Set Primary Market Proceed Recipients
Now, scroll down below the NFT detail section to configure your primary market proceeds settings.
Nifty allows for powerful distributions of Primary Market proceeds. Primary market proceeds are paid to Nifty Gateway Accounts - and you can split primary market proceeds among as many parties as you want. The accounts
For now, enter your Nifty Gateway username into this box, and give yourself 100% of the proceeds.
If you wanted to pay out anyone else - an artist, collaborator, or partner, you’d just enter their NG username here and enter what percentage they would receive - the account must be set up to receive Primary Market Proceeds first before they can be added as recipient, which is very quick. See this section of the documentation for more details.
You can do the same for Secondary Market Proceeds on secondary sales. We will dive into that later.
Set Secondary Market Royalties
Set “Royalty" to 10%. This it the royalty that goes to other users every time an NFT is resold on the Nifty Gateway secondary marketplace.
You can also set up how the royalties are distributed on the Nifty Gateway Secondary Market by adding accounts one by one.
To test this out, add a username and a percentage of the total royalties they will receive. They must also be configured to receive Primary Market Proceeds before they can be added as recipient. See this section of the documentation for more details.