Update License Terms of Existing IP

This use case is for artists or creators who have already registered their NFT as an IP using the KOR protocol and want to update the License Terms on their NFT.

Pre-requisites

You can refer this link for basic setup before you can start with the following steps.

Step 1: Update License terms

In this step, you can update the license terms of your asset using the License module's updateSmartLicense or updateCustomLicense function.

const data = await korSDK.updateSmartLicense({
    ipId: ipId,
    licenseTermId: licenseTermId,
});

By executing this step, you have successfully updated the license terms of your asset. You have updated the license terms of the NFT by minting a new NFT with the updated license terms. The new NFT will inherit the updated license terms from the previous NFT.

If this specific approach doesn’t suit your use case, explore other tutorials to find the best fit for your NFT and IP needs!