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Licensing-to-earn protocol turns intellectual property rights into RWAs
A Web3 project enabling the tokenization of intellectual property rights took the first steps toward launch, with the first framework recently hitting the market.
BeatSwap, a full-stack infrastructure that brings IP rights onchain, recently launched its first platform.
Royalties are how artists and creators live off their work. But what should flow like a steady stream often turns into a trickle by the time it reaches them.
Intellectual property (IP) makes its way to the audience through intermediaries in traditional markets. At each step, a cut is taken under long contracts with dense legal language that are difficult for creators to track or compare. By the time payments make their rounds, much of the value their work generated has already slipped elsewhere, buried in splits and figures the creator never sees in full.
Such a system has its downsides for consumers as well. Traditional royalty designs are a one-way street for fans; their support stops at the checkout, with no clear view of where their money flows or any share in the possible appreciation of the work they support.
Web3 platform BeatSwap presents a blockchain-based solution that removes the middleman from the process and puts both creators and the audience in the driver’s seat of the creator economy.
IP rights guarded onchain
BeatSwap is a full-stack Web3 infrastructure that allows creators to register and tokenize IP rights through its RWA-Launcher architecture. These real-world assets (RWA) enable owners to receive royalties from the tokenized work without any intermediary involved.
Unlike non-fungible tokens (NFTs), a widespread method for tokenizing IP, RWAs can be fractionalized. This means both the creator and the fans can have a stake in the IP and gain a right to its appreciation and revenue stream.
Alongside the royalties paid out in USDT, participants also receive BTX, the ecosystem’s native token, through the licensing-to-earn mechanism, adding an additional layer of rewards.
BeatSwap utilizes decentralized physical network (DePIN) infrastructures to track usage data and takes monthly snapshots to determine distributions. Constant onchain records allow all parties to gain a transparent view of how each work is used, how much revenue it generates and how royalty payments are shared.$BTC $PI