NFT Intellect statements
We deliver detailed statements with every distribution in April, July, October, and December. The statements come in a PDF attachment with one of your member emails, or through your account in the NFT Intellect platform.
The component of your statement
NFT Intellect statements begin with an overview for the distribution period: as a total and as a chart that shows how your registered digital content was used (e.g. for promoting products, played on the radio, live performance, etc.).
It contains a detailed breakdown of how your content was used, timestamp, and place of use, along with the royalties that each has generated.
The information about any adjustments will also be indicated in the statement, such as changes to royalty shares, which affect how much you’ve been paid.
NFT Intellect Statements
Read the document on your NFT Intellect royalty payment statement to understand how we distribute royalties.
The minimum threshold for royalty payout is £30. This is to ensure we keep our processing costs as low as possible.
In case your royalty is paid into a non-UK bank account, the minimum threshold is £60.
Types of NFT Royalties
Royalty payments may cover many different types of property. Some of the more common types of royalties are book royalties, performance royalties, patent royalties, franchise royalties, and mineral royalties.
Book royalties: They are paid to authors by publishers. Typically, for every book that is sold, the author will receive an agreed amount.
Performance royalties: In this case, the owner of copyrighted music receives an amount whenever the music or song is played by a radio station, used in a movie, or otherwise used by a third party. A musician might rely on a private performing rights organization, such as ASCAP or BMI, to collect the royalties for them.
Patent royalties: Innovators or creators patent their products. Then, if a third party wants to use that same product of patent, they must enter into a licensing agreement that will require them to pay royalties to the patent owner. This way, the inventor is compensated for their intellectual property.
Franchise royalties: A franchisee, a business owner, will pay a royalty to the franchisor for the right to open a branch under the company name. For example, the cost to operate a McDonaldʼs franchise ranges from $1,008,000 to $2,214,080. This includes an initial franchise fee of $45,000 that must be paid to the McDonald’s Corporation.¹
Mineral royalties: Also called mineral rights, mineral royalties are paid by mineral extractors to property owners. The party that wants to extract the minerals will often pay the property owner an amount based on either revenue or units, such as barrels of oil or tons of coal.