📘IPs

Details of the IP category in Spotlight Protocol.

1. Spotlight IP

1-1 Introduction

Spotlight IP is your go-to platform for creating on-chain intellectual property (IP). Whether it's a concept, project, or brand, you can easily create your own IP with a customized name and description.

Once your IP is established, anyone can create derivatives from it, which can include new IPs or tokens.

1-2 Spotlight IP Details

A Spotlight IP contains following information:

• Name

  • The name of the IP, serving as its identifier within the Spotlight Protocol ecosystem.

• Description

  • The The detailed description of the IP, outlining its purpose, ownership, and rights within the Spotlight ecosystem.

• Creator

  • The original Spotlight IP creator, identified by their Twitter handle.

• Audience

  • Audience represents the number of derivatives linked to your original IP, reflecting its reach and influence in the ecosystem.

• Spotlight Terms

  • A unique set of IP terms created and enforced by Spotlight Protocol, defining how the IP can be used, modified, and monetized.

• Royalties

  • Royalty is determined by Spotlight Terms and is currently set at 10%, ensuring that creators receive a share of revenue from derivatives.

• Derivatives

  • Spotlight

    • Spotlight IPs that are built upon the original IP, expanding its ecosystem while adhering to Spotlight Terms and royalty structures.

  • Token

    • Tokens created from the original IP, backed by an IP classified as a "Memecoin IP." These tokens can be used for trading, governance, and rewarding engagement within the ecosystem, providing a new way for IPs to gain value and recognition.

Spotlight IP details

1-3 Spotlight IP on-chain metadata

Property Name	Type	Description
title	string	Title of the IP
description	string	Description of the IP
ipType	string	Type of the IP, here is "Spotlight IP"
creators	IpCreator[]	An array of information about the creators which includes name, address, contributePercent
createdAt	string	Date/Time that the IP was created
relationships	IpRelationship[]	The parent info of this IP

2. Memecoin IP

2-1 Introduction

Memecoin IP is a unique IP type created by Spotlight Protocol that records detailed information about a token. Tokens created on Spotlight Protocol are backed by a real IP.

By leveraging the IP-backed mechanism, these tokens can seamlessly track their original IP, ensuring transparency, authenticity, and stronger connections between IP creators and token ecosystems.

2-2 Memecoin IP's token info

A Memecoin IP's token info contains following information:

• Name

  • The name of the created token, serving as its identifier within the token and IP.

• Symbol

  • The symbol of the created token.

• CA

  • The contract addrress of the created token.

• Description

  • The detailed description of the token, outlining its purpose and the vision.

• Creator

  • The original Memecoin IP and token creator, identified by their Twitter handle.

• Originated Spotlight

  • Originated Spotlight is the IP where this token created from.

• Originated Audience

  • Originated Audience represents the audience number of original parent IP.

• Original

  • Original is a metric that classify the type The original is a metric that classifies the type of token. Token.

    • Original Token: A token created by the same creator as the originating Spotlight IP.

    • Derivative Token: A token created by someone other than the originating Spotlight IP’s creator.

    • New Token: A token created independently, without any backing from existing Spotlight IP.

Testing Memecoin IP's token

2-3 Memecoin IP on-chain metadata

Property Name	Type	Description
title	string	Title of the IP
description	string	Description of the IP
ipType	string	Type of the IP, here is "Spotlight IP"
creators	IpCreator[]	An array of information about the creators which includes name, address, contributePercent.
createdAt	string	Date/Time that the IP was created
relationships	IpRelationship[]	The parent info of this IP
attributes	IpAttribute[]	The info of Token which include token address, IP NFT address and ID.

3. IP Terms

Spotlight Protocol uses customized IP Terms to govern all IPs within its ecosystem. Both Spotlight IP and Memecoin IP must adhere to these terms, ensuring consistency, transparency, and fair usage across the platform.

Property Name	Value	Description
defaultMintingFee	0	The fee to be paid when minting a license.
royaltyPolicy	RoyaltyPolicyLRP	The royalty policy.
transferable	false	If false, the License Token cannot be transferred once it is minted to a recipient address.
expiration	0	The expiration period of the license.
commercialUse	true	You can make money from using the original IP Asset, subject to limitations below.
commercialRevShare	10%	Amount of revenue that must be shared with the licensor.
derivativesAllowed	true	Indicates whether the licensee can create derivatives of his work or not.
derivativesAttribution	true	If true, derivatives that are made must give credit to the original work.
derivativesApproval	false	If true, the licensor must approve derivatives of the work.
derivativesReciprocal	true	If true, derivatives of this derivative can be created indefinitely as long as they have the exact same terms.
derivativeRevCeiling	999999999	If commercialUse is set to true, this value determines the maximum revenue you can earn from derivative works.

4. Audience

The Audience count represents the total number of derivatives created from your original IP, reflecting its reach and influence within the ecosystem.

This metric provides insight into the true usage of an IP, helping to determine its popularity and adoption. The count may also be subject to changes based on Spotlight Protocol's platform policy.