Purchasing cryptocurrencies with credit cards or via ACH online banking will trigger a trade hold for the transacting user. This will prevent NFT trade activity (purchases, sales and offers) for a period of 72 hours, for enhanced security.
Kraken recognizes the creator revolution inherent to NFTs - for the first time in history, creators have a framework that ensures that they benefit from each secondary market sale of their work. This is possible because at their core, NFTs are code that lives on the blockchain. Creators interested in secondary sales earnings can opt to include code like EIP-2981 in their own collection. Separately, many NFT marketplaces will reserve a percentage of each sale of the creator’s work that takes place on the platform.
Kraken is fully committed to the emerging on-chain creator economy and keeps track of earnings reserved for creators for each sale occurring on Kraken NFT. Regular monthly payouts to creators are set to be rolled out soon. For any questions, comments or feedback please contact Support.
What are Creator Earnings?
How are Creator Earnings applied?
Who is eligible to receive Creator Earnings?
How are Creator Earnings paid?
Creator Earnings are paid in the original currency in which they were earned, so creators may receive multiple currencies. Kraken does not convert Creator Earnings currencies. Kraken cannot pay out currencies that are unsupported in the jurisdiction the creator resides in. Kraken is also unable to pay out creators if they reside in an unsupported jurisdiction such as Washington or New York state. Creator Earnings that cannot be paid out are held until circumstances change allowing them to be paid out (e.g. a creator moves to a supported jurisdiction) or otherwise indefinitely.
How can I receive Creator Earnings as the creator of a collection listed on Kraken?
Creators are solely responsible for communicating changes to the percentage and any other changes of significance if and when they occur.