Story ecosystem IPRWA Protocol Aria Foundation launches to drive iconic IP on-chain economy
7x24h News
Story ecosystem IPRWA Protocol Aria Foundation launches to drive iconic IP on-chain economy
Aria announced the establishment of the Aria Foundation, which will govern its decentralized protocol and advance the on-chain transformation of iconic IPs. As an IP rights tokenization infrastructure, Aria Protocol has already enabled on-chain music royalties for artists such as Justin Bieber, BLACKPINK, and BTS, and issued the IP physical asset token $APL. The project completed a $15 million strategic and seed funding round in September this year, backed by Polychain Capital, Neoclassic, and Story Foundation. The Aria Foundation will manage ecosystem resources, oversee IP asset issuance, and govern the protocol, while Aria Protocol Labs under the foundation will continue to provide technical and ecosystem support.
Navigating Web3 tides with focused insightsTechFlow news, on October 13, Aria announced the establishment of the Aria Foundation, which will govern its decentralized protocol and advance the on-chain transformation of iconic IPs. As an infrastructure for tokenizing IP rights, Aria Protocol has already supported on-chain royalty streams for songs by artists such as Justin Bieber, BLACKPINK, and BTS, and issued the IP-backed asset token $APL. The project completed a $15 million strategic and seed funding round in September this year, backed by investors including Polychain Capital, Neoclassic, and Story Foundation. The Aria Foundation will manage ecosystem resources, oversee IP asset issuance, and govern the protocol, while its subsidiary Aria Protocol Labs will continue to provide technical and ecosystem support.
