From (Simon de la Rouviere) What is Programmable IP Licensing Good For?
Recently, Story Protocol announced a $140m raise for a new blockchain network focused on programmable IP and Licensing. This is a domain I was actively involved in from 2014-2019, having worked on Ujo Music where we created the first automated royalty payments prototype on Ethereum and created a framework with other pioneers for programmable open IP licensing (called COALA IP).
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Open vs Close + Liquid vs Illiquid
A 2x2 to plot this is to focus on two axes:
Closed vs Open IP
Closed is traditional. Rights reserved. IP owned by people and corporations and requires explicit agreements for exploitation. Open IP goes to Creative Commons and more radical vision of Creative Commons Zero to radical “fair use” as seen in the production of internet memes.Illiquid vs Liquid
Illiquid refers to the IP’s ability to be exploited and thus result in remuneration for its owners. Most illiquid is traditional IP that requires manual contracts and agreement. Most liquid is memecoins.(…)
