The RightsMint.com platform allows users to buy and own shares in copyrights and intellectual property while earning rewards derived from the royalties.
RightsMint plans to conduct a closed alpha in late October for a thousand invitees from the RightsMint and Ayozat communities as well as artists, influencers, music fans, and analysts from the media, NFT, Financial and Blockchain sectors.
The closed alpha will include shares of 15 real album masters from artists such as Michael Jackson, Metallica, Beastie Boys, Madonna, Bob Marley, Nirvana, The Doors and other big names.
The full launch is expected in December, with RightsMint set to host a range of music, video, and gaming assets on the platform, more specifically the intellectual property and copyrights of these assets. Through the RightsMint platform, users will be able to purchase a share of the intellectual property directly from owners.
For the last 12 months, Ayozat has been acquiring or licensing copyrights, as well as speaking to artists, content creators, and large catalogue owners, prior to the launch of RightsMint.
Copyright owners will be able to host an Initial Media Offering, where a digital smart contract in the form of a master NFT is created as a certificate of ownership.
The master NFT will be divided into shares, which will each be represented by child NFTs which will serve as share certificates that users can purchase and own. Before launching such an offering, the ownership of the IP will be verified by RightsMint by leveraging its expertise and analysis.
On full launch (December), RightsMint will also feature a marketplace, where users can trade their shares amongst each other on an open market. In addition, RightsMint plans to launch several index pools to offer wider opportunities to its users as well as a grant system in order to properly support content creators and artists throughout their journey. All of this will initially be hosted on the Solana blockchain with plans to make it multi-chain in 2023.
Ayozat has provided RightsMint with a separate governance structure, with only one directive: to ensure the protection of both intellectual property and its shareholders.
Ayozat and RightsMint founder, Umesh Perera said, “Being both content creators and owners, Ayozat has seen many issues and problems in how media assets are monetized and used, leading to owners getting less revenue and control of their media.”
“These types of copyrights are generally seen as stable and always giving a return. What better way of bringing real-world assets on the chain.”
“We are building a media ecosystem that is about trustless ownership and transparent ledger technology that allows content creators and owners alike to get fair revenues for their copyrights and therefore a true valuation on their worth.”
RightsMint is a brand of Linkquid IOM Ltd in the Isle of Man, a Financial Services Authority designated business. It is a wholly owned subsidiary of Ayozat, a global technology, and media company that broadcasts and distributes applications, cloud services, live and pre-recorded media content, advertising SSP servers, as well as Ayozat’s and its clients’ TV channels and OTT platforms, through its deep network layers.
The RightsMint platform will utilize Ayozat’s network and distribution infrastructure to maximize the copyright revenue with deep tracking across all platforms, TV, and media usage.
RightsMint will not just be for existing content and catalogue copyrights as some major features are mostly directed at new up-and-coming artists and content creators to give them an opportunity to launch themselves. Furthermore, RightsMint will support these artists and content creators by opening wide distribution and revenue-generating opportunities through its parent, Ayozat.
“New artists and creators can concentrate on what they do best and being the CEO of their own brand, while RightsMint and Ayozat can concentrate on distributing and monetizing their work,” said Perera.
Perera added, “it’s worth noting that when you list on RightsMint.com and users buy shares, you gain new fans instantly who will watch, listen, like and share your assets but more importantly, who have a vested financial interest in your success, now that’s powerful.”
Ayozat is looking to truly disrupt the media copyright sector by making RightsMint the institute to register, monetize and facilitate share trading of intellectual property and copyrights in a transparent and sustainable manner.