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How it works

RWA as a License Ownership​

Retro.fun operates under the Digital Millennium Copyright Act (DMCA) framework, utilizing a unique Real World Asset (RWA) tokenization model that ensures legal compliance. Here's how our platform works:

  1. Token as Ownership Claim: Each token represents direct ownership rights to a specific physical game cartridge. When you own a token, you legally own the corresponding physical cartridge that Planetarium Labs stores and maintains on your behalf.

  2. Physical Cartridge Redemption: Token holders have the right to redeem their tokens for the actual physical cartridges at any time. This means:

    • Your token is not just a digital license, but a claim to real-world property
    • You can request Planetarium Labs to transfer the physical cartridge to your possession
    • The token-to-cartridge relationship is permanent and guaranteed

  3. DMCA Compliance Through Physical Ownership: Our model aligns with DMCA requirements because:

    • Each token corresponds to a legitimate physical cartridge
    • We're not distributing unauthorized copies of games
    • Players access only the cartridges they own through tokens

  4. Legal Framework for Digital Access: While your cartridge is stored with Planetarium Labs:

    • You can access your game through our streaming technology
    • The streaming service is a technological extension of your ownership rights
    • Only one player can access a cartridge at a time, just like physical ownership

  5. Tokenization Benefits: This system provides several advantages:

    • Secure ownership verification through blockchain technology
    • Easy transfer of ownership through token transactions
    • Option to claim physical cartridges when desired
    • Convenient digital access to your owned games

  6. Transparency and Verification:

    • Every token is backed by a physical cartridge in Planetarium's secure storage
    • The relationship between tokens and cartridges is publicly verifiable
    • Storage conditions and cartridge maintenance are professionally managed

This model ensures that Retro.fun operates within legal boundaries while providing the benefits of both digital convenience and physical ownership rights. Token holders are true owners of their game cartridges, with the flexibility to either maintain digital access or claim their physical property.

Disclaimer: This explanation of our legal framework is for informational purposes only and should not be construed as legal advice. Users should consult with legal professionals for specific guidance on copyright matters.

ERC404​

ERC404 is an innovative token standard that combines the features of both fungible (ERC20) and non-fungible tokens (ERC721) in a single contract. Retro.fun leverages this hybrid standard to provide unique benefits to our users:

  1. Dual Trading Capabilities:

    • Trade fractional ownership through regular token swaps
    • Buy and sell complete cartridges as NFTs on marketplaces like OpenSea

  2. Flexible Ownership Model:

    • Purchase partial shares of game cartridges through DEX platforms
    • Automatically receive NFT representation when acquiring whole units
    • Seamlessly convert between fungible tokens and NFTs

  3. Enhanced Market Access:

    • Participate in the ecosystem with fractional buying
    • Access premium NFT marketplaces for full cartridge ownership
    • Benefit from increased liquidity across both trading formats

  4. Technical Integration:

    • Smart contract automatically handles conversion between token types
    • Maintains precise ownership records on the blockchain
    • Ensures smooth interaction with both DEX and NFT platforms

This implementation of ERC404 makes Retro.fun more accessible while maintaining the integrity of our cartridge ownership system, allowing users to engage with our platform in ways that best suit their preferences and investment capabilities.