In recent years, we have borne witness to the exponential growth of non-fungible tokens (NFTs), especially within the art and collectibles realm. Highly notable projects such as Blue-chip PFPs like BAYC and Azuki have gained significant traction, and more ventures are beginning to unlock the practical utilities of NFTs that can be integrated into real-world use cases. In particular, with regards to intellectual property, the advent of IP NFTs has allowed for seamless linking with music albums, merchandise, TV series, films, and more to enable the sharing of revenue streams with NFT holders.