How Your Customers Can Create Splits Contracts
This guide provides an overview of how customers of your distribution service can create royalty split smart contracts with SHARE.
Why Would Your Customer Create a Splits Contract?
Splits contracts are analogous to digital split sheets that can automatically route payments. By creating a smart contract, customers can use it as a payee which receives and distributes royalties on the blockchain in realtime. This means customers can get the benefits of realtime payments and unlimited splits among collaborators and fans.
Integration Options
Depending on the goal there are several options for creating smart contracts which act as recipients of funds for tracks.
API Integration Receive and split earnings from payments made via Payouts API within your service. In this case, the payments are delivered programmatically by your service.
Payments are not advanced by FORMLESS and therefore customers would not add [email protected] to splits.
For this option, customers can create their smart contract via the SHARE UI and the ID of the contract can be used as the payee in your system. Please see Create a Community Splits Contract using SHARE UI for steps your customers take.
No-Code Integration Help a customer to connect earnings from DSPs to a smart contract with splits by adding [email protected] as a payee in splits within your distribution platform. In this case, the payments are delivered programmatically by FORMLESS.
Payments are micro-advanced and are subject to certain restrictions regarding earnings projections and customer vetting.
For this option, customers are encouraged to use a form. Please see Connect Track Earnings to a Smart Contract guide as a reference. Note that this option is currently only available in pilot mode for Symphonic Distribution customers.
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