How can NFT collectors track their royalties earnings and payments?

3 answers

• McGee MillsApr 09, 2024 · a year ago
  One way for NFT collectors to track their royalties earnings and payments is by using blockchain explorers. These explorers allow collectors to view the transaction history of their NFTs, including any royalties that have been paid. By analyzing the blockchain data, collectors can see how much they have earned and when they received payments. Some popular blockchain explorers for NFTs include Etherscan and BscScan. Another option is to use specialized NFT tracking platforms. These platforms provide collectors with a centralized dashboard where they can monitor their earnings and payments. They often integrate with popular NFT marketplaces and automatically fetch the relevant data. Examples of such platforms include Zapper and Nansen. Additionally, collectors can keep track of their earnings and payments by maintaining a spreadsheet or using accounting software. They can manually record the details of each royalty payment they receive, including the date, amount, and associated NFT. This method requires more effort but provides collectors with a high level of control and customization. Overall, there are multiple ways for NFT collectors to track their royalties earnings and payments, ranging from blockchain explorers to specialized tracking platforms and manual record-keeping.
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• dragonwhitesDec 08, 2024 · 7 months ago
  Tracking royalties earnings and payments for NFT collectors can be done through various methods. One option is to rely on the NFT marketplace where the NFT was originally purchased. Many marketplaces provide features that allow collectors to view their earnings and payments directly on the platform. For example, OpenSea, one of the largest NFT marketplaces, offers a dashboard where collectors can track their royalties. They can see how much they have earned and when they received payments. Another method is to use third-party analytics tools. These tools analyze the blockchain data and provide collectors with insights into their earnings and payments. They can generate reports and visualizations that make it easier to understand the royalty income. Examples of such tools include NonFungible and DappRadar. Furthermore, some NFT projects have built-in royalty tracking systems. These projects automatically distribute royalties to the original creators whenever their NFTs are resold. Collectors can simply check their earnings and payments within the project's ecosystem. CryptoPunks and Rarible are examples of projects that have implemented this feature. In conclusion, NFT collectors have several options to track their royalties earnings and payments, including marketplace features, third-party analytics tools, and built-in tracking systems within specific projects.
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• SylwiaJun 19, 2024 · a year ago
  At BYDFi, we understand the importance of tracking royalties earnings and payments for NFT collectors. That's why we have developed a comprehensive tracking system that allows collectors to monitor their earnings and payments in real-time. Our platform integrates with popular NFT marketplaces and blockchain explorers to fetch the relevant data. Collectors can easily view their earnings, track payments, and generate reports to gain insights into their royalty income. With BYDFi, tracking royalties has never been easier.
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