Asian Film Industry Takes Limelight

As the Asian film scene sweeps across theaters around the globe, we are yet to unveil the latest biopic feature film that’s yet again, ready to dominate the airwaves. From the iconic Korean film ‘Parasite’, to the pivotal ‘Crazy Rich Asians’, the Asian film community is setting the stage for more inclusivity at the Hollywood box offices. 

Kumar Finally Unbanned

An authentic portrayal of how the vibrant and humorous aspects, as well as the LGBTQ+ culture, emerged within the seemingly strict confines of contemporary Singapore, the city-state with many legal nuances coupled with severe penalties. 

This narrative revolves around the resilience and unyielding spirit of Kumarason Chinnadurai, who defied the odds with his unwavering determination. The film explores the complexities of Singaporean society, where chewing gum remains prohibited, vandalism is met with corporal punishment, yet homosexuality, once outlawed, has seen legal acceptance by 2022. 

Set against the backdrop of Kumar's true-to-life biopic, the story celebrates his journey from outcast to revered icon, symbolizing a triumphant return and breaking Singapore’s cultural norms—finally unbanned.

IX Swap’s Leading Role in “Kumar Finally Unbanned”

As much as we’d love to get IXS into the spotlight, we are not talking about an active role in the film itself. IX Swap will be playing a much more pivotal role, away from the limelight and geared towards providing a platform for global distribution of the movie’s intellectual property (IP) rights on the IXS Launchpad.

By doing so, we allow global investors to come in to participate in fundraising for the movie, and in return, receive fractionalized interests in the distribution of the film.

Tokenization of IP Rights

What are tokenized IP rights? 

Tokenized IP rights refer to the fractionalized representation of ownership or entitlement to IP assets in the form of digital tokens on a blockchain or distributed ledger technology (DLT) platform. 

How does it work?

The process starts with identifying the IP asset that will be tokenized, such as a patent for a new technology, a copyright for a piece of content, or a trademark for a brand. Once the IP asset is identified, its ownership or rights are fractionalized and represented as digital tokens on a blockchain.

Tokens representing the IP rights are created and issued on a blockchain platform and may entitle their holders to a share of the revenue generated by the underlying IP asset. Smart contracts can be used to automate distributions based on predefined conditions.

In this case, IX Swap will be tokenizing the IP rights giving investors distributions for the film: Kumar Finally Unbanned.

What are the benefits?

1. Fractional Ownership: Tokenization allows for the fractional ownership of IP rights. This means that individuals or entities can own a portion of those rights, enabling broader participation in investment opportunities that were traditionally reserved for large investors or corporations.
2. Liquidity: Tokenization provides liquidity to an otherwise illiquid asset class. Monetizing IP rights often involves long-term contracts with periodic payments, which can tie up capital for extended periods. Tokenizing these rights overcomes the illiquidity problem because investors can freely trade the tokenized IP on the IXS DEX at any time.
3. Global Accessibility: Tokenization enables global access to IP rights. Through blockchain technology, tokens can be bought, sold, and traded across borders without the need for intermediaries or geographic limitations. With IX Swap’s DARE license, we are the only RWA platform that allows all types of investors, globally, and small and large alike, to get their hands on a share of these tokenized IP rights.
4. Transparency and Traceability: Blockchain technology offers transparency and traceability in transactions. Every transaction involving the tokens representing IP rights is recorded on the blockchain, providing an immutable record of ownership transfers and distributions. This transparency can enhance trust and confidence among investors.
5. Lower Barriers to Entry: Tokenization reduces barriers to entry for investors looking to participate in the IP market. Traditional investment avenues in IP rights often require significant capital, legal expertise, and industry connections. With the IXS Launchpad, we take pride in the fact that we are the only RWA platform that actually allows all investors to buy RWA tokens for as little as $1.
6. Programmable Rights: Smart contracts can be utilized to automate distributions based on predefined conditions. For example, tokens can be programmed to distribute payments to token holders automatically whenever revenue is generated from underlying IP rights, streamlining the distribution process and reducing administrative overhead.

Progress and Innovation with IX Swap

At IX Swap, we pride ourselves on the fact that we are the world’s first and leading RWA platform that takes the RWA narrative to the next level. We do so by constantly providing new RWA investment products that the world has never seen.

But more importantly, with the release of ‘Kumar Finally Unbanned’, IX Swap does more than promote progress and innovation. We actively support it. This project is more than just about tokenizing IP rights. Staying true to our core value, we’re sticking to the DeFi narrative—providing a platform for ALL investors—including individuals who see love beyond your typical gender stereotypes. Love is love, and IX Swap is IX Swap.