What is Programmable IP Licensing Good For?

The author argues that programmable IP licensing is most useful for open IP that is illiquid, and that it is less suited to closed mega-IP, where owners want to protect their works. The author says they were involved in this domain from 2014 to 2019, including work on Ujo Music's automated royalty payment prototype on Ethereum and the COALA IP framework. The article cites Story Protocol's $140m raise for a blockchain network focused on programmable IP, and suggests IP clubs, such as tabletop RPG licensing groups or an SCP subset charging for commercial derivatives, as possible uses.