What is Royalty?

Openlake rewards a commission to every referral purchase. The commission is based on the final trade price of an NFT item. Openlake settles the commission directly to the referrer’s wallet every 14 days to reduce the transaction cost.

The commission or royalty rate can be set or modified at  “Account”→ “My Collections”. Click on the “Settings”, and then click “Edit”.

The history of Royalty can be viewed at ““Account”→ “Overview”→ “Royalty”