More

    Top NFT Project Royalties: They Made THIS MUCH Money!

    Without a doubt, NFT Royalties are a foolproof way for creators and traders to guarantee a profit out of this Web3 market. Are you curious to find out how much money the top NFT projects made just from the royalty fee percentage? Let’s delve into the top NFT project royalties!

    Basically, NFT Project owners such as creators, flippers, or traders can earn royalty percentages up to 10%. And while each marketplace can customize its royalty fees as they wish, on average, royalty percentages between 5% to 10% are considered the standard.

    Without further ado, let’s jump right in!

    BAYC (How To Calculate Top NFT Project Royalties)

    First, let me explain how to calculate royalty earnings. We use the following formula based on the trade volume on OpenSea only:

    Royalty Revenue = Total Volume on OpenSea x Royalty Fees %

    Since the total volume on OpenSea is in ETH, the royalty revenue we get will be in ETH. But, we can see how much it is in USD per the ETH rate. It’s pretty simple. However, I’ll be demonstrating just once for clarity’s sake. And we’ll take the iconic BAYC NFT as our demo. 

    BAYC OpenSea

    • Total Volume: 709,867 ETH
    • Royalty Fees: 2.5%
    • Project’s revenue = total volume (709,867) x royalty fees (0.025) = 17,746.675 ETH

    Per the ETH rate at the time of writing, that’s around $27.8M.

    Top NFT Project Royalties

    Now that you know the formula, let’s check the top NFT project royalties. We listed them based on who made the most royalty revenue, to the one who made the less.

    Otherdeed For Otherside

    Otherside Metaverse

    First, on top of our list, otherdeed otherside.

    • Volume Traded: 370,235 ETH
    • Royalty Percentage: 5%

    As a result, the royalty revenue estimate of Otherdeed will be 18,511.75 ETH or around $29M. (per the ETH rate at the time of writing)

    Azuki

    Azuki NFT Collection - ChainWitcher

    Take into consideration the values below:

    • Volume Traded: 273,948 ETH
    • Royalty Percentage: 5%

    As a result, the royalty revenue estimate of Azuki will be 13,697.4 ETH which is around $21.4M. (per the ETH rate at the time of writing)

    CloneX

    CloneX Top NFT Project Royalties

    Take into consideration the values below to calculate top NFT project royalties:

    • Volume Traded: 246,707 ETH
    • Royalty Percentage: 5%

    Overall, the royalty revenue estimate of CloneX will be 12,335.35 ETH or around $19.3M. (per the ETH rate at the time of writing)

    Moonbirds

    Moonbirds Top NFT Project Royalties

    Take into consideration the values below:

    • Volume Traded: 177,438 ETH
    • Royalty Percentage: 5%

    Finally, the royalty revenue estimate of MoonBirds will be 8,871.9 ETH or around $13.8M. (per the ETH rate at the time of writing)

    Doodles

    Doodles

    Take into consideration the values below:

    • Volume Traded: 155,215 ETH
    • Royalty Percentage: 5%

    So, the royalty revenue estimate of Doodles will be 7,760.75 ETH or around $12.1M. (per the ETH rate at the time of writing)

    Cool Cats 

    Cool Cats

    Take into consideration the values below:

    • Volume Traded: 116,782 ETH
    • Royalty Percentage: 5%

    So, the royalty revenue estimate of Cool Cats will be 5,839.1 ETH or around $9.1M. (per the ETH rate at the time of writing)

    Pudgy Penguins

    pudgy-penguin-top-nft-project-royalties

    Take into consideration the values below:

    • Volume Traded: 69,183 ETH
    • Royalty Percentage: 5%

    Finally, the royalty revenue estimate of Pudgy Penguins will be 3,459.15 ETH or $5.4M. (per the ETH rate at the time of writing)

    World of Women

    World of Women

    Take into consideration the values below to calculate the top projects NFT royalties:

    • Volume Traded: 74,279 ETH
    • Royalty Percentage: 4%

    Alas, the royalty revenue estimate of WoW will be 2,971.16 ETH or $4.6M. (per the ETH rate at the time of writing)

    Valhalla

    valhalla Top NFT Project Royalties

    Take into consideration the values below:

    • Volume Traded: 14,412 ETH
    • Royalty Percentage: 5%

    After calculations, the royalty revenue estimate of Valhalla will be 720.6 ETH or $1.1M. (per the ETH rate at the time of writing)

    Sappy Seals

    sappy-seals-top-NFT-project-Royalties

    Take into consideration the values below:

    • Volume Traded: 13,874 ETH
    • Royalty Percentage: 4.5%

    Accordingly, the royalty revenue estimate of SappySeals will be 624.33 ETH or around $978.1K. (per the ETH rate at the time of writing)

    KPR

    KPR Top NFT Project Royalties

    Take into consideration the values below to calculate the top projects NFT royalties:

    • Volume Traded: 3,722 ETH
    • Royalty Percentage: 5%

    As a result, the royalty revenue estimate of KPR will be 186.1 ETH or $291.5K. (per the ETH rate at the time of writing)

    Graph Sum up of Top NFT Projects Royalties

    TOP NFT project royalties

    Top NFT Project Royalties: The Takeaway

    As we can see based on the top NFT project royalties, royalties play a crucial role in revenues. For example, even though BAYC had a bigger trade volume than Otherdeed, it made less royalties revenue. Why? simply because otherdeed has a higher royalty fee (5%) than BAYC (2.5%).

    Without a doubt, major Web3 companies use NFT royalties as project liquidity or to kickstart new projects. This is the ideal scenario. However, in some cases where artists are not planning on releasing any new NFT projects, they might choose to line their pockets with money made from royalties rather than reinvest. At the end of the day, it’s up to them!

    Evidently, you gotta make sure to know your audience prior to setting your desired royalty percentage. Moreover, identifying the overall costs associated with your NFT project is very important!

    Finally, if you wish to learn more about royalties as a general concept, check out our guide right here. Certainly, if you’re looking for a full NFT recap of 2022, we’ve got you covered! Stay tuned for more!

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Stay in the Loop

    Stay in the loop with blockchain Witcher and get the lastest updates.

     

    Latest stories

    You might also like...