بروتوكول أريا: ترميز حقوق ملكية الموسيقى كأصول IPRWA على سلسلة القصص

Aria Protocol is a Web3 platform leveraging the Story L1 chain to fractionalize music and other intellectual property (IP) rights into yield-bearing IPRWA (IP Real-World Assets) tokens, starting with 48 global hit songs bundled into the $APL token, generating a TVL of approximately $9.88 million.

Project Overview: IPRWA Infrastructure for Music and Beyond

Founded to transform the $61 trillion intangible assets market into transparent, programmable IP on-chain, Aria Protocol focuses on music royalties as its entry point, with plans to expand to art and film. The core $APL asset represents bundled royalties from tracks like Justin Bieber’s “Peaches” and BLACKPINK’s “Yeah Yeah Yeah,” offering 5-8% annualized yields. The $ARIAIP governance/utility token, launched via community sale on October 31, 2025, with a $60 million FDV, enables DAO voting, LP incentives, and IP-gated access. Structured under Cayman-based Aria Foundation for governance and Delaware’s Aria Protocol Labs Inc. for R&D, Aria envisions “IPFi” as the future of compliant, composable IP in DeFi’s $150 billion+ TVL ecosystem.

Core Products: $APL and $ARIAIP Tokens

Aria’s platform features:

• $APL IPRWA Token: Fractionalized royalties from 48 songs, valued at $10.95 million, with quarterly distributions and 4,300+ investors.
• $ARIAIP Governance Token: 1 billion total supply, 33% initial circulation ($60M FDV); powers voting, staking, and LP rewards.
• Aria PRIME: Institutional arm for 100 million USD K-pop IP pipeline, launching Q4 2025.

The Story L1 integration enables programmable IP, with $C7C95D52 contract for $ARIAIP.

Tokenomics: $ARIAIP Allocation and Vesting

$ARIAIP’s 1 billion supply emphasizes community and sustainability:

• Community Growth (21%): 33% at TGE; 3-year linear vesting.
• Ecosystem & Partnerships (21%): 33% at TGE; 3-year linear.
• Initial Liquidity (9%): 100% at TGE, including 5% airdrop (3% LONG holders, 0.16% Founders Pass NFTs, 0.13% partner campaigns).
• Foundation (10%): 100% at TGE.
• Core Team (21%): 0% at TGE; 1-year cliff + 20% annually over 2 years.
• Early Investors (18%): 0% at TGE; 1-year lock + 2-year linear.

Vesting promotes alignment, with 67% locked for 1+ years.

Airdrop and Community Sale: $60M FDV and 26x Oversubscription

The 5% airdrop (50 million $ARIAIP), snapshotted November 5, 2025, at 13:00 UTC, targets LONG holders (3%), Founders Pass NFTs (0.16%), and partner campaigns (0.13%, e.g., 0.05% OKX Wallet). Manual claims exclude restricted regions like the US/UK. The community sale on Buidlpad “Vibe” platform oversubscribed 26x, raising $12 million for a $60 million FDV, featuring 30-day refund protection for sub-par performance.

Funding History: $26.45 Million Raised

Aria’s funding includes:

• LiquidityPad Crowdfund (February 2025): $10.95 million for music IP acquisition.
• Seed Round (September 2025): $15 million from Polychain, Neoclassic, Story Foundation.
• Strategic Extension (October 2025): $0.5 million from OKX Ventures, Selini Capital.

Total $26.45 million fuels IP bundling and cross-chain expansion.

Roadmap Milestones: Programmable IP and RWA Expansion

Aria’s timeline includes:

• Q1-Q2 2025: Platform mainnet and $APL issuance; $10.95 million fundraising (completed).
• Q3 2025: $15 million Seed; 100 million USD K-pop IP partnership (completed).
• Q4 2025: $ARIAIP community sale and TGE; Aria PRIME institutional launch (ongoing).
• Q4 2025–Q1 2026: Full governance; NANA Remix programmable IP; art/film IPRWA rollout (planned).
• 2026+: Cross-chain interoperability; AI training data and new categories (planned).

On-Chain Metrics: $9.88 Million TVL and Concentrated Assets

TVL stands at $9.88 million:

• $stAPL Staking Vault: $8.50 million (86%).
• $ARIAIP/IPRWA Liquidity Pool: $1.38 million (14%).

Ranked #42 in DeFiLlama’s RWA category, daily transactions average 200-300, peaking at 1,500 during IDO. The $C7C95D52 contract on Story L1 shows no bridges, emphasizing single-chain focus.

Social and Community Sentiment: Positive with Growth Focus

Twitter discussions (October 1–November 5, 2025) are 80% positive, centering on $ARIAIP economics, programmable IP innovation, and the 26x-oversubscribed community sale. KOLs like @StoryProtocol hail Aria as Story’s IP flagship, @shivst3r lists it as a Q4 RWA watchlist, and @storysylee praises “iconic” tokenomics. No major FUD; sentiment on vesting and K-pop potential is optimistic.

Risks and Opportunities: Market, Regulation, and Technology

Conclusion: IPRWA Pioneer with Scalability Potential

Aria Protocol’s music royalty RWA entryway, bundling 48 tracks into $APL with $9.88 million TVL and 4,300 investors, establishes it as a Story L1 flagship. $ARIAIP’s community-centric allocation and 26x sale underscore market validation, bolstered by $26.45 million funding from Polychain and Story Foundation. Short-term, TGE liquidity and compliance airdrops will gauge performance; mid-term, programmable IP modules and $100 million K-pop pipeline deployment will validate scalability. If the roadmap delivers and Story gains external traffic, Aria could anchor IPFi; otherwise, royalty settlement depth and chain reliance may cap growth. Investors should monitor post-launch trading and on-chain metrics, awaiting detailed vesting and 2025-Q4 updates.