---
description: Details of the IP category in Spotlight Protocol.
---

# 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.&#x20;

Once your IP is established, anyone can create derivatives from it, which can include new IPs or tokens.&#x20;

### 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.&#x20;
* Description
  * The The detailed description of the IP, outlining its purpose, ownership, and rights within the Spotlight ecosystem.&#x20;
* 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.

<figure><img src="https://795141649-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FP7ys37FS4uuDoHHYQNHg%2Fuploads%2FA3Eryr7J5yncEMKvsEka%2F%E6%88%AA%E5%9C%96%202025-02-12%20%E4%B8%8B%E5%8D%881.56.04.png?alt=media&#x26;token=cbb9f32f-c3ae-49ca-a188-c7e25d0c3b23" alt=""><figcaption><p>Spotlight IP details</p></figcaption></figure>

### 1-3 Spotlight IP on-chain metadata

<table><thead><tr><th width="184">Property Name</th><th>Type</th><th>Description</th></tr></thead><tbody><tr><td><code>title</code></td><td><code>string</code></td><td>Title of the IP</td></tr><tr><td><code>description</code></td><td><code>string</code></td><td>Description of the IP</td></tr><tr><td><code>ipType</code></td><td><code>string</code></td><td>Type of the IP, here is "Spotlight IP"</td></tr><tr><td><code>creators</code></td><td><code>IpCreator[]</code></td><td>An array of information about the creators which includes name, address, contributePercent</td></tr><tr><td><code>createdAt</code></td><td><code>string</code></td><td>Date/Time that the IP was created</td></tr><tr><td><code>relationships</code></td><td><code>IpRelationship[]</code></td><td>The parent info of this IP</td></tr></tbody></table>

## 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&#x20;
  * 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.

<figure><img src="https://795141649-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FP7ys37FS4uuDoHHYQNHg%2Fuploads%2FCwOHO1RzqwMrs4TUO8Sx%2F%E6%88%AA%E5%9C%96%202025-02-12%20%E4%B8%8B%E5%8D%885.05.39.png?alt=media&#x26;token=501711d0-18f5-4490-a3d2-9d909c490c6f" alt=""><figcaption><p>Testing  Memecoin IP's token</p></figcaption></figure>



### 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.

<table><thead><tr><th width="229">Property Name</th><th>Value</th><th>Description</th></tr></thead><tbody><tr><td><code>defaultMintingFee</code></td><td><code>0</code></td><td>The fee to be paid when minting a license.</td></tr><tr><td><code>royaltyPolicy</code></td><td><code>RoyaltyPolicyLRP</code></td><td>The royalty policy.</td></tr><tr><td><code>transferable</code></td><td><code>false</code></td><td>If false, the License Token cannot be transferred once it is minted to a recipient address.</td></tr><tr><td><code>expiration</code></td><td><code>0</code></td><td>The expiration period of the license.</td></tr><tr><td>commercialUse</td><td><code>true</code></td><td>You can make money from using the original IP Asset, subject to limitations below.</td></tr><tr><td><code>commercialRevShare</code></td><td><code>10%</code></td><td>Amount of revenue that must be shared with the licensor.</td></tr><tr><td><code>derivativesAllowed</code></td><td><code>true</code></td><td>Indicates whether the licensee can create derivatives of his work or not.</td></tr><tr><td><code>derivativesAttribution</code></td><td><code>true</code></td><td>If true, derivatives that are made must give credit to the original work.</td></tr><tr><td><code>derivativesApproval</code></td><td><code>false</code></td><td>If true, the licensor must approve derivatives of the work.</td></tr><tr><td><code>derivativesReciprocal</code></td><td><code>true</code></td><td>If true, derivatives of this derivative can be created indefinitely as long as they have the exact same terms.</td></tr><tr><td><code>derivativeRevCeiling</code></td><td><code>999999999</code></td><td>If <code>commercialUse</code> is set to true, this value determines the maximum revenue you can earn from derivative works.</td></tr></tbody></table>

## 4. Audience

The **Audience** count represents the total number of derivatives created from your original IP, reflecting its reach and influence within the ecosystem.&#x20;

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**.







