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🤴 What Are Royalties?

Royalties are fees paid to an NFT's original creator on every subsequent sale. Usually, it's expressed as a percentage.

On marketplaces that support them (there's no way to 'force' royalties on-chain), creators can set this as they please — ensuring they can continue to monetize their work after the initial sale. Just like with music or movies.

❓ Does LooksRare Support Royalties?

Previously, LooksRare implemented on-chain royalties, which enabled instant payout for creators, and used the EIP-2981 standard.

However, as of the V2 release, it no longer enforces royalties, to better align with the wider market.