Mint NFT art on OpenSea with automated smart contract royalties
Artists earn royalties automatically through on-chain smart contracts when their NFT art is resold. OpenSea offers a user-friendly interface, free minting tools, no listing fees, and charges only a 2.5% fee on sales. Artists can use lazy minting where the buyer pays the minting fee at sale, or mint directly on Layer 2 networks like Polygon for fractions of a cent. This creates one-time work (creating the art) that generates passive income whenever the NFT changes hands, indefinitely.
Not financial, legal, or tax advice. Verify independently before acting.
Independent check: The claim is false because OpenSea does not enforce royalties automatically via on-chain smart contracts alone; artists must manually set royalty recipients and fees on OpenSea's website (as smart contracts lack automatic enforcement per [5]), and while OpenSea resumed enforcing royalties in 2024 (as noted in [4]), it is not automatic by default without user action.
Sources
Independent verifier's sources
- https://www.youtube.com/watch?v=h6Fb_dPZCd0
- https://stackoverflow.com/questions/70551485/can-opensea-royalty-payments-be-made-to-a-smart-contract
- https://www.reddit.com/r/0xPolygon/comments/spz0e8/royalties_and_smart_contract_question/
- https://digitalcommons.law.uw.edu/context/wjlta/article/1349/viewcontent/3__The_Paradoxical_Solution_To_Enforce_Resale_Royalties_And_Keep_The_NFT_Market_Decentralized__Holcomb.pdf
- https://archive.trufflesuite.com/guides/nft-royalty/
Not financial, legal, or tax advice. Verify independently before acting.