Learn how to pay, route, and claim royalties on Story.
IP Asset | Relationship | Commercial Revenue Share |
---|---|---|
IP Asset 1 (IPA1) | Original IP Asset | Requires 5% from all derivatives |
IP Asset 2 (IPA2) | A derivative of IPA1 | Requires 10% from all derivatives |
IP Asset 3 (IPA3) | A derivative of IPA2 |
Token | Contract Address | Explorer | Mint |
---|---|---|---|
WIP | 0x1514000000000000000000000000000000000000 | View here ↗️ | N/A |
MERC20 | 0xF2104833d386a2734a4eB3B8ad6FC6812F29E38E | View here ↗️ | Mint ↗️ |
Payment Type | When It Happens | Potential Functions Called |
---|---|---|
Minting a License | When someone mints a license to use your IP, or registers a derivative of an IP Asset (which requires having a license) | mintLicenseTokens , registerDerviative |
Paying Revenue Directly | When someone directly sends revenue to an IP Asset either as a tip or to forward due revenue to the chain. | payRoyaltyOnBehalf |
Initial Payment
payRoyaltyOnBehalf
, which will initiate the payment process as seen below.Royalty Module Distribution
Why do we separate payment and claiming processes?
Transfer to IP Royalty Vault
Claiming Revenue to Royalty Tokens