Key Facts
V-Art had a novel idea of IP rights licensing service for creative assets, combining legal framework with NFT tech benefits, and was looking for a partner to help with implementation. The previous collaboration with our design team left a positive impression – V-Art enjoyed our delivery approach and decided to engage us in their next project.
We helped V-Art refine their vision, validate solution feasibility & create a detailed delivery plan. The PoC matched the Client’s needs and we moved to development. Our team delivered the protocol compatible with 3 blockchain networks and helped V-Art work through its implementation use cases.
- Conducted PoC to validate the idea, designed protocol architecture, and planned future deliverables
- Elaborated the first version of the protocol based on the NEAR blockchain and further extended it with Ethereum and Polygon
- Supported the project with ongoing BA expertise, market research, and competitive analysis to help the Client envision the further product growth strategy
- Conducted protocol support and maintenance to safeguard the solution stays in-line with V-Art business needs
Solution Description
Our dedicated team built a custom blockchain solution that allows selling NFT licenses to multiple users and managing IP ownership rights according to the license type. Those vary depending on 5 criteria: duration, region (worldwide or particular country), exclusivity, usage purpose, and pricing.
We performed turnkey solution delivery, from architecture design and the first NEAR-based protocol release to extending it with the new blockchains (Ethereum & Polygon) and preparing it for further implementation into V-Art products. Also, our team contributed with:
- Optimization of efforts and costs on the blockchain solution development and maintenance
- Implementation of lazy minting approach to decrease licensing prices for sellers
- Development of the smart contracts for controlled transfer of the digital assets between parties
- Step-by-step documentation of all the technical aspects of V-Art protocol integration into 3rd party platforms
Business Analysis
The IP licensing protocol was the first solution on the market to offer licensing for multiple users & legal protection of creators’ rights. So, V-Art and Sigma Software teams were the pathfinders in this area. We supported V-Art from use cases, implementation, and development strategies creation to protocol alignment with the traditional legal system & regulations.
Our BA expert assisted with additional research & ideation to define the optimal business model for the solution. We analyzed different cases from PaaS to stand-alone SDK and came up with 3 best-fit options that became a part of the further evolution of V-Art platform.
- Collaboration with stakeholders to clarify business needs and refine product vision
- Assessment of the concept technical feasibility and implementation readiness
- Development of a detailed white paper describing the technical solution and business logic
- Cooperation with V-Art design team and CTO, along with mockups creation for the V-Art platform and white label NFT marketplaces
