Managing Film Property Titles as NFTs on Plasma
LeapDAO Demo at Cannes Film Festival
Demo Setup
1. Exploitation rights for films are registered as NFTs. ��2. Tokens are minted on a plasma chain, they can be moved to mainnet later (ERC 1949).��3. Spending conditions (smart contracts on Plasma) are used to distribute payments according to token data (ERC 1948).
1. registration
2. payment
3. royalties
Rightsholders
Streamer /�Consumer
on-chain title registry
4. license
Rightsholders - Step 1
Registration of a film title.
Rightsholders - Step 2
Setting address for rightsholder of film by scanning QR code.
Rightsholders - Step 3
Scanning private key to launch rightsholder wallet
Rightsholders - Step 4
Wallet for rightsholder is initialized.
Streamer/Fan - Step 1
A streaming site working with the decentralized rights registry.
Streamer/Fan - Step 2
After a few seconds the stream stops, and a plugin offers the streamer to pay.
Streamer/Fan - Step 3
Streamer pays and the movie continues.
Thank you for Being a responsible Rebel!
Rightsholders - Step 5
The rightsholder received the payment instantly in his wallet.
Chaining IP for Fun & Profit