TechFlow news, on October 13, Aria announced the establishment of the Aria Foundation, which will govern its decentralized protocol and advance the on-chain transformation of iconic IPs. As an infrastructure for tokenizing IP rights, Aria Protocol has already supported on-chain royalty streams for songs by artists such as Justin Bieber, BLACKPINK, and BTS, and issued the IP-backed asset token $APL. The project completed a $15 million strategic and seed funding round in September this year, backed by investors including Polychain Capital, Neoclassic, and Story Foundation. The Aria Foundation will manage ecosystem resources, oversee IP asset issuance, and govern the protocol, while its subsidiary Aria Protocol Labs will continue to provide technical and ecosystem support.
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