NFT Market

Subcategories

Collabhouse’s NFT Market uses blockchain and smart contracting technology to enable Music Makers, their fans and NFT collectors to sell, buy, and trade royalty splits as NFTs. The royalty split NFTs for sale on the market grant their buyer the right to collect a certain percentage of a track’s distribution royalties earned through Collabhouse for a minimum period of 5 years. NFTs are available from € 50, -, and can be freely traded on secondary marketplaces such as OpenSea. 

 

Music Makers can tap into a new royalty stream by allowing their fans to support them and participate in their success by offering NFTs.Easily create and sell royalty split NFTs on tracks you distribute through Collabhouse for free. You can sell up to 50% of a track’s distribution royalties as NFTs and determine what royalty percentage to sell, the number of NFTs and their sales price.

 

Fans & Collectors can support tracks and artists they love or believe in by collecting Collabhouse NFTs. Browse the NFT Market to find tracks and artists you genuinely feel and buy royalty split NFTs to help fund the artist’s marketing efforts or next project.Help boost their exposure and share in success. Watch your NFT royalties grow as your track and artist’s popularity grows.

A Collabhouse royalty split NFT is a non-fungible token that allows its owner the right to claim a certain percentage of all distribution royalties generated by a certain track through Collabhouse from Collabhouse. Each royalty split NFT available on the NFT Market includes the right to claim the percentage of royalties of a track for a minimum period of 5 years. Royalties earned by the NFT can be claimed by the NFT owner directly at Collabhouse by connecting their crypto-wallet.

For MUSIC MAKERS

You can create and sell NFTs on any track you distribute through Collabhouse. As soon as your release is distributed to Music Services through Collabhouse, you have the ability to create NFT drops for it. Go to ‘Releases’ in ‘My Collabhouse’, select a release and go to the ‘Create NFTs’ tab of your release. Select on what track you want to create a drop, indicate the royalty percentage you want to include, the amount of NFTs you want to create, their sales price, create your drop and offer it for sale on the NFT Market. 

After creating your NFTs, the included royalty split will be automatically deducted from your royalties. Please note, creating a NFT drop on a track will automatically extend the minimum distribution period of your release with 5 years and switch your release’s distribution model to the 5% commission model (allowing you to collect 95% of the track’s distribution royalties for the remainder of the distribution period).

It is completely free for Music Makers to create royalty split NFTs on tracks they distribute through Collabhouse. Collabhouse takes a 25% commission on any NFTs sold, the remaining 75% is paid out to the rightsholder(s) of the track in accordance with royalty splits provided. Please note, creating a NFT drop on a track will automatically extend the minimum distribution period of your release with 5 years and switch your release’s distribution model to the 5% commission model (allowing you to collect 95% of the track’s distribution royalties for the remainder of the distribution period).

As soon as you create a NFT drop on one of your tracks, the NFTs will become available for sale on Collabhouse’s NFT Market immediately. Any Collabhouse user with a crypto-wallet will be able to buy them. Your NFTs are minted on the Polygon blockchain and transferred to the buyer’s crypto-wallet as soon as someone buys them. 

The royalty split you include in your NFT drop will be deducted from your track distribution royalties right away and reserved for the NFT’s future owner to claim.

Revenue collected from sales of your NFTs on the NFT Market is accounted and paid out to you on a daily basis in accordance with the track recording royalty splits provided. 

You can change the sales price of the unsold NFTs of a particular NFT drop at any time on the ‘Create NFTs’ tab of your release. Please note, once NFTs are created, they cannot be undone.Creating a NFT drop on a track will automatically extend the minimum distribution period of your release with 5 years and switch your release’s distribution model to the 5% commission model (allowing you to collect 95% of the track’s distribution royalties for the remainder of the distribution period).

You can change the sales price of your unsold royalty split NFTs at any time. Price changes made will be reflected almost immediately in the NFT Market and apply to all unsold NFTs included in that particular NFT drop. To change the sales price of the unsold NFTs of a particular drop, go to ‘Releases’ tab in ‘My Collabhouse and select the relevant release. Then open the ‘Create NFT’ tab of that release and select the pencil icon of the NFT drop for which you want to amend the price. Provide your new sales price and click ‘Apply’ to save and apply your new sales price.

Once NFTs are created, they cannot be undone! NFTs you create, cannot be removed from the NFT Market during the distribution period of your release unless someone buys them.

For FANS & NFT COLLECTORS

To buy a Collabhouse royalty split NFT, you must first connect your crypto-wallet to Collabhouse. We accept all major crypto-wallets, including MetaMask and Coinbase. 

If you do not have a crypto-wallet, you can simply create and install one by following these steps to create your MetaMask crypto-wallet. 

You can connect your crypto-wallet as part of the NFT buy process or by clicking ‘Connect wallet’ at the top-right of the Collab Market and following the steps indicated.

Once your wallet is connected, you can buy a NFT using your PayPal account, debit- or credit card. No cryptocurrency needed to buy a Collabhouse NFT. After payment, the NFT is minted on the Polygon blockchain and automatically transferred to your crypto-wallet. You will automatically receive an invoice via email. 

For an overview of your Collabhouse NFTs, connect your wallet and go to the ‘NFTs’ tab in ‘My Collabhouse’.

To buy Collabhouse NFTs and view and claim royalties on your NFTs, you must first connect your crypto-wallet to Collabhouse. We accept all major crypto-wallet provided, including MetaMask and Coinbase. You can connect your crypto-wallet as part of the NFT buy process or by clicking ‘Connect wallet’ at the top-right of the Collab Market and following the steps indicated.

If you do not have a crypto-wallet, you can simply create and install a MetaMask wallet by following these steps.

Collabhouse NFTs you buy are minted on the Polygon blockchain and transferred to your connected crypto-wallet as soon as you made payment. It may take a few minutes before your NFT is minted and visible in your wallet. As soon as your NFT is in your wallet, it allows you to claim your NFT royalty split of the track’s distribution royalties directly at Collabhouse. Each NFT includes a royalty split on at least 5 years of Collabhouse track distribution royalties. 

For an overview of your Collabhouse NFTs, connect your wallet to your account and go to the ‘NFT’ tab of ‘My Collabhouse’. On this NFT tab, you can find your Collabhouse NFTs, including the amount of royalties you can claim on each of them.To claim your claimable NFT royalties simply click the ’Claim royalties’ button next to your NFT and the royalties will be added to your royalty balance for you to withdraw. 

You can resell your Collabhouse NFT on most secondary marketplaces, including OpenSea.

Owning a Collabhouse NFT gives you the right to claim the NFT royalty split of a track’s distribution royalties earned through Collabhouse. We guarantee that each NFTs includes a percentage on recording distribution royalties earned through Collabhouse for a minimum period of 5 years. Distribution royalties are received and paid out monthly, usually towards the end of each month. NFT owners can claim their NFT royalty split directly at Collabhouse by connecting their crypto-wallet. To withdraw your royalties, you must first provide your invoice and bank details. Royalty payments will be made in Euros to the bank account you provide.

Yes, you can resell your Collabhouse NFTs on most secondary marketplaces, including OpenSea. You are also free to give away and transfer your Collabhouse NFT to someone else’s crypto-wallet.

To view and claim your Collabhouse NFT royalty splits, login to your Collabhouse account and connect your crypto-wallet. You can connect your wallet by clicking the ‘Connect wallet’ button at the top-right of the NFT Market or on your dashboard and following the instructions. Now, navigate to ‘NFTs’ in ‘My Collabhouse. Here you can find an overview of your Collabhouse NFTs including the total amount of royalties already claimed and still payable on each NFT. To claim pending royalties on your NFT, simply click the green ‘Claim royalties’ button next to your NFT, and the amount of pending royalties is transferred from the NFT to your Collabhouse royalty balance. As soon as your NFT royalties have been added to your royalty balance and your balance reaches our payment threshold of €10, -, you can withdraw your balance. Payment of your royalty balance will then be made to the bank account provided in ‘My Settings’. You will also receive a self-bill invoice.