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Credit to the original tweet here.
commercialRevShare
, which is the amount of revenue (from any source, original & derivative) that must be shared by derivative works with the original IP. See the above section for licensing questions.
If someone then creates a derivative of my IP Asset - which has a commercialRevShare
of let’s say 10% in its license terms - and earns revenue on it, Story enforces the share of this revenue through the 💊 Programmable IP License (PIL) (otherwise resulting in an on-chain dispute using the ❌ Dispute Module or traditional legal arbitration) and then handles the upstream revenue share at the protocol level. If the derivative work earns 100 $WIP, my original IP Asset could claim 10 $WIP.
Our tutorials will show you exactly how to claim revenue: