Group 1 - The core concept of copyright RWA (Real World Asset) involves mapping real-world copyright assets onto the blockchain to create corresponding digital tokens, emphasizing the economic rights rather than creating a cryptocurrency from scratch [1][4]. - Copyright RWA tokens differ from NFTs as they are fungible, can be split and combined, and focus more on financial attributes, making them suitable for representing divisible revenue rights [3][4]. - The process of participating in a copyright RWA project consists of four key stages: asset selection and compliance verification, economic model and legal structure design, technical implementation and token issuance, and ongoing operation and asset management [2][5][7]. Group 2 - The first step, asset selection, requires identifying copyright assets that are stable in value, have clear cash flows, and are easy to evaluate, such as music copyrights with consistent revenue [8]. - Compliance verification involves thorough due diligence by legal teams to ensure the copyright assets are free of disputes and have clear ownership, which is crucial for the subsequent legal structure design [8]. - The economic model design determines what rights the tokens represent, how revenues are distributed, and how the total token supply is anchored to asset valuation [8]. Group 3 - The establishment of a Special Purpose Vehicle (SPV) is common, allowing for risk isolation and ensuring the legal rights of token holders are protected [8]. - The choice of blockchain is critical, considering factors like transaction costs, efficiency, security, and ecosystem activity [8]. - Smart contracts automate the execution of economic rules, such as dividend distribution and token transfer, and must undergo security audits to prevent vulnerabilities [8]. Group 4 - Successful token issuance allows for the representation of asset rights on the blockchain, enabling trading and circulation on compliant platforms [8]. - Ongoing asset management is essential, requiring a professional team to handle copyright licensing, revenue settlement, and rights protection to ensure stable cash flow [8]. - Transparency is achieved through regular reporting on asset operations and financial data to token holders, fostering a trust system [8]. Group 5 - Copyright RWA projects offer unprecedented value to copyright holders by transforming illiquid assets into digital assets that can be traded globally, enhancing capital efficiency [11]. - The public trading of copyright assets provides a more efficient and fair pricing mechanism, revealing their true value [11]. - Innovative financing models allow for quick fundraising by offering partial revenue rights without the need for traditional collateral or full ownership transfer [11].