Assign Royalty Splits to SHARE Protocol
This guide gives step by step instructions for how to connect royalty earnings from a Symphonic track into SHARE Protocol.
Last updated
This guide gives step by step instructions for how to connect royalty earnings from a Symphonic track into SHARE Protocol.
Last updated
This feature is currently in pilot stage and is available to select Symphonic customers only. If you're interested in working with us, please email info@formless.xyz.
First, please ensure you've added SHARE Protocol as a Payee in Symphonic by following the Add SHARE Protocol as a Payee guide.
Next, login to Symphonic and navigate to SplitShare -> Track Assignments.
Select a track and press Assign to Split -> New Split.
For payee, select "SHARE PROTOCOL" and set the percentage you'd like to connect to SHARE, for example, 100%. Optionally, you can name this split setup for future use. For example entire the name "SHARE PROTOCOL 100%".
In this example setup we choose to connect 100% of track earnings to SHARE and we'll let SHARE handle the downstream splits between collaborators and fans, if there are any. A breakdown of the options are below.
Route 100% of earnings to SHARE.
Only route a portion of earnings to SHARE.
All earnings are eligible for same day payouts. All collaborators and additional splits will be managed by SHARE.
The portion routed to SHARE is eligible for same day payouts. The portion not routed to SHARE will be paid out using the standard Symphonic payment schedules.
Done! Now that SHARE has been added as a payee on your track, you'll need to create a smart contract that sets up how you want payments to flow. You can achieve this using a simple form by following the Connect Track Earnings to a Smart Contract using a Form guide. If you're an advanced user and would like to use our API, follow the Connect Track Earnings to a Smart Contract using SHARE SDK guide. It is essential that you complete this setup. Earnings assigned to SHARE will not be paid out until the track is connected to a smart contract.
A smart contract is a lightweight agreement much like a music split sheet, but an electronic one. Smart contracts are just like normal contracts but they are easy to setup and include customization options like how payments and revenue splits flow in realtime.