"KorIPC's ecosystem generates revenue through various types of IP and content, and it provides a fair distribution structure that allows both users and creators to thrive."
Initial Stage and K-POP Business:
In its initial stage, KorIPC plans to focus on the K-POP business, which has a strong competitive edge as global content. This area is relatively accessible and has a well-established copyright protection system.
Expansion of IP Ecosystem:
KorIPC will gradually expand its IP ecosystem to include various content types such as music, short-form movies, webtoons, web novels, and artworks. The revenue generated from these contents (such as copyright share participation, securing neighboring rights, and advertising distribution channel income) will be distributed via KorIPC tokens.
Revenue Distribution and Use of KorIPC Tokens:
The KorIPC platform distributes the revenue generated from each IP to content consumers. Through this system, users can exchange KorIPC tokens or trade them on separate exchanges.
KorIPC platform outlines the structure for distributing KORIPC tokens. Key points include:
Copyright and Neighboring Rights Investment: The platform allows for investment in copyrights and neighboring rights during the production of music, movies, and publications. For example, music composition can have shares divided into lyrics (40%), composition (40%), and arrangement (20%). Detailed share settings are possible even for team compositions.
Trade of Rights: The platform also enables the trade of neighboring rights, including those of performers, producers, and distributors, allowing creators to distribute and trade their content rights.
Revenue Distribution: By securing copyrights and neighboring rights, the platform allocates part of the revenue generated from streaming or sales to KORIPC tokens. This ensures fair distribution of profits to users participating in the platform.
Platform Production Investment: The KorIPC platform invests in the production of webtoons, web novels, and short-form dramas, securing shares by attracting product placement (PPL) advertisements.
FAST Streaming and Broadcast Rights Sales: By utilizing FAST (Free Ad-Supported Streaming Television) streaming and KorIPC's network for selling broadcast rights, the platform secures resources and distributes them through KorIPC tokens.
Copyright Ownership: Production companies retain the copyrights and generate revenue through them.
IP Fund: A 100 billion won IP fund is established to prevent the leakage of IP worth trillions of won.
Creator Compensation System: Creators (craft, art, fashion, exhibition, etc.) generate continuous revenue not only from the sale of primary works but also through the use of secondary works. This includes using their work as drama props, IPTV broadcasts, and emoticons.
Token Distribution: The revenue generated through these processes is distributed via KorIPC tokens.
Revenue is secured through exhibitions, collaborations, and other means, and distributed via KorIPC tokens.
Utilization of Primary and Secondary Works:
Creators can exhibit and sell their works, and also generate revenue in the secondary market through various means such as drama props, IPTV broadcasts, and emoticons.
Platform Utilization:
Through the KorIPC platform, creators have opportunities to promote their works in various ways, thereby gaining more opportunities to generate revenue.
