Collect & Claim Royalty in Python

This section demonstrates how to collect royalty tokens and then claim actual revenue.

Prerequisites

Setup the client object.
Understand the Royalty Module

Collect Royalty Tokens

You can collect royalty tokens from children IP Assets, which represent your share of the royalty %. This is only done one time, and anyone can call it (since it doesn't matter if someone else helps me collect my royalty tokens). The royalty tokens will be deposited to the IP Account.

This function will also claim any outstanding revenue tokens that would normally be claimed with claimRoyalty, but since royalty tokens were not yet collected, were not deposited to ancestors.

response = story_client.Royalty.collectRoyaltyTokens(
    parent_ip_id="0xA34611b0E11Bba2b11c69864f7D36aC83D862A9c",
    child_ip_id="0x9C098DF37b2324aaC8792dDc7BcEF7Bb0057A9C7"
)

print(f"Collected royalty token {response['royaltyTokensCollected']} at transaction hash {response['txHash']}")

CollectRoyaltyTokensRequest = {
    'parent_ip_id': str,
    'child_ip_id': str,
    'tx_options': dict
}

CollectRoyaltyTokensResponse = {
    'txHash': str,
    'royaltyTokensCollected': int
}

Claim Revenue

To claim your % of actual money paid to child IP Assets, otherwise known as revenue tokens, you can call claimRoyalty whenever you want.

However before you do this, you must have snapshotIds to provide to the transaction. Anyone can call this function, since it doesn't matter who snapshots. You can get that like so:

response = story_client.Royalty.snapshot(
    child_ip_id="0x9C098DF37b2324aaC8792dDc7BcEF7Bb0057A9C7"
)

print(f"Took a snapshot with id {response['snapshotId']} at transaction hash {response['txHash']}")

SnapshotRequest = {
    'child_ip_id': str,
    'tx_options': dict
}

SnapshotResponse = {
    'txHash': str,
    'snapshotId': int
}

Now you can claimRevenue as shown below. Only the owner of the royalty tokens at the time of the provided snapshot can call this function.

response = story_client.Royalty.claimRevenue(
    snapshotIds=[1, 2],
    child_ip_id="0x9C098DF37b2324aaC8792dDc7BcEF7Bb0057A9C7",
    token="0xB132A6B7AE652c974EE1557A3521D53d18F6739f"
)

print(f"Claimed revenue token {response['claimableToken']} at transaction hash {response['txHash']}")

ClaimRevenueRequest = {
    'snapshot_ids': list,
    'child_ip_id': str,
    'token': str,
    'tx_options': dict
}

ClaimRevenueResponse = {
    'txHash': str,
    'claimableToken': int
}

Updated 30 days ago