Cointime

Download App
iOS & Android

Mintellectual Property

From Zora

Copyright is dead, long live copyright.

Two things are changing quickly for brands around the world: media creation and IP ownership. Media creation is being rapidly innovated thanks to AI models like MidJourney, Runway, and DALL·E. Powerful models mean everyday creatives can make market grade assets and seemingly authentic versions of critically acclaimed artwork, corporate advertisements, influencer content, or other viral materials.

Fake realities are scarier than fake news. We need verified media coming from verified people and verified brands. Alongside this evolution in media creation is a revolution in IP ownership, as an increasing amount of media shifts from private to public domain and technology becomes increasingly open source. People may not want to hear it—but crypto is probably the best solution to protect brands in this new world.

In this new paradigm, crypto uniquely empowers you to own your public or open source IP. When you mint your media, you create provenance and preserve your optionality to monetize the work as you see fit. Pure ownership in an open IP paradigm with the click of a button. The mint button.

Below are some musings on why, in the world of AI replicas and liberated IP, brands should be minting as means of IP and consumer protection. Here are a couple prompts, no pun intended, to get us started: First, AI increases the proliferation of fake/remixed media, and crypto could be a solution. Second, the shift of IP to the public domain compromises private.

Minting enables companies to do a few things well in the public domain:

Own and monetize your IP after it is in the Public Domain

  • Mint to create a transparent and accessible history of your IP ownership (provenance).
  • Minting is a provable record that you created your IP and YOU posted it to the internet.
  • Minting empowers you to monetize engagement with your IP—mints, likes, remixes.
  • Do this before others do it for you. Steamboat Mickey is an excellent example.

Steward the transition of your IP into the Public Domain

  • Be the team to mint your work rather than letting others mint it for you.
  • Become the public point of origin for the IP.
  • Provide a canonical instance of your brand's media in the public domain. More on this below.
  • Protect the ability to monetize that public, canonical content—if you so choose.

Extend ownership to open source IP (AI Models, Codebases, Design Systems)

  • Models are instruments, kind of like a guitar, piano, or paint brush.
  • The outputs of models are songs, melodies, and artworks.
  • Users of models are like musicians that create timeless hits.
  • Minting the model is minting the essence, design, and functionality of the model.
  • It is the internet native equivalent of patenting in public.

Create your canon. Mint to globally verify your media. Protect consumers.

We need verification of global media. Minting, aka posting on Zora achieves both. When you post on Zora (mint) you are publishing your media to the world from an account that you and only you could publish from. It sounds simple, but companies should mint, so their customers can easily verify that the content they are viewing and engaging with is indeed from their brand.

These protections include globally, not platform, verified social accounts and media. With global verification comes transparent provenance of branded media. Transparent provenance includes a view of value exchange surrounding the media. Customers now know the funds flow of the ads exchange on the internet because they can see it. And, they can trust that they are engaging with the REAL version of the brand they love.

Final thoughts.

This new paradigm of media creation and media ownership powered by AI and public IP will make some brands immensely valuable. It’s exactly what memes and samples have done for many kernels of content across the internet.

However, the other side of this coin is that these tools lower the barrier to entry for copycat and impersonated content. A less desirable reality, yes, but one we are all likely to experience as these tools become increasingly sophisticated.

We have to adapt our understanding of IP to new things. Crypto helps us do that. Zora makes crypto easy.

Comments

All Comments

There are no comments yet, why not be the first?

Recommended for you

  • nunu.ai Completes $6 Million Seed Round, Led by TIRTA Ventures and a16z Speedrun

    according to official news from nunu.ai, the company has completed a $6 million seed round of financing, led by TIRTA Ventures and a16z speedrun, with other investors including Factorial Funds, Y Combinator, Earthling, Hartmann Capital, FOV Ventures, and New Renaissance Ventures.

  • South Korea plans to issue new guidelines in Q3 to lift ban on institutional cryptocurrency investments

    South Korean financial regulatory agency announced on Wednesday that it plans to release comprehensive guidelines for institutional cryptocurrency investments in the third quarter. The Financial Services Commission made this announcement during a meeting with local cryptocurrency industry experts. While investment guidelines for listed companies and professional investors are expected to be introduced in the third quarter, the Financial Services Commission stated that its goal is to release investment guidelines for non-profit organizations and cryptocurrency exchanges in April. The Financial Services Commission first announced in January that it would gradually lift the ban on institutional investors investing in cryptocurrencies. Last month, the regulatory agency revealed that it intends to first allow charities and universities to sell their cryptocurrency assets in the second quarter. The upcoming detailed guidelines further solidify South Korea's shift in stance towards cryptocurrencies, no longer strictly opposing the entry of crypto assets into traditional financial markets.

  • Transaction Agreement Vest Completes $5 Million Financing, with BlackRock, Jane Street Group and Others Participating

    On March 12th, Vest, a trading agreement, announced the completion of a $5 million financing round, with participation from BlackRock, Jane Street Grop, Selini Capital, Amber Group, QCQ Group, and Big Brain VC. 

  • Deutsche Börse’s Clearstream to Start Offering Bitcoin, Ethereum Custody Services in April

    Clearstream, the post-trade division of Deutsche Boerse, announced that it will start providing cryptocurrency settlement and custody services for institutional clients in April this year.

  • Citi: Downgrade US stocks to neutral, upgrade China stocks to overweight

    Citigroup's strategist has downgraded the rating of the U.S. stock market from overweight to neutral, while upgrading the rating of the Chinese stock market to overweight, citing that "the U.S. exceptionalism has at least been suspended."

  • WLFI's investment portfolio has lost $110 million, with ETH accounting for 65% of the entire portfolio

    According to on-chain analyst Yu Jin's monitoring, the investment portfolio of WLFI has currently lost 110 million US dollars. The 9 types of tokens purchased for 336 million US dollars are now worth only 226 million US dollars. Because ETH accounts for 65% of the entire investment portfolio, it is also the biggest loser: the average cost of ETH is $3,240, and the current price is $2,000. The loss is as high as 80.85 million US dollars (-37%). Surprisingly, the one that has dropped the least is Sun Ge's TRX: it has only dropped by 5% since being bought from WLFI.

  • El Salvador added 5 BTC today, and the total holdings now reach 6111 BTC

    On-chain data shows, 2 hours ago, El Salvador increased its holdings by 5 BTC (415,000 USD), with a total holding of 6111 BTC, worth 492.5 million USD.

  • Utah Bitcoin Bill Passes State Senate, But Key Provisions Are Deleted

    The Bitcoin bill in Utah has passed the state Senate, but the core provisions of the bill have been removed. The provision was originally intended to make Utah the first state in the United States to have its own Bitcoin reserve. The "HB230 Blockchain and Digital Innovation Amendment" bill now only provides basic custody protection to Utah citizens, giving them rights to mine Bitcoin, run nodes, and participate in staking. On March 7, the bill passed with 19 votes in favor, 7 votes against, and 3 abstentions, and will now be sent to Utah Governor Spencer Cox for signature into law.

  • The 10-year U.S. Treasury yield fell 6 basis points to 4.257%.

    The yield on the 10-year U.S. Treasury bond fell 6 basis points to 4.257%, and the 2-year Treasury bond yield fell 4 basis points to 3.9624%. 

  • Web3 data and AI company Validation Cloud completes $10 million in new round of financing

     Web3 data and AI company Validation Cloud announced a $10 million financing round from True Global Ventures. The company plans to use the funds to expand its AI products and achieve seamless access to Web3 data.