How does the platform track secondary sales?
The platform tracks secondary sales (including royalties) off-chain and builds an internal ledger. We maintain a robust record of every transaction that will be available to your team for tracking, bookkeeping, and reporting.
The collegiate space is changing more regularly than ever before. We developed Dynamic Royalties™️ to allow you to update your revenue allocations as you need in the future.
Once a NFT is minted, you cannot change the royalties, but with our proprietary Dynamic Royalty system, you can update allocations as your business changes.
Royalty Rights Past
5/2/2021 - 12/31/2021
Royalty Rights CURRENT
1/1/2022 - 6/30/2025
Royalty Rights FUTURE
7/1/2025 +
We are using Circle as a payment processing provider, to support credit card transactions for both primary and secondary sales, which necessitates off-chain sales.
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