An ERC-721 NFT that allows you to register your IP as a derivative of another, based on the License Terms defined in the token
licenseTokenId
is global, as there is one License Token contract.
Once License Terms are attached to an IP Asset, it becomes public so that anyone can mint a License Token for those terms. A License Token is burned when it is used to register another IP as a derivative of the original IP Asset.
A diagram showing what happens when a License Token is minted.
commercialUse = true
)