Licensing and Royalties

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Licensing and Royalties Call Flow

Whenever a user wants to mint a commercial license or links to parents using a commercial license, then the licensing module will call the royalty module, which will perform checks and redirect the call to the appropriate royalty policy contract - which for the beta version is always the RoyaltyPolicyLAP.sol. As more royalty policies are added in the future new options will be available.

In the call flows above there is a need to pass in the variable bytes[] royaltyContext. Each royalty policy will decode this variable in its custom way - in the case of the royalty policy LAP - the decoding happens in the form of the struct below:

struct InitParams {
    address[] targetAncestors; // the expected ancestors addresses of an ipId
    uint32[] targetRoyaltyAmount; // the expected royalties of each of the ancestors for a given ipId
    address[] parentAncestors1; // addresses of the ancestors of the first parent
    address[] parentAncestors2; // addresses of the the ancestors of the second parent
    uint32[] parentAncestorsRoyalties1; // the royalties of each of the first parent ancestors
    uint32[] parentAncestorsRoyalties2; // the royalties of each of the second parent ancestors
}

Let's give an example - in the IP graph below let's imagine IP Asset 0 is linking to parents IPAs 1 and 2:

In the example mentioned the struct InitParams then would look like this:

  • targetAncestors = [0x1,0x3,0x7,0x8,0x4,0x9,0x10,0x2,0x5,0x11,0x12,0x6,0x13,0x14] | When linking IPA 0 to its new parents IPAs 1 and 2

if we assume (for example) that the royalties demanded by each IP are equal to 5% if the IP Asset number has 2 digits and 1% if lower we get:

  • targetRoyaltyAmount= [10,10,10,10,10,10,50,10,10,50,50,10,50,50] | targetRoyaltyAmount is a mirror array of targetAncestors and shows how many RNFTs each ancestor address demands from IP Asset 0
  • parentAncestors1 = [0x3,0x7,0x8,0x4,0x9,0x10]
  • parentAncestorsRoyalties1 = [10,10,10,10,10,50]
  • parentAncestors2=[0x5,0x11,0x12,0x6,0x13,0x14]
  • parentAncestorsRoyalties2 =[10,50,50,10,50,50]

The struct InitParams is prepared under the hood by the SDK. More information in SDK documentation

Updated 13 days ago