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Web3 IP

Definition

Web3 IP refers to intellectual property assets that are natively created, managed, or monetized within decentralized web environments, often utilizing blockchain technology and NFTs. This includes digital art, music, gaming assets, and code where ownership and usage rights are recorded on a distributed ledger. It contrasts with traditional IP by enabling creators to have more direct control over their works and facilitating new models of ownership and compensation. This concept promotes creator sovereignty.