The Original Works protocol offers a trusted bridge between
real world assets, royalty streams and DeFi.
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A Royalty Token is the smart contract governing an on-chain music IP cash flow, increasing speed and transparency of payment.
Royalties can be split to different stake holders such as fans and collaborating artists, or used in DeFi to receive cash advances.
Through validation and backing by Payment Oracles, Royalty Tokens link an “off-chain” royalty stream into an on-chain digital asset.
Music distributors, Collective Rights Organizations, Publishers and Record labels participate as payment oracles bridging royalties to web3.
'Proof of Royalties' builds trust in Royalty Tokens and their cash flow.
Payment and data oracles are rewarded for their participation in the protocol.