Tokenized media content management
A system and method for media content management include creating, via a digital vault, a container file comprising media content submitted by a user and content metadata; verifying, via the digital vault, a completeness of the content metadata associated with the media content in the container file; classifying, via the digital vault, the container file based on the completeness of the media content; identifying a salable content item that is to be put up for sale via a nonfungible token (NFT) transaction; determining, via the digital vault, whether other stakeholders of the salable content item hold rights in the salable content item and whether consent for the NFT transaction of any such other stakeholder is required; and the digital vault prohibiting the sale of the salable content item until consent for the sale is received from each stakeholder from whom consent is required.
1. A method for media content management, comprising:
creating, via a digital vault, a container file comprising media content submitted by a user and content metadata;
verifying, via the digital vault, a completeness of the content metadata associated with the media content in the container file;
classifying, via the digital vault, the container file based on the completeness of the media content;
identifying a salable content item that is to be put up for sale via a nonfungible token (NFT) transaction, the salable content item comprising all or part of the media content;
determining, via the digital vault, whether other stakeholders of the salable content item hold rights in the salable content item and whether consent for the NFT transaction of any such other stakeholder is required; and
the digital vault prohibiting the sale of the salable content item until consent for the sale is received from each stakeholder from whom consent is required.
2. The method of claim 1 , further comprising:
upon the digital vault being notified that a user is initiating the NFT transaction determining whether consent for the NFT transaction of any other stakeholder of the salable content item is required, the digital vault notifying such other stakeholder to request consent for the NFT transaction.
3. The method of claim 1 , further comprising the digital vault providing messaging among stakeholders to obtain consents and to track negotiations among the stakeholders regarding terms of the NFT transaction.
4. The method of claim 1 , further comprising the digital vault determining terms of the NFT transaction based on input from the stakeholders and embedding such terms into a smart contract governing the NFT transaction.
5. The method of claim 1 , further comprising the digital vault receiving proceeds from the sale of salable content item and distributing the proceeds to the stakeholders in accordance with stakeholder rights determined based on input from the stakeholders.
6. The method of claim 1 , further comprising the digital vault receiving proceeds from the sale of salable content item and distributing the proceeds to the stakeholders in accordance with stakeholder rights specified in content metadata.
7. The method of claim 1 , further comprising the digital vault validating that the seller or sellers of the salable content item via the NFT transaction hold rights necessary to enter into the NFT transaction.
8. The method of claim 1 , further comprising the digital vault authenticating the authenticity of the salable content item offered for sale via the NFT transaction.
9. The method of claim 1 , further comprising updating, via the digital vault, the content metadata in the container file to reflect a change in ownership rights after the sale of the salable content item so that the container file includes metadata specifying rights held by all stakeholders of the content item.
10. A system for media content management using a digital vault, comprising:
a processor; and
a memory coupled to the processor to store instructions, which when executed by the processor, cause the processor to perform operations comprising:
create a container file comprising media content submitted by a user and content metadata;
verify a completeness of the content metadata associated with the media content in the container file;
classify the container file based on the completeness of the media content;
identify a salable content item that is to be put up for sale via a nonfungible token (NFT) transaction, the salable content item comprising all or part of the media content;
determine whether other stakeholders of the salable content item hold rights in the salable content item and whether consent for the NFT transaction of any such other stakeholder is required; and
prohibit the sale of the salable content item until consent for the sale is received from each stakeholder from whom consent is required.
11. The system of claim 10 , wherein the operations further comprise:
upon the digital vault being notified that a user is initiating the NFT transaction determining whether consent for the NFT transaction of any other stakeholder of the salable content item is required, the digital vault notifying such other stakeholder to request consent for the NFT transaction.
12. The system of claim 10 , wherein the operations further comprise the digital vault providing messaging among stakeholders to obtain consents and to track negotiations among the stakeholders regarding terms of the NFT transaction.
13. The system of claim 10 , wherein the operations further comprise the digital vault determining terms of the NFT transaction based on input from the stakeholders and embedding such terms into a smart contract governing the NFT transaction.
14. The system of claim 10 , wherein the operations further comprise the digital vault receiving proceeds from the sale of salable content item and distributing the proceeds to the stakeholders in accordance with stakeholder rights determined based on input from the stakeholders.
15. The system of claim 10 , wherein the operations further comprise the digital vault receiving proceeds from the sale of salable content item and distributing the proceeds to the stakeholders in accordance with stakeholder rights specified in content metadata.
16. The system of claim 10 , wherein the operations further comprise the digital vault validating that the seller or sellers of the salable content item via the NFT transaction hold rights necessary to enter into the NFT transaction.
17. The system of claim 10 , wherein the operations further comprise the digital vault authenticating the authenticity of the salable content item offered for sale via the NFT transaction.
18. The system of claim 10 , wherein the operations further comprise updating, via the digital vault, the content metadata in the container file to reflect a change in ownership rights after the sale of the salable content item so that the container file includes metadata specifying rights held by all stakeholders of the content item.
19. A non-transient electronic, machine readable media storing a plurality of instructions executable by one or more processors, the plurality of instructions when executed by the one or more processors cause the one or more processors to:
create a container file comprising media content submitted by a first user and content metadata;
verify a completeness of the content metadata associated with the media content in the container file;
classify the container file based on the completeness of the media content;
identify a salable content item that is to be put up for sale via a nonfungible token (NFT) transaction, the salable content item comprising all or part of the media content;
determine whether other stakeholders of the salable content item hold rights in the salable content item and whether consent for the NFT transaction of any such other stakeholder is required; and
prohibit the sale of the salable content item until consent for the sale is received from each stakeholder from whom consent is required.
20. The non-transient electronic, machine readable media of claim 19 , wherein the plurality of instructions when executed by the one or more processors further cause the one or more processors to upon the digital vault being notified that a user is initiating the NFT transaction determining whether consent for the NFT transaction of any other stakeholder of the salable content item is required, the digital vault notifying such other stakeholder to request consent for the NFT transaction.
21. The non-transient electronic, machine readable media of claim 19 , wherein the processors further to:
provide messaging among stakeholders to obtain consents and to track negotiations among the stakeholders regarding terms of the NFT transaction.
22. The non-transient electronic, machine readable media of claim 19 , wherein the processors further to:
determine terms of the NFT transaction based on input from the stakeholders and embedding such terms into a smart contract governing the NFT transaction.