Question about this portion of code

[famictech2000]

const solanaMetadata = { symbol: "YC", seller_fee_basis_points: 1000, // Define how much % you want from secondary market sales 1000 = 10% external_url: "https://www.youtube.com/c/hashlipsnft", creators: [ { address: "7fXNuer5sbZtaTEPhtJ5g5gNtuyRoKkvxdjEjEnPN4mC", share: 100, }, ], };

Is this a royalty which gets paid back to you?

[freshfrogs]

I believe this is intended for you to change so that you can receive a % of sales every time one is sold, but I am also curious how this works, like what YC symbol means or the 1000 basis points as I am new to this

[RodmannNftArt]

The mentioned wallet I have found it in Solana Explorer :( I assume also that the address must be changed before run.

[alicedepa]

HI! I have a question about that too. I get a percentage when someone resell one NFT previously bought from me? Is that what secondary market means? Thanks!

[KS1388]

The creator goes to somebody else after creating NFTs. Do I have to change this to my wallet address?

[BurdBurdGod]

What if I am doing an ethereum collection? Will having that part affect my colllection?

[bolshoytoster]

@BurdBurdGod no.