Adding Fee Allocation To Your Smart Contract
Maximize profit and Control More of Your Earnings By Allocating Your Fees to Your NFT Collection
Fee Allocation is now available on Smart Contracts!
Fee Allocation is a NiftyKit app tool that is designed to give creators more control over their sales fees and how they are allocated, which can be particularly helpful in situations where fees are subject to change or fluctuation.
We offer flexible fee allocation options to empower creators to make the best decisions for their NFT collections and maximize their profits.
How it Works
Fee allocation lets creators set how the NiftyKit sales fees are charged to their collection. Creators now have the option to choose to absorb fees, pass them on to buyers, or split them evenly (50/50).
Pass on the fee to the buyer, the buyer would be responsible for paying the fee associated with minting the NFT. The % is based on the creator's current NiftyKit Membership.
Absorb the fee, the creator would be responsible for paying the fee themselves
Split 50/50, the creator and the collector will each pay an equal share of the fee
The allocation fee settings can be updated anytime. Upon making changes, the new fee allocation setup will reflect automatically to your collection after confirming the transaction.
To install, simply log in to your NiftyKit account. Navigate to your app’s dashboard, click Add on Fee Allocation, and click on your Smart Contract.
From there, view your collection to set it up and choose your preferred allocation as shown below.