The story protocol recently announced the acquisition of the partial copyright of two songs, “No one is love” from Maroon 5 and “Grows” for Katie Perry.
Copy of copyright to Maron 5 and Katy Perry can open a new wave of investment, making it easier for investors to reach the copyright sector for music. But do you really have the real world’s assets (RWA) in the music industry?
The story protocol is distinguished by the songs written by Maroon 5 & Katy Perry
According to The official announcement From the story protocol (IP), the ARIA – part of the ecosystem of the story – got a part of the copyright of successful songs, no one love for Maroon 5 and DiISIES by Katy Perry.
The choice of Maroon 5 and Katy Perry is likely to stem from putting them as first -class artists with huge fans bases. Maroon 5 won three Grammy Awards and sold more than 135 million records worldwide, while Katy Perry sold more than 100 million records, with many of the diamonds approved.
“Katie Perry and Maron 5 no longer not only top the plans – they top the investment portfolios,” Stuck X.
Each love of no one and the Azari have high broadcast numbers, which generates sustainable negative revenues. The copyright symbol of these songs allows the division of rights into digital symbols that investors can trade or keep.
This step is part of a broader plan to acquire parts of more than 50 food rights from the main artists, including BlackPink, Miley Cyrus, Justin Bieber and others, as before, as before. Declare By story protocol.
Does the copyright code for music have real potential?
Also highlighted by beincrypto, the real world’s asset icon indicates the process of converting material or incalculator assets into digital symbols on Blockchain. According to Coingecko data, as of the time of the press, the market value of RWA projects is more than $ 32 billion.
“It is clear that the largest financial market infrastructure in the world is witnessing a great opportunity arising from the ability of the DLT/Blockchain industry to connect the opposite parties around different forms of RWA,” He said Sergey Nazarov, co -founder of Chainlink.
Moreover, the recently distinguished code market Propagate The distinctive RWA market can reach $ 30 trillion by 2030, with leading sectors including securities, real estate, links and gold.
According to the World Intellectual Property Organization (WIPO), the economic value of intellectual property (IP)-including copyright, patents, and brands-is compatible between 38 % of global GDP, equivalent to more than 30 trillion dollars annually (based on global GDP of 80 trillion). The copyright industry alone (music, movies, and books) is about $ 5.8 trillion.
Despite its enormous value, the IP sector remains one of the lowest liquid asset categories. IP, licensing, or evaluating IP is often complex, takes a long time, and depends on legal intermediaries. IP can enable more transparent and efficient transactions and management through digital symbols, making this potential sector this story aimed at solving.
The upcoming opportunities and challenges of the story protocol
While RWA’s capabilities in the IP sector are indescribable, the story protocol still faces great challenges in capturing this market. First, the story is not the only project that focuses on RWA.
Competitors such as Oondo Finance (Oondo Chain), Centrifue and Makerdao have already existed. The story protocol is still relatively small, and it has just launched Mainnet, which means that it must clarify unique advantages in the iP position.
Second, IP is a legal recognition of organizations such as WIPO and compliance with the Berne Convention. Without overcoming these legal obstacles, the story protocol may fight to attract the main IP holders.
The transition of the story protocol to the copyright icon is in line with the successful songs with its broader strategy to enter the IP sector. However, success in this field will require proving its benefit, overcoming legal challenges and dependence on the market.
Disintegration
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