# IPs ## 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.

### 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.

### 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**.