. These tokens are bound to the original wallet that minted them and cannot be sold, transferred, or exchanged.
Membership Tokens: Grant access to exclusive content or events.
Achievement Badges: Award collectors with unique, non-transferable accolades.
Identity Tokens: Represent personal or non-fungible assets that should remain with the holder permanently.
