About Model
IP Monetization : Using your BAGC IP
Last updated
IP Monetization : Using your BAGC IP
Last updated
In order to maximize the value to BAGC holders, Altava has created a BAGC IP Management Department. The BAGC IP Management Department’s mandate is to find and license BAGC IP to various brands and merchandise partners. The team will also be responsible for all the after-sales, including management, reporting, and distribution of revenue generated from IP licensing.
Holders can take part in this revolutionary BAGC IP Management Model by holding their BAGC NFT for a specified period.
The revenue generated from BAGC IP Licensing will be shared with the holders that meet our requirements. (see Section 2)
All qualified BAGC classes will be granted the right to receive the same percentage of royalty sharing.
Lock-up
(1) Holders wanting to participate in the IP Management Model must lock up their BAGC IP for 3 months.
(2) They can only participate in one IP Management Project at once. This means if multiple projects are running at one time, you can only participate in one.
(3) During the lock-up period, holders cannot sell the BAGC NFT.
Please keep in mind that each brand and merchandise partners may have their specific requirements. As such, the BAGC IP that the partners choose maybe in accordance with their requirements.
(1) For example, an alcohol company may prefer or require the BAGC IP with eyes closed.
Proof-of-Participation in the form of Certification NFT will also be airdrop to the participants