Simply put, royalties refer to financial payments made from one party to another for the ongoing use of their assets. The term, of course, is primarily used in the music industry, where singers allow their music to be streamed online, played on the radio, or sampled by other musicians in exchange for a royalty fee.

Besides, novelists, film producers, publishers, and just about anyone involved in a creative field has the potential to earn royalties. However, in this day and age, digital creators in the NFT realm are also earning through NFT royalties.

The advent of NFTs is a breath of fresh air for those in creative fields. For a long time, only a select few designators were entitled to receiving royalties, which was a significant source of frustration for artists. However, that is changing due to blockchain and smart contracts.

Today, artists can have complete control over their work and decide terms of use and the royalty fee without the help of any intermediaries. Looking at how things are going, there is every chance NFT royalties will enable artists and digital creators to be fairly compensated for their work.

There are never any disputes over ownership. And one can enjoy receiving their fair share through fully automated payment systems. The artists are entitled to perpetual royalties despite the number of secondary sales.



They are payments compensating original NFT creators for using their NFT assets. That means if you have created an NFT and set a royalty fee during the minting process, you are entitled to receive a royalty percentage every time the NFT is resold on a marketplace. A standard royalty percentage lies between 5% to 10%.

NFT royalty payments are recurring and executed automatically via smart contracts. That means every time a secondary sale takes place, the smart contract ensures that the terms of the NFT are fulfilled, and a cut of the profits goes to the artist who created the NFT in the first place.

The good news is that no middlemen participate in such secondary transactions, nor does this depend on whoever transacts them. You also must remember that just because you created an NFT does not mean it will yield you royalties.

When minting it, you have to specify it in the terms. Only then will the smart contracts be written into the blockchain. The arrangement works wonders in the case of digital content, physical items, and gaming accessories.

The royalty fee arrangement is made possible by the blockchain’s immutability and transparency. Since the public ledger protects the authenticity and integrity of the artwork, the automated protocols ensure the specific requirements of every smart contract are met, which, in this case, is the payment of royalties.

Moreover, the blockchain executes its function without taking the help of an intermediary or external agent, thereby eliminating the need for one. The arrangement invariably increases the value delivered to artists.



The original artist of the NFT earns royalties through subsequent sales in the secondary market. For instance, once the NFT is sold by the original artist, the buyer or investor may resell it to another user in the NFT marketplace. However, the royalties are paid to the original artist.

The royalty fee - as mentioned previously - depends on the terms stipulated in the smart contract when an artist mints the NFT. However, there are restrictions on how much royalty percentage can be set on different marketplaces.

For instance, the maximum royalty percentage on OpenSea is 10%. On the other hand, you can set your royalties on Rarible up to a maximum of 50%! That means if you mint an NFT for 5 ETH with a 10% royalty fee built into the contract, you will earn 0.5 ETH even if you had no part in the transaction. If it is your work, you are entitled to a royalty fee.

NFT royalties will help maximize the earnings of digital artists and content creators, so they enjoy the benefits of getting returns for something they created on their own. Royalties allow fair play, which is otherwise not possible for NFT creators.


NFTs can be listed for sale in an auction. This is similar to an eBay auction wherein the original NFT artist specifies a minimum sales price. If that threshold is not met or does not exceed, the auction ends on the set expiration date, and the original artist retains the ownership of the NFT. It is simple.


There is no doubt that NFTs have their benefits and offer attractive features. However, NFT royalties and smart contracts make the clear-cut case for convincing people to join the crypto space. Receiving a royalty fee on an NFT, you created not only helps you earn money on a recurring basis but also safeguards your ownership. Who does not want that?

In this blog, learn about what is NFT Royalties, how does it work, the criterias of measurement in-depth. Few tips on how to determine royalties and what happens when it expires.

Polygon is a cryptocurrency based on the Ethereum platform. Originally called the Matic Network, it was created by Ethereum to solve the issue of scalability. Today, it allows developers to build and deploy their blockchain networks compatible with the Ethereum blockchain.

Through a single click, Polygon enables other Ethereum-based projects to transfer data and tokens between each other by leveraging the MATIC sidechain. The decentralized Ethereum scaling platform is rightfully known for speedy transactions and low fees.

A Polygon wallet is a blockchain wallet of the Polygon variety used for storing and managing the native currency of the Polygon network, MATIC. With the help of the wallet, users can store, send, and receive MATIC easily. So, what are the top Polygon wallets? Let us explore:

MetaMask is a popular crypto wallet and gateway to blockchain apps, allowing users to interact with the Polygon network. It has both a wallet and browser extension, which enables you to access Web 3.0 marketplaces with only a couple of links.

Interestingly, the default Polygon NFT wallet is MetaMask because it is easier to use compared to other NFT wallets. Anyone with the most fundamental knowledge of cryptocurrencies can get the hang of it with ease. MetaMask comprises an open-source codebase.

The wallet has a built-in browser for exploring DeFi and NFT applications and also provides support for the direct exchange between crypto-assets. One can store their password and private keys on their devices safely thanks to MetaMask’s superior encryption technology.

If you are an amateur Polygon NFT holder, then you will absolutely love using Coinbase. It has a user-friendly interface, and it is easy to learn and use.

Currently, Coinbase supports 50+ different cryptocurrencies, and one can transfer coins by simply using their usernames instead of wallet addresses. You can also leverage its browser extension for maximum NFT trading efficiency.

Safety is not a problem for Coinbase as it offers a one-click option to save a copy of your private keys on a personal cloud for safety.

It is a mobile-only cryptocurrency wallet that enables users to store, trade, manage, and cash their NFTs through a secure system. Many NFT traders like using TrustWallet because of its simple interface and dApp access.

Another feature of Trust Wallet is that it displays your NFT collection beautifully, thanks to its quick setup and clean design. Trust Wallet supports Ethereum and Polygon NFTs and allows one-click access to NFT applications.

SafePal is a crypto hardware wallet provider that comes with a decentralized mobile wallet app. Although it is not as common as the rest of the options you will find on this list; you must know that it is backed by Binance, the world’s largest cryptocurrency exchange.

The SafePal S1 hardware wallet was launched in 2019 as a much cheaper alternative to Trezor and Ledger, thereby making it an enticing option for many crypto wallet users.

What is wonderful about SafePal is that it can be used separately from the hardware wallet and can be used as a software Polygon NFT wallet by those who do not wish to splash out on the SafePal S1. It supports Polygon NFTs and Ethereum NFTs and has a self-destruct model if it detects a virus or any other cyber attack.

Trezor is a hardware wallet that can physically connect to your laptop, desktop, and phone to trade in MATIC coins. Developed by Prague-based SatoshiLabs, Trezor is known for building an isolated environment for offline transaction signing.

It supports all essential altcoins, such as LTC, ETH, BTC, and many more. Trezor is compatible with all devices and is non-custodial. However, Trezor costs $75, which you might find a bit steep. However, the security offered is brilliant.

The wallet adds another security layer by adding a PIN code. Trezor wallet has an inbuilt system preventing Brute force attempts. That means if you incorrectly guess the PIN, the time between the guesses increases by a power of 2.

Trezor One provides an interface between the wallet and your connected device.

Trezor T is entirely touch-screen operated and has fewer buttons on it. It costs more than $159, but that is nothing when you check out its supreme security capabilities.

This is a web-based and tried and tested Polygon wallet that enables you to store all ERC-20 tokens, including the MATIC network, conveniently. One does not need to install or download MyEther as it can be accessed as a browser via the internet.

There is a complete tutorial offered by MyEther that teaches young investors how to trade safely with cryptocurrencies. It has excellent encryption methods that keep the account safe and secure. The keys in the Polygon wallet are stored locally on the device.

You can directly transfer MATIC coins from the wallet to the destination without using any intermediate third-party application. MyEther also has an excellent backup mechanism.


The NFT market is constantly evolving, and with Polygon growing at a rate of knots, we would not be surprised to see many other wallet providers also becoming a part of the Polygon NFT ecosystem. We hope this article has given you a solid idea about the various wallets you can use for trading with Polygon NFTs. The ideal Polygon wallet choice should be influenced by your usage and your budget. All the best!

With the help of the wallet, users can store, send, and receive MATIC easily. So, what are the top Polygon wallets? Let us explore:

Simply put, a Blockchain is a digitally distributed and decentralized public ledger of transactions duplicated and distributed throughout a network of computer systems available on it. Blockchain offers immutability, privacy, and transparency of data.

Every Blockchain is coded for a different purpose. Ethereum, for instance, is a decentralized, open-source Blockchain with smart contract functionality. Ether (ETH) is the native currency of Ethereum, and you need a wallet to interact with your Ethereum account.

That is where MetaMask enters the picture. It is a software cryptocurrency wallet used for interacting with Ethereum. One can access their Ethereum wallet through a web browser extension or mobile app. It is available for both iOS and Android users.

How to add funds to your MetaMask account

If you want to trade NFTs on the Ethereum Blockchain, you will need funds in your MetaMask wallet, and adding funds to your account can be done in two ways:

a. Purchase ETH or ETH tokens (ERC-20) on MetaMask directly

Buy ETH directly with your debit or credit card, although this may incur additional fees - depending on the third-party service provider you use. You might also not receive the entire funds immediately. Nevertheless, if you still want to go ahead with this option, do this:


1. Open the MetaMask wallet extension or mobile app.

2. Click on the “Buy” option placed beside “Send” and “Swap” on the front page.

3. Choose a third-party service provider such as MoonPay, Wyre, or Transak to facilitate the transfer of funds from an appropriate funding source.

4. Select the payment method - enter the amount and set your currency and payment type.

5. If you choose the Credit/Debit option for making the payment, you will be redirected to their webpage.

6. Fill in the card details along with your billing address.

7. After submitting the information, you will be taken to the payment gateway to input the OTP sent to you. Follow the remaining prompts, and you are done!

Once you have purchased the funds, head back to your MetaMask account to check the reflecting amount in your wallet.

You can also opt to fund your wallet through Binance, Coinbase, or FTX, enabling you to purchase crypto with your bank account. 


2. Click on the “Account” button with a clipboard icon and copy your wallet address.

3. Go to the crypto exchange you have chosen. For instance, if you are using Binance, tap on “Binance Pay.”

4. Enter your wallet address and other contact details and click “Continue.”

5. Get redirected to a web page where you can select the amount you wish to transfer to your MetaMask account. The maximum you can send in one go is 10 BTC.

6. After processing your withdrawal, your crypto exchange must provide a number called a Transaction ID or Transaction Hash, which defines a unique number for every transaction on the Blockchain. You can use this to track the progress of your withdrawal until the amount reflects in your MetaMask wallet.

Key points to consider when adding ETH to your MetaMask wallet

Ensure the token you are sending is compatible with the network you are sending to. Most of the time, the network will recognize and notify you if the address is incompatible. However, please be vary.

Sending ETH tokens may be different for every application holding your ETH tokens. Review their documentation or contact support if you need help transferring tokens from a third-party application.

Once you have added funds to your MetaMask account via a crypto exchange, check your transaction status using the transaction hash on a block explorer like Etherscan.

MetaMask is undoubtedly one of the popular wallets interacting with the Ethereum blockchain. Adding funds to your wallet is a straightforward process, provided you follow the instructions closely. If you get stuck, you can always get support from their service team. All the best!

Get the introduction of Metamask and step by step guide on adding funds with Ethereum in your metamask account quickly. 

Fund Your MetaMask Wallet With ETH In Two Ways

In simple words, a domain name (or a URL) is the name of a website. This term has historically been one of the most valuable aspects of digital real estate. Web2, the internet we know and use today, allows us to not only consume content but also create and publish our own content. 

However, Web2 has not evolved beyond displaying websites. Non-Fungible Tokens or NFTs exist on a blockchain, a distributed public ledger for recording transactions, and they also have domains.


An NFT domain is a crypto wallet address connected to an NFT. This enables anyone to create, distribute and consume content on the interweb without monetizing their data.

Since Blockchain powers NFT domains, anyone can refer to the data stored there, creating an open and transparent environment that Web2 does not offer.

Unlike website domains that have to be renewed annually, NFT domains only need to be bought once. They are 100% user-owned without the authority of any centralized corporation.


Those who want to simplify their crypto transactions by replacing multiple wallet addresses with a single name or entity buy NFT domains. Many people also purchase the domains to resell them and make a profit.

Only the primary content owner can change the NFT domain, enhancing the overall data security.

Reclaim control and ownership of your digital identity. Host your content on the decentralized web.

Mitigate any problems you might face, such as being bound to a platform’s T&Cs or paying recurring hosting fees.

Gain exposure as an artist and a creative professional by digitizing your art or music. Display, auction, and sell your work via an NFT domain.

Key steps to take for buying and selling an NFT domain


Even though the steps vary by the NFT marketplace, you can expect to do the following for minting and selling an NFT domain:

Sign up on a preferred marketplace after doing your research. You could do so through your Gmail account or manually inputting a specific email address.

Set up a digital wallet. You are required to connect a crypto wallet to the NFT marketplace to purchase your domain name. The popular MetaMask wallet is widely used across NFT marketplaces.

Go to the main page of the marketplace and search for a domain name. You can look up trending topics on the platform and then decide on a unique NFT domain name.

Depending on your requirements or preference, pick a domain extension. It could be .bitcoin, .crypto or .eth.

Purchase the domain by paying with your credit/debit card, digital wallet, PayPal, or any other mode of payment. Depending on what you have chosen, you may also be required to pay a gas fee (or any other transaction fee).

Once you have finished buying, accredit the NFT domain to a new wallet or use it as your wallet name.

Before selling your NFT domain, you have to mint it on the marketplace. Select the method through which you wish to mint. This ties your domain to the wallet and makes it possible for you to sell it on other platforms - while being tied to the same wallet.

Once the NFT domain is minted, open its profile page on the marketplace, and list it for selling. Follow the instructions - set a price for your NFT, either fixed or through auction, and wait for offers from others users to roll in.

Selling an NFT domain can be highly profitable, provided you know what you are doing. There is a massive demand currently for NFT domains because of their unique identity and utility. Therefore, you must research thoroughly and make an informed decision.

Learn in-depth about what is NFT domains, how you can buy or sell it easily and process of buying NFT domains on unstoppable. Explore now. 

What Is An NFT Domain? How Do You Buy Or Sell One?

It stands for Non-Fungible Token. It is a unique digital token permanently linked to a digital file such as photos, GIFs, videos, and audio, encrypted with the artist’s signature.

It validates the file’s authenticity and ownership. An NFT can also be used to represent real-world artifacts such as music, video, artwork, and in-game assets.

Anything that is fungible or replaceable by another identical item, for instance, a $100 bill with another $100 bill, is not an NFT. NFTs are primarily digital items that can be bought and sold using Ethereum Blockchain. Ethereum is a type of cryptocurrency, like Dogecoin or Bitcoin.

Decentralized vs. centralized NFT marketplaces

NFT marketplaces are often of two types: decentralized and centralized types. While decentralized marketplaces take pride in having a higher degree of autonomy and are not bound by any legal constraints, they also boast a slightly higher security level.

On the other hand, centralized marketplaces are entirely legal and enjoy the benefits of higher liquidity and wider user bases due to their regulated natures.

Some popular examples of NFT marketplaces include OpenSea, AtomicMarket, Rarible, Foundation, Myth Market, Portion, SuperRare, Crystl Finance, and Paras 2.0, among others.

If you are a digital artist looking to monetize your work, you can convert your piece into an NFT. You can mint a unique NFT on any marketplace such as Rarible and Nifty Gateway and store it forever in the marketplace’s custodian wallet.

This avoids duplication and secures the piece’s authenticity and scarcity. The marketplaces use Blockchain to identify and verify every digital file. Anyone that can log on to the platform can see who owns that file via the internet.

NFTs are digital contracts with special embedded rules such as the number of copies available for sale to have greater control over scams.


The NFT thesaurus: Terms to know about the new technology


Similar to fees that credit cards may charge for transferring money to different accounts, users make payments to compensate for the computation energy needed to process transactions on the Ethereum Blockchain.

Minting an NFT refers to the process of purchasing a product before it sells out from platform A and then selling the same on platform B at a higher price. Some marketplaces charge a one-time fee to sell NFTs on their platform. That is what is called mint charges.

This is the cost incurred when you transfer ownership of an NFT to someone else. Transferring a single NFT can cost you anywhere between $50-$15.00 depending on the current gas price and demand on the Blockchain for an NFT like that!

Also known as an NFT miner fee, the transactional fees are what users pay for minting their smart contracts into the Blockchain technology. As of today, the price of minting an NFT can range from as low as $1 to an average of $900. It can also be higher in some rare circumstances.

An NFT wallet is a cryptocurrency wallet supporting the blockchain protocol on which NFTs are built. It also needs to support the currency you purchase NFTs with, such as Ethereum. Since Ethereum Blockchain is widely used, most Ethereum wallets will work.

As mentioned previously, if you want to sell an NFT, you will have to mint a digital asset as an NFT that guarantees ownership of your work. The good news is you can mint any digital creation as an NFT — from art and music to video games and written pieces. It is easy to transform the file into an NFT by following the steps given below:

1. Set up a digital wallet to store crypto and NFTs.

2. Then, head to the chosen marketplace and create your profile.

3. Follow the instructions on your screen and share the necessary details to set up your profile.

4. Once you have completed that, you will find an option such as “Create” or “Make” on your profile.

5. Click on it and upload your digital file. You can even upload a series of digital art pieces called “Collections.”

6. Give your NFT a name and save it on the platform.

Please note that the ultimate selling price of your NFT is subjected to a range of factors such as quality, creativity, and your reputation, amongst potential factors.

Also, even though there are many marketplaces, not all trade in the same type of NFTs or support the same required NFT standards and file formats, so choose your platform wisely.


Once you have decided what you want to sell and where you want to sell, here are the steps you need to follow to make that sale:

1. Make a profile on the marketplace and mint an NFT

NFT marketplaces are just like Amazon. They comprise digital works being sold by multiple vendors, making you one of them.

OpenSea is currently the largest and most diverse market of NFTs. Once you have created a profile on the marketplace, link your funded cryptocurrency wallet and upload the digital file. 

Each marketplace’s process for authenticating the file is different, but most allow you to mint with just a few clicks. If you are interested in monetizing your work passively over time through royalties, set a royalty amount while minting. In most scenarios, 5% to 10% of the secondary sale price is considered a typical royalty payout.

Be sure to tell the NFT world about yourself. If you have a website or active social media accounts, share those links as well. Specify the cryptocurrencies you accept for your NFTs. Create and educate on the ground rules, so only interested patrons come to you.

Log in and connect a crypto wallet with the NFT marketplace. The process is simple, and in almost all marketplaces, you will click either the “Create” button or press the wallet icon to get started.

Depending on the wallet you are using, such as Coinbase or MetaMask, and the device (mobile or desktop) from where you are working, you will be asked to connect your wallet via a QR code, or you will have to download your wallet onto the computer. That is it.

To make your first sale, please ensure you have bought some Ethereum or any other cryptocurrency you prefer on any crypto trading app and deposit it into your wallet. Transfer the crypto from the wallet to your NFT marketplace profile, depending on the marketplace.

If you are on a platform like OpenSea, you can purchase crypto directly from the marketplace profile through any payment mode such as a credit card. If you are unsure about how much crypto you need to purchase, you will have your answer in the next point.

Once your NFT is freshly minted, transfer and sell your NFTs on other marketplaces. That will cost you extra fees. Click the “Sell” button and provide details about the transaction, including the price and auction time limit.

It would be best to clarify the cryptocurrencies that buyers can use to purchase the NFT from you. Based on the information given, the marketplace will calculate the gas fees. This depends on how busy the Blockchain network is at the moment.

Specify the details of your sale. Do you want it to be on a fixed price based on your cryptocurrency of choice or an auction running over a while?

OpenSea, for instance, lets you set royalty commissions for monetizing your work. However, other marketplaces might make that option available at this stage. So, do your research.

The marketplace will also list its fees for handling the sale, how Amazon does. It is usually a percentage of the final NFT sale price.

Once the formalities are done, your NFT is available for purchase. Promote it to potential patrons through social media or your website (create one if you do not have it already). Sell it like a proper product. However, if you want to make any changes to the NFT, it will cost you an extra fee and the gas fees already paid are not refundable.

Like any online activity, you must interact with other NFT buyers, buyers, and collectors to build rapport and expand your network to build your new NFT business. Run it how you would run any other business! Monitor the activity happening on your creations, embrace feedback, and keep creating or trading more work for others to purchase.

Contrary to popular belief, selling NFTs is not restricted to only digital creators. Some collectors trade from within their NFT collections. If you have ever purchased an NFT from a digital creator or another collector on the marketplace, you can also list it for sale.

A secondary market is where a transaction does not involve the original NFT creator. So if you are selling NFTs there, it involves the same process as listed in previous sections. There is no need to mint the digital asset in this case.

Transfer the NFT to the marketplace and click on the “Sell” button from the NFT page. The usual gas fees and marketplace listing charges will apply, reducing your final take-home amount along with any royalties the original NFT creator has set initially.

Hmm...that is a tricky question. The best time to sell an NFT largely mainly depends on its purpose and why you created or purchased it in the first place. If you are a digital artist, selling will largely depend on what you do and what buyers are ready to pay.

Therefore, keep tabs on what interests your patrons to create a digital file that maximizes your selling prices. However, remember that your gas fees could reduce your profit by a lot or even cause you to sell your NFT at a lower price if people are unwilling to buy it at the desired price. 

For instance, high Ethereum network gas fees pose a problem for NFT creators. Therefore, you must take that into account.

There could also be instances where you buy an NFT for a specific purpose and do not need it anymore, or an NFT you purchase has suddenly appreciated in value. Selling is ideal if you urgently require money or find better places to invest.

When calculating a possible loss or profit on the sale, remember to include marketplace listing fees, gas fees, royalties paid to the original creator, and so on.

When it comes to gas fees, you can lower the price with better timing for your listing and avoid days when the Ethereum Blockchain network is too busy. Trading in NFTs is just like trading stock shares. It will take time to get the hang of things.

Minting and selling digital files as NFTs will cost your Ethereum network and marketplace costs. Besides, trading NFTs can be uncertain, given how volatile the market is. The value of Bitcoin is plummeting fast; even Ethereum is not that stable.

However, if you want to get on the bandwagon for the sake of it and see if you can make some money out of it, you should explore this side of the crypto world by all means.

NFTs have definitely exploded in the past few years, and we do not see their craze diminishing any time soon! We now live in a world where caricatures, GIFs, and digital art pieces are sold for millions of dollars. No wonder it is seen as an option for getting rich quickly.

However, proper care must be taken while dealing with NFTs, as any bad investment can cost you money, stress, and a tarnished reputation. Therefore, monetize your talents wisely. Test your business acumen by playing slow.

Guide On How to Create, Minting, Sell, And Trading NFTs On Marketplaces

A Quick Guide On Minting, Sell, And Trading NFTs On Marketplaces - NFTON

A Quick Guide On Minting, Sell, And Trading NFTs On Marketplaces

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