Tokenized media content management
A system and method for media content management include determining, via a digital vault, that a first stakeholder is authorized to sell a salable content item by holding rights in the salable content item; determining, via the digital vault, whether consent for a nonfungible token (NFT) transaction of any of the stakeholders other than the first stakeholder is required; and the digital vault preventing the sale of the salable content item until consent for the sale is received from the stakeholders from whom consent is required.
1. A method for content management, comprising:
determining, via a digital vault, that a first stakeholder is authorized to initiate a sale of a salable content item by holding rights in the salable content item;
determining, via the digital vault, whether consent for a nonfungible token (NFT) transaction of any stakeholders other than the first stakeholder is required; and
the digital vault preventing the sale of the salable content item until consent for the sale is received from the stakeholders from whom consent is required.
2. The method of claim 1 , further comprising:
upon the digital vault determining whether consent for the NFT transaction of any of the stakeholders other than the first stakeholder is required, notifying the stakeholders other than the first stakeholder to request consent for the NFT transaction.
3. The method of claim 1 , further comprising:
creating, via the digital vault, the salable content item comprising the content submitted by a first user and content metadata; and
identifying, via the digital vault, the salable content item that is to be put up for sale via the NFT transaction.
4. The method of claim 3 , further comprising:
sending, via the digital vault, a message to a second user inviting the second user to access the salable content item, wherein the second user is different than the stakeholders authorized to sell the salable content item and the first user that submitted the content; and
confirming that the second user is authorized to access the salable content item based on the message.
5. The method of claim 4 , wherein the message includes an access code used for confirming authorization to access the salable content item.
6. The method of claim 5 , wherein the access code is a single use access code.
7. The method of claim 5 , wherein the access code is a user-specific, non-transferable access code that remains valid for a pre-determined period of time.
8. The method of claim 3 , wherein the content metadata comprises at least one of a length of the content, performing artist name, producer name, arranger name, author name, recording engineer name, recording studio name, recording date and time, genre of the content, and sub-genre of the content.
9. The method of claim 3 , further comprising:
after the sale of the salable content item, updating, via the digital vault, the content metadata in the salable content item to reflect a change in ownership rights so that the salable content item includes metadata specifying rights held by the stakeholders of the salable content item.
10. The method of claim 3 , further comprising:
upon identifying the first user and the content metadata, informing the first user of consents required from any stakeholders other than the first stakeholder;
providing messaging among the stakeholders associated with a term of the sale via the NFT transaction; and
tracking negotiations among the stakeholders regarding the term of the sale via the NFT transaction.
11. The method of claim 10 , further comprising:
determining, via the digital vault, the term of the sale via the NFT transaction based on input from the stakeholders; and
embedding the term of the NFT transaction into a smart contract governing the NFT transaction.
12. The method of claim 11 , further comprising:
receiving, via the digital vault, proceeds from the sale of salable content item; and
distributing the proceeds to the stakeholders in accordance with stakeholder rights determined based on the input from the stakeholders.
13. The method of claim 3 , further comprising:
receiving, via the digital vault, proceeds from the sale of salable content item; and
distributing the proceeds to the stakeholders in accordance with stakeholder rights specified in the content metadata of the salable content item.
14. The method of claim 1 , further comprising:
authenticating authenticity of the salable content item offered for sale via the NFT transaction.
15. The method of claim 1 , further comprising:
determining, via the digital vault, that consent is received from the stakeholders from whom consent is required; and
permitting initiation of the sale of the salable content item.
16. A system for 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:
determine that a first stakeholder is authorized to initiate a sale of a salable content item by holding rights in the salable content item;
determine whether consent for a nonfungible token (NFT) transaction of any stakeholders other than the first stakeholder is required; and
prevent the sale of the salable content item until consent for the sale is received from each stakeholder from whom consent is required.
17. The system of claim 16 , wherein the processor to perform operations further comprising:
upon determining whether consent for the NFT transaction of any of the stakeholders other than the first stakeholder is required, notify the stakeholders other than the first stakeholder to request consent for the NFT transaction.
18. The system of claim 16 , wherein the processor to perform operations further comprising:
create the salable content item comprising the content submitted by a first user and content metadata; and
identify the salable content item that is to be put up for sale via the NFT transaction.
19. The system of claim 18 , wherein the processor to perform operations further comprising:
send a message to a second user inviting the second user to access the salable content item, wherein the second user is different than the stakeholders authorized to sell the salable content item and the first user that submitted the content; and
confirm that the second user is authorized to access the salable content item based on the message.
20. The system of claim 19 , wherein the message includes an access code used for confirming authorization to access the salable content item.
21. The system of claim 20 , wherein the access code is a single use access code.
22. The system of claim 20 , wherein the access code is a user-specific, non-transferable access code that remains valid for a pre-determined period of time.
23. The system of claim 18 , wherein the content metadata comprises at least one of a length of the content, performing artist name, producer name, arranger name, author name, recording engineer name, recording studio name, recording date and time, genre of the content, and sub-genre of the content.
24. The system of claim 18 , wherein the processor to perform operations further comprising:
after the sale of the salable content item, update the content metadata in the salable content item to reflect a change in ownership rights so that the salable content item includes metadata specifying rights held by current stakeholders of the salable content item.
25. The system of claim 18 , wherein the processor to perform operations further comprising:
upon identifying the first user and the content metadata, inform the first user of consents required from any of the stakeholders other than the first stakeholder;
provide messaging among the stakeholders associated with a term of the sale via the NFT transaction; and
track negotiations among the stakeholders regarding the term of the sale via the NFT transaction.
26. The system of claim 25 , wherein the processor to perform operations further comprising:
determine the term of the sale via the NFT transaction based on input from the stakeholders; and
embed the term of the NFT transaction into a smart contract governing the NFT transaction.
27. The system of claim 26 , wherein the processor to perform operations further comprising:
receive proceeds from the sale of salable content item; and
distribute the proceeds to the stakeholders in accordance with stakeholder rights determined based on the input from the stakeholders.
28. The system of claim 18 , wherein the processor to perform operations further comprising:
receive proceeds from the sale of salable content item; and
distribute the proceeds to the stakeholders in accordance with stakeholder rights specified in the content metadata of the salable content item.
29. The system of claim 16 , wherein the processor to perform operations further comprising:
authenticate authenticity of the salable content item offered for sale via the NFT transaction.
30. The system of claim 16 , wherein the processor to perform operations further comprising:
determine that consent is received from the stakeholders from whom consent is required; and
permit initiation of the sale of the salable content item.
31. A non-transient electronic, machine readable media storing a plurality of instructions executable by one or more processors of a digital vault, the plurality of instructions when executed by the one or more processors cause the one or more processors to:
determine that a first stakeholder is authorized to initiate a sale of a salable content item by holding rights in the salable content item;
determine whether consent for a nonfungible token (NFT) transaction of any stakeholders other than the first stakeholder is required; and
prevent the sale of the salable content item until consent for the sale is received from each stakeholder from whom consent is required.