Non-fungible token for copyright that the owner is able to control the distribution of copies and liscensing to others.
It is difficult to distinguish between ownership and copyright of NFT. To be clear, NFT ownership does not equal copyright ownership. Much confusion over who has true ownership of these creations is often a discussion topic. In addition, there is a massive lack of regulation for infringement of these creations. We're creating a token network for the copyright owner to control the distribution and licensing of NFTs. Our smart contract will allow the token holder to mint an NFT copy of the copyright. We're also integrating a royalty payment network to allow the copyright owner to receive a royalty payment for licensing said copyright to others.
We're building our system based on ERC-721 and edge list directional graph from our startup interface library. We implement the contract specifically for NFT applications where you have permission to control NFT sub-contract minting and data structure operations. We plan to develop a front-end with React Flow library, in order to create an interactive graph for a visual of the royalty payment network.