How to read a JPG Smart contract Transaction on CardanoScan

1 min. readlast update: 01.09.2024

CardanoScan can be tricky to read if you aren't used to how it's written. Add into that the complexities of Smart Contract transactions and it can be a lot to figure out. Below is a breakdown of what happens in a smart contract transaction and what all is included in a purchase transaction. 

In a purchase transaction, there are four things that occur:

  1. The buyer receives the NFT (as well as 1.2-1.3 ada)
  2. The seller receives their portion of the proceeds
  3. The collection receives their percentage of royalties
  4. JPG receives their 2% fee

Let's take a look at this in a transaction on CardanoScan. The easiest way to do this is to open CardanoScan, click on UTXO (as this will break down the TX entirely) and then look at the "received" portion of the Transaction (the bottom half):

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