An NFT is a digital asset built on the blockchain with a unique identifier giving it a certificate of authenticity and ownership.
Creators with coins on Rally.io can create NFTs and offer them to their community members as a benefit of being a coin holder.
NFTs have a lot of uses - from granting admission to selling unique artwork - all while fostering more community engagement.
Why Mint on Rally vs MainNet
💰Zero (gas) fees on all NFTs
🌱Low environmental impact
🔗Connected to creator’s Coin
The unique piece that you create that can be made into a NFT.
The collectable individual editions of that creation.
A collection of creations made by a creator. A creator can have multiple collections.
The secondary marketplace where NFT owners can resell their NFTs. Only NFTs minted on the Rally sidechain can be sold through the marketplace and these NFTs cannot be bridged out to sell in mainnet marketplaces.
On Rally, you will have the ability to earn money on all primary and secondary sales of your NFT. In both cases, you can determine the percent of revenue that comes back to you the creator, and also any other account that you’d like to benefit from your sales, such as any artists or musicians you collaborated with, a cause you care about, a business partner, etc. Anyone you wish to share your earnings with will have to have a Rally account in order to earn royalties.
When you set up your NFT you will have the opportunity to designate both primary royalty and secondary royalty percentage amounts. The default for primary royalties is 100% to the creator. The typical secondary royalty is 10% (note: this percentage will be public).
You can choose to set your secondary sales royalties to whatever you wish. We recommend you consider how your royalties might impact future sales, as it might demotivate buyers and cannot be changed once the NFT is minted.