The sudden breakout of “Bull Niu” has made the market start to take IP seriously again. IPX recently officially licensed Minini, a top-tier meme sticker IP, to Minicoin, a Web3 project, @mini_cto.
IPX is the parent company behind @_LINEFRIENDS. Everyone should know LINE—it's like WeChat for Japan and South Korea. LINE has long done a pretty good job with its sticker culture. The Minini sticker character licensed to Minicoin this time is one of their original sticker IP characters that everyone has probably seen to some extent.
Minicoin is an “IP on-chain” project within the Creditcoin @Creditcoin ecosystem. What they’ve been doing recently is quite interesting, so you may want to keep an eye on it.
Creditcoin itself is a Layer1 blockchain focused on RWA.
And what Minicoin is doing with this “IP on-chain” effort is, at its core, also building RWA. IP originally belongs to the “off-chain asset” world. Through legal agreements, ownership of the IP is proven—who the true holder is. Minicoin now wants to bring this off-chain IP rights verification process onto the blockchain as well.
Artists/creators can now go to the Minicoin platform, package their IP works into NFTs (the supported formats currently include: sticker packs, music, and virtual characters). Then the Minicoin platform helps artists/creators apply for an IP legal agreement off-chain for the IP works they uploaded.
Ultimately, it realizes the concept: “Whoever holds this NFT owns the IP.” This ownership doesn’t only take effect on-chain—it also has legal effect off-chain, enabling real IP rights verification.
I think Minicoin’s approach does indeed address an NFT-related shortcoming when it comes to IP rights verification.
In Web3, if you hold an NFT, people do treat you as the IP owner of that NFT. But off-chain, that claim is hard to substantiate. Off-chain, there’s your own IP rights verification method—legal agreements. Minicoin’s approach perfectly fills that gap.
The market can also pay for licenses to use IP on the Minicoin platform. Minicoin’s agreement automatically converts these proceeds into $MINI and routes them to the NFT holders. The entire process is implemented purely via smart contracts, and the project team itself can’t touch this money.
And this system also supports redemption: NFT holders can burn the NFT and redeem the complete IP ownership legal agreement with the Minicoin platform off-chain.
Overall, I think what Minicoin is doing is pretty interesting. For digital artists/creators, it may become a better option for asset issuance in the future.
IPX is the parent company behind @_LINEFRIENDS. Everyone should know LINE—it's like WeChat for Japan and South Korea. LINE has long done a pretty good job with its sticker culture. The Minini sticker character licensed to Minicoin this time is one of their original sticker IP characters that everyone has probably seen to some extent.
Minicoin is an “IP on-chain” project within the Creditcoin @Creditcoin ecosystem. What they’ve been doing recently is quite interesting, so you may want to keep an eye on it.
Creditcoin itself is a Layer1 blockchain focused on RWA.
And what Minicoin is doing with this “IP on-chain” effort is, at its core, also building RWA. IP originally belongs to the “off-chain asset” world. Through legal agreements, ownership of the IP is proven—who the true holder is. Minicoin now wants to bring this off-chain IP rights verification process onto the blockchain as well.
Artists/creators can now go to the Minicoin platform, package their IP works into NFTs (the supported formats currently include: sticker packs, music, and virtual characters). Then the Minicoin platform helps artists/creators apply for an IP legal agreement off-chain for the IP works they uploaded.
Ultimately, it realizes the concept: “Whoever holds this NFT owns the IP.” This ownership doesn’t only take effect on-chain—it also has legal effect off-chain, enabling real IP rights verification.
I think Minicoin’s approach does indeed address an NFT-related shortcoming when it comes to IP rights verification.
In Web3, if you hold an NFT, people do treat you as the IP owner of that NFT. But off-chain, that claim is hard to substantiate. Off-chain, there’s your own IP rights verification method—legal agreements. Minicoin’s approach perfectly fills that gap.
The market can also pay for licenses to use IP on the Minicoin platform. Minicoin’s agreement automatically converts these proceeds into $MINI and routes them to the NFT holders. The entire process is implemented purely via smart contracts, and the project team itself can’t touch this money.
And this system also supports redemption: NFT holders can burn the NFT and redeem the complete IP ownership legal agreement with the Minicoin platform off-chain.
Overall, I think what Minicoin is doing is pretty interesting. For digital artists/creators, it may become a better option for asset issuance in the future.