adam.IP - copyright management and registry solution for the creator economy

Project description

adam.IP is a copyright management and registry solution for the creator economy. Creators will be able to register the authorship of their digital creations and license their content in an Intellectual Property (IP) compliant manner to licensees. The licenses take the shape of a SecretNFT and only the holders of these shall have access to the decentralized stored digital creations.

The problem / solution

Unlike trademarks, design rights and patents, creators are not required to register their works to obtain copyright and no formal copyright notice is required to claim protection. A copyright is deemed to exist with the creation of the work. The issue is that the work’s authorship is hard to prove.

This problem is further exacerbated with digital creations. The development of technology has enabled people to consume content at an unprecedent scale in exchange for no payment to creators. From an IP standpoint, this represents a challenge for creators to protect, manage and monetize their works.

Stakeholders – including creators, streaming services and distribution platforms – have been ignoring this, resulting in:

A lack of creators’ rights enforcement
Complicated IP law compliance for end-users

The dawn of Web 3.0, with its decentralized nature, represents a challenge yet to overcome and the biggest opportunity to create new business models for creators, backed by enforceable IP rights.

In particular, adam.IP will focus in the following 4 points:

Royalties: Creators will be entitled to a share of future royalty payments.
Monetization: Upfront payment to access a work and maximation of potential monetization.
Power to creators: Distribution platforms will have to license the works, under the creators’ terms.
Authorship: Creators’ rights shall be respected and enforced.

By solving these, adam.IP will be the backbone of the creator economy.

Product Description

adam.IP shall have 3 main features:

DAM: Digital Asset Management interface for creators to manage copyrights.
IP on Blockchain: Copyright and digital works registered on-chain, with licensing taking the form of a SecretNFT.
KYC for creators: Creators are identified and accountable for their works’ claims.

Adam.IP’s framework is summarized as follows:

• Registration

Creators register their works
The registration will deploy a smart contract, which is owned by the creator, and represents the registration of the work’s authorship
Digital work is stored in a decentralized solution (IPFS or similar)
The created smart contract will enable the minting of licenses (SecretNFTs)

• Licensing

Before licensing, the creator will be subject to KYC validation
The licensing terms are defined
License /SecretNFT – adam.IP’s SecretNFT – is minted and made available in public marketplace
Acquisition and transaction of licenses / SecretNFT among licensees (development of both primary and secondary markets)
License / SecretNFT holder with access to digital creations (under defined conditions)

• Copyright management

Creator manages registered copyright
Check granted licenses and its main terms
Check royalties balance account
Promote works via social media / community-based platforms
Access to other services, such as IP appraisal, IP enforcement

• Registry

Registration of smart contracts, minted SecretNFTs and transactions
Global copyright registry

Go-to-market plan

Our go-to-market plan will be split in 4 stages:

Launch of NFTairdrop in Stashh of adam.ip’s SecretNFTs by a selection of creators
Collaboration with copyright-rich entities, to license their copyrights with adam.ip’s SecretNFTs
Establish partnerships with cultural institutions and arts education schools to promote the importance of copyright and adam.ip as a solution
General marketing to attract creators (licensors) and potential licensees (companies and individual end-users, collective copyright entities, distribution, and streaming services, etc.)

Value capture for Secret Network ecosystem

The use of the Secret.NFT as a fully compliant copyright license would represent a new use case for Secret Nework, and one capable of transforming and supporting the new creator economy. The privacy feature of the Secret.NFT perfectly suits our requirements to add the necessary metadata and protect the access to store information / content, as this should only be accessed by the owner of the Secret.NFT, i.e. the licensee. We believe that development of adam.IP’s NFT would increase the number of potential users, including driving more users to the Stashh marketplace, where these Secret.NFTs could be transacted. By creating a secondary market, where the same license maybe transacted multiple times, the creator may be entitled to a cut of each transaction or of each generated royalty. This would be an enormous incentive for more and more users to use adam.IP’s SecretNFT. Last but not least, while it is possible to build the project on ERC-721 standard, the possibility to have a single digital creation generating multiple licenses, therefore minting multiple NFTs, would be relevant to eventually move to ERC-1151. As this is part of Secret Network’s development calendar, we believe we could help in accelerating such development by creating the necessary uses cases for it.

Team members

Tiago Sequeira (Linkedin, Discord handle: Bgod#9600) Gonçalo Simões de Almeida (Linkedin, Discord handle: Goncalosimdal#3122) Diogo Costa (Linkedin, GitHub, handle: DC1991#2155)

Development road

Calendar	Development / objective
Until June 22	Development of project core features: 1) Development of smart contracts that will mint SecretNFTs 2) Development of Dapp: users’s interface and to deploy smart contracts
Until Q3 22	1)Development of main services: registration, inventory and licensing 2) Marketing efforts to grow community, attract users and establish partnerships
Until Q1 23	Development of further services: passive licensing and matchmaking services

Future plans

Our vision for adam.ip is to establish it as the backbone of the new creator economy, where creators may protect and monetize their works. Licensees of the works will have the legal certainty that they will not be infringing any copyright. The registration of these movements, will allow adam.ip to build the world’s largest pool of copyrights, which will allow us to build several layers of services, including IP protection services, IP funding and even a developed IP investment market. Most importantly, our main ambition is to grow adam.ip into a DAO, positioning creators as the main stakeholder and key decision maker. In summary, adam.ip will empower creators and change the entire industry.

scrtlabs / Grants