IP Asset
IP Modifications & Restrictions
Learn about the modifications and restrictions for IP Assets
IP Asset Modifications
IP Assets can be modified/customized a few ways. For example, by setting the License Config which allows you to change a few things as you’ll see below, changing its metadata, and more. These things can always be changed unless there is a certain condition.| Action | Conditions | Via The… |
|---|---|---|
| Modify License Minting Fee | You can increase the minting fee. You cannot decrease it. | License Config |
| Modify Licensing Hook | The hook must be whitelisted in the Module Registry. | License Config |
Modify commercialRevShare | You can increase the rev share percentage. You cannot decrease it. However, you can set it to 0 to disable the overwrite. | License Config |
| Disable/Enable the License | License can be disabled or re-enabled at any time. Note that disabling a license disallows future licenses from being minted, but does not affect existing ones. | License Config |
| Modify Metadata | Cannot modify if the metadata is frozen. This is done by calling freezeMetadata in the CoreMetadataModule.sol. | CoreMetadataModule.sol |
License Hook Modifications
The IP can be further customized or modified using the License Hook. This is a function that gets set within the License Config that gets called before a License Token (or more simply, a “license”) is minted. There are various features you can implement with the License Hook, and are always modifiable:| Feature | Description |
|---|---|
| Dynamic License Fee | You can dynamically set the price of a license. For example, it can be updated dynamically via bonding curve logic. |
| Total # of Licenses | You can abort the function based on a maximum number of license tokens that can be minted. |
| Specific Receivers | You can restrict minting of license to a specific receiver. |
| More… | Additional licensing hook features can be implemented as required. |