Welcome to Popula newsletter issue #8! This week, we present three articles focusing on intellectual property, copyright, royalties, and related concepts, which are central themes we cherish and have extensively discussed. At Popula, we implement these ideas by systematically recording all user interactions and content on the blockchain. This approach establishes a distinct and unequivocal connection between the content and its creator. Additionally, we utilize Drips and mechanisms powered by Drips, including Drip Royalties, to establish a permanent and transparent ‘supply chain’ between creators and curators. This system effectively traces the origin of creations and their derivatives, emphasizing key aspects such as provenance, attribution, visibility, ownership, royalties, and co-creation.
Ecosystem and Industry Insights
The Zora team signs a concise and clear article about the intersection of AI-driven media creation and intellectual property (IP) ownership. It advocates for brands to embrace crypto and minting to own, monetize, and provide transparent provenance for their IP in the public domain. Minting is seen as a tool to steward IP transition and extend ownership to open-source models, akin to patenting in the digital realm. The article emphasizes the importance of verified media through minting, allowing consumers to easily confirm the authenticity of brand content globally. While recognizing the transformative potential of AI and public IP, it cautions against the lower barriers to entry for copycat content.
The article explores how blockchain technology is transforming the creator economy and intellectual property (IP). Blockchain provides transparency in asset creation, offering provenance for creators and enabling automatic royalty distribution. The article highlights emerging blockchain primitives, such as Disney's NFT-related patent and the EU's digital passport for products. Smart contracts can simplify licensing, fostering seamless collaboration and revenue sharing among creators. The article envisions a future where blockchain accelerates creativity by allowing artists to remix freely and encourages co-creation across various industries, including fashion and music. Overall, it foresees a more open, collaborative, and monetizable creator economy powered by blockchain. Interestingly, all the things described in this article are already possible on Popula.
The article addresses the decline in blockchain royalties within the art and PFPs market, noting significant drops in effective royalty rates over the past two years. Various platforms, including LooksRare, X2Y2, Sudoswap, OpenSea, and Blur, have played roles in this decline, with OpenSea even ceasing royalty enforcement on select projects. The data indicates a substantial decrease in total royalty earnings, with December 2023 experiencing a 96% reduction compared to January 2022. Despite variations by project type, the downward trend is evident, particularly affecting high-profile PFP projects. The article concludes by expressing a belief in reinforcing positive-sum behaviours in the art market, aiming for higher effective royalty rates to better support artists.
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Popula Spotlights and Community Updates
Community of the Week
NEAR Korea DAO: NEAR Korea DAO is a NEAR Protocol DAO led by the Korean community 🙌 It’s is a community-led initiative in South Korea, their goals are 👇
B - Building a strong community 🏗🤝
O - Onboarding new users into the world of NEAR 🌐
S - Spreading the word of NEAR across Korea 📣
🌐 Join the Near Korea DAO in shaping the future of blockchain! 🖤
Communities on Popula
Explore these communities and share your posts with us for potential inclusion in future newsletters.
Behind the Scenes and Product Updates
Speaking of intellectual property and digital ownership, what can Web3 bring to the table? We asked individuals about the impact of Web3 on these hot topics and discussed what Web3 could potentially do about it. To see what they think, watch it here!
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