How to use OpenSea’s new functionality to donate royalties to charity
One of the most exciting new features to roll out with OpenSea’s SeaPort upgrade is that you can now easily split earnings across multiple wallets.
This makes it easy to reward multiple collaborators, of course, but there’s another benefit: it’s now vastly simpler to include charitable donations in your project in an ongoing way.
If you’re in touch with a charity directly and they’ve provided you with a wallet to use that can handle ETH, WETH (and more, as needed), that’s great!
If not, there are several online platforms that facilitate donating directly in crypto, including Crypto for Charity, Endaoment, and The Giving Block.
However, only Crypto For Charity is fee-free and allows you to access nearly every single charity in the US (including many global charities with US partners).
Here’s how to get a wallet to use:
Fill out the brief form where you specify the charity (or “cause fund”) you wish to donate to and the chain your release is on
Plug the wallet address and desired % of royalties into the “creator earnings” section of your collection settings page on OpenSea
You’re all set! Now with every sale, that % of the sale will go to charity, and you won’t have to worry about any of the hassle of accounting for income that you then need to deduct from your taxes.
