Aria Foundation of the Story Ecosystem IPRWA Protocol Established to Promote On-Chain Economy of Iconic IPs

On October 13, Aria announced the establishment of the Aria Foundation, which will be responsible for governing its decentralized protocol and advancing the on-chain process of iconic IPs. As an IP rights tokenization infrastructure, Aria Protocol has already supported the on-chain royalty management of songs by artists such as Justin Bieber, BLACKPINK, and BTS, and has issued IP physical asset tokens $APL. In September this year, the project completed a $15 million strategic and seed round of financing, with investors including Polychain Capital, Neoclassic, and Story Foundation. The Aria Foundation will be responsible for ecosystem resource management, IP asset issuance, and protocol governance, while its subsidiary, Aria Protocol Labs, will continue to provide technical and ecosystem support.