Lombard and Story Team Up for Bitcoin-Powered IP Solutions
Lombard and Story have joined forces to revolutionize intellectual property management with Bitcoin. This partnership aims to solve two major issues for creators: slow royalty payments and weak licensing enforcement.
Story is a blockchain platform that turns IP into programmable assets. by integrating Lombard’s Bitcoin infrastructure, creators can now receive instant royalty payments in Bitcoin. This eliminates the need for intermediaries and speeds up transactions.
The collaboration introduces Bitcoin Revenue Distribution. This feature allows creators to get paid instantly in Bitcoin, bypassing lengthy payment processes. It also introduces Crypto-Economic IP Security. This uses bitcoin as collateral to enforce licensing agreements automatically. If a licensee fails to pay,the smart contract can liquidate the Bitcoin collateral to cover royalties.
Story CEO SY Lee explained, “with Lombard, creators can license, settle, and secure IP value globally. Bitcoin becomes a financial backstop, ensuring creators get paid quickly and securely.”
The partnership targets South korea’s $13.6 billion creative market. Lombard’s $3 billion in Bitcoin liquidity and Story’s major IP partners make this a powerful combo. Major Korean studios like Solo Leveling and Barunson Studio are already on board.
Key innovations include:
- Instant royalty payments in Bitcoin
- Automated enforcement of licensing agreements
Story CEO SY Lee said,”Bitcoin enables creators to manage their IP instantly and globally.”
Lombard’s BARD token is popular on Korean exchanges. Lombard has onboarded over $3 billion in Bitcoin, achieving a $1 billion total value locked in just 92 days. The LBTC is integrated across 14 chains and 75 DeFi protocols. This integration turns IP into on-chain assets with embedded licensing terms. This means copyrights and music compositions can be licensed and remixed without lawyers or agents. This partnership is a game-changer for the creative industry. It combines Story’s IP expertise with Lombard’s Bitcoin infrastructure. This makes it easier for creators to manage their IP rights. The alliance is a strategic move in South Korea’s creative market. it provides a compliant on-ramp for conventional finance.
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