Proceeds & Royalties
Before launching your collection, we need to determine if you'd like the proceeds from your sold NFT Collection to be split amongst various stakeholders or not, and where to send these funds. How do we split funds? Using splitter contracts!
If you'd like the proceeds from your sold NFT Collection to be split amongst various stakeholders we use splitter contract. If As discussed in Smart Contracts Overview, splitter contracts allow proceeds received by the contract to be divided amongst a list of configured payees. A splitter contract can be used as a standalone contract and/or as a way to split the proceeds of one or more HyperMint NFT contracts.
Splitter contracts do not have metadata, hosting, minting, buying windows, or whitelists. Those are all specific to NFT contracts, and splitter contracts do not provide NFTs on their own.
A splitter contract must have 2-20 payees configured, and the total percentage must total 100.00%. Once deployed, a splitter contract's list of payees cannot be altered in any way. To change the payout distribution for future projects, create a new splitter contract. You can either create a splitter contract when creating a collection or attach a splitter contract that you may have created before.
Currently, both Ethereum and Polygon are fully supported.
Both contracts must be on the same chain. If the splitter contract is not yet deployed, you may attach it, but you will not be able to deploy the NFT contract until the splitter contract has been deployed.
The attached splitter will receive the primary sale proceeds from the NFT contract. Secondary sale royalties are also supported.
As proceeds are sent to a splitter contract, they become available for distribution. You can see the balance available for distribution next to each payee. To distribute this balance, click the Pay Out button at the top of the screen. This will distribute all proceeds to all payees.
To Note: Payees cannot be changed on a splitter contract post deployment