NFT Rewards Program Q4
Creators* will receive 25% royalties on all NFTs sold via Shufl. Currently creators receive 5%, the boost in royalties will see a 5x in the total amounts of royalties received. The royalty boost will be paid out using the allocated rewards budget not affecting either the buyer or seller.
The period for these rewards will run as follows:
- Period 1: Oct 14th – Nov 30th
At the time of sale the creator will automatically receive the standard 5% royalty fee. Within five days of the end of each period the additional royalty rewards 20% of sale amount will be airdropped to creators.
The amount available for creator rewards will be capped at 92,852 Algo.
If the sales volume is not sufficient for the total amount to be distributed, the royalty boost will be shared on a pro-rata basis with eligible creators.
*To avoid any conflict of interest, Goanna NFTs will NOT be included in this measure
*All articles published on the Shufl.app website are the opinions of the author. As opinion pieces they may not reflect the opinions of Shufl Inc. These articles are created purely for entertainment and informational purposes only and do not constitute investment advice. Cryptocurrency and NFTs are highly volatile assets and you should always do your own research before making any investment.