Derivatives are on-chain verified, linked ‘child’ NFTs to their original parent NFT or Right. Officially licensed by their respective IP owners, they enable creators and holders to expand, earn, and take control of their intellectual property and collections.
Token Rights are derivatives issued from an NFT. They are comparable to a traditional contract in that they list rules, allowances and restrictions between 2 parties — the issuer and the holder.
Yes, you can mint from an original NFT, derivative NFT or derivative rights that you own.
IPs include creative works, patents, copyrights, trademarks and many other works, and are protected in law. These protections enable people to earn recognition or financial benefit from what they invent or create.
IP rights are the heart of the concept of NFTs. You effectively identify yourself as the verifiable owner or creator of a specific piece or brand by minting your works on-chain. And now, on-chain derivatives will enable you to grow and financially benefit from your IP, helping creativity and innovation flourish to a broader audience.
Commercial rights will be up to the issuers of derivatives. Original NFT holders, brands, and projects can decide and include this information on-chain when minting derivatives.
You will be able to include this conditional clause when issuing a derivative NFT or Right.
Only the holder of the derivative NFT can destroy this.
As we focus on providing the technology for projects, you can find derivatives together with individual projects, brands and collectors, or on secondary marketplaces like OpenSea, LooksRare and any others that holders choose to list.
The team behind On-Chain Derivatives contracts and technology. Backed by top investors, we're a highly motivated, distributed team of world-class talent behind some well-known web3/token projects. Find more information at smarttokenlabs.com.
We will first launch on the Ethereum Mainnet and plan to expand towards Layer-2 chains soon.
Potentially! SmartToken Labs will issue its native token soon. Join Discord and follow us on Twitter to keep up with the news.