If any experts here please help me understand
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Hi Drac! It’s a good question and while there’s lots of aspects, the simple main difference is that:
Standard NFT token standards are mostly static digital assets that are linked to external metadata (such as art for NFT collections stored on places like IPFS or Arweave).
The intended IP token has much more to it, but most importantly, being programmable tokens that can included details to track provenance, AI-recognised derivative work, and the programmable part includes being able to set different licensing and revenue share conditions right into the token.
You can read more in depth explanations on the Story Foundation docs.
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Take a look at the colormp ecosystem site for IP use case.
With live examples, you can see what can be done with an NFT asset.
(currently in maintenance mode and will be up soon)
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Hi drac ! i scrolled across the forum and this thread got eyes.
ok so if you want to know the difference between nft and IP i can explain it to you by a simple story :
Imagine an artist creates a digital painting:
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The artwork itself is protected by copyright (IP), meaning others can’t reproduce or sell it without permission.
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The artist can mint the artwork as an NFT, which proves ownership and can be resold. However, buying the NFT does not automatically transfer the copyright/IP unless explicitly stated.
If you want a full documentation on this, you can check the story protocol learning page
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Your question is solely based on story, which tells me, from your question, you don’t really know much about what’s happening on story, fist the NFT is non fungible token (badge) which the story ecosystem and partners introduced as a reward for active users, real users not farmers, while the IP represents the story ecosystem
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the clear answer you can see on the story protocol docs
Nft is a unique concepts
Can you elaborate please
How Ip works within the ecosystem?
How value is given to a nft or a music or even a movie?
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