Semantics and Non-Fungible Tokens for Copyright Management on the Metaverse and Beyond
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Recent initiatives related to the Metaverse focus on better visualisation, like augmented or virtual reality, but also persistent digital objects. To guarantee real ownership of these digital objects, open systems based on public blockchains and Non-Fungible Tokens (NFTs) are emerging together with a nascent decentralized and open creator economy. To manage this emerging economy in a more organised way, and fight the so common NFT plagiarism, we propose CopyrightLY, a decentralized application for authorship and copyright management. It provides means to claim content authorship, including supporting evidence. Content and metadata are stored in decentralized storage and registered on the blockchain. A token is used to curate these claims, and potential complaints, by staking it on them. Staking is incentivized by the fact that the token is minted using a bonding curve. The tokenomics include the resolution of complaints and enabling the monetization of curated claims. Monetization is achieved through licensing NFTs with metadata enhanced by semantic technologies. Semantic data makes explicit the reuse conditions transferred with the token while keeping the connection to the underlying copyright claims to improve the trustability of the NFTs. Moreover, the semantic metadata is flexible enough to enable licensing not just in the real world. Licenses can refer to reuses in specific locations in a metaverse, thus facilitating the emergence of creative economies in them.
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