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Preface
Let Artistic Value Flow Freely
Under the centralized model, the entertainment industry has long been stuck in a vicious cycle of "creators at a disadvantage, platforms holding monopolies, and fans left passive." According to the 2024 Global Entertainment Industry Report, 90% of independent creators worldwide earn less than 15% of their work's total value; 80% of high-quality IPs get "shelved" due to insufficient platform resource support; and only 30% of the money fans spend on IPs actually reaches the creators.
But the rise of Web3 technology—especially RWA (Real-World Asset tokenization)—is opening up a whole new way to break this deadlock. Mirror.fan was born for this very reason. As the world's first full-category entertainment RWA issuance platform, we center our work around an "Entertainment Asset Pricing Engine." We use blockchain tech to turn IPs like films, comics, music, and novels into tradable, divisible digital assets.
90%
Creators Underpaid
Independent creators earn less than 15% of total value
80%
IPs Shelved
High-quality content lacks platform support
30%
Value Lost
Fan spending that reaches creators
A Trillion-Dollar Blue Ocean Market
Right now, the EntertainmentFi (Entertainment + Decentralized Finance) track is booming: the global entertainment and media market will surpass $1.28 trillion by 2027, and the fan economy is worth over $1.25 billion. Yet Web3 tech has less than 1% penetration in the entertainment space—which means a multi-hundred-billion-dollar blue ocean market is waiting to be tapped.
Market Size by 2027
$1.28 trillion global entertainment and media market
Web3 Penetration
Less than 1% in entertainment—massive growth potential
Vision for 2030
Half of internet users experiencing entertainment in the metaverse
Our ultimate vision? By 2030, build the world's largest entertainment metaverse ecosystem, where half of all internet users experience entertainment, create value, and find connection in the virtual world—letting the soul of art thrive forever in a decentralized space.
Industry Trend
RWA Reshapes the Value Landscape of the Entertainment Industry
Section 1.1
What Is Entertainment RWA?
RWA (Real-World Assets) tokenization refers to using blockchain technology to split valuable real-world assets (like real estate, art, or entertainment IPs) into standardized digital tokens. This enables the division of asset ownership, cross-border trading, and efficient circulation.
Entertainment RWA specifically focuses on tokenizing entertainment IPs (films, comics, music, novels), with three key differences from other RWA types:
More Flexible Value Properties
An entertainment IP's value comes not just from copyright earnings, but also from derivative development (merchandise, games) and fan interactions (celebrity meetups, livestreams). Token benefits can be designed across multiple dimensions.
Lower Participation Barrier
RWA tokens for a single film can be split into 10 million units, with each token costing just $0.1. Regular fans don't need big sums to invest—truly making "everyone an entertainment investor" a reality.
Higher Emotional Value
Holding IP tokens lets fans earn returns and unlock exclusive perks (like voting on script changes or 1-on-1 chats with creators). Emotional ties drive long-term holdings.
Dual Drivers: Policy & Demand
Global Entertainment RWA Enters Its Golden Age
Policy Dividends: Accelerating Global Compliance
  • Hong Kong, China: As Mirror.fan's core base, Hong Kong Cyberport launched the "Creative Micro Fund," offering up to HK$2.6 million in support for Web3 + entertainment projects. Mirror.fan is already in the license application process.
  • Singapore: The Monetary Authority of Singapore (MAS) released its Digital Asset Regulatory Framework, classifying entertainment RWA as a "recognized asset tokenization category." Singapore's entertainment RWA trading volume exceeded $100 million in 2024.
  • EU: The Markets in Crypto-Assets Regulation (MiCA) took effect in June 2024, establishing clear standards for "non-fungible asset tokenization."
  • U.S.: While the SEC enforces strict crypto regulations, it takes an open stance toward "RWAs backed by real assets." In 2024, 3 music RWA platforms already obtained SEC's "Regulation A+" exemption.
Demand Surge: The Shift from "Consumption" to "Investment"
62%
Gen Z Adoption
Users aged 18-30 willing to pay for digital assets + entertainment perks
31%
Web3 Overlap
Fans of top IPs who are Web3 users
28%
Fan Conversion
Traditional fans converting to "investor-fans" after RWA exposure
Gen Z Leading the Charge
According to the Gen Z Entertainment Consumption Report, 62% of users aged 18–30 are willing to pay for "digital assets + entertainment perks," and 45% say they "prioritize entertainment products they can invest in."
Growing Web3 Overlap
31% of fans of the top comic IP Cat's Eye are Web3 users. These users spend an average of $200 monthly on digital assets, with 60% going to entertainment-related tokens.
Traditional Fans Upgrading
Among traditional fans of a film IP, 28% converted to "investor-fans" after being exposed to RWA. They hold IP tokens for an average of over 6 months and bring in 3–5 new users each.
A Trillion-Dollar Blue Ocean
Market Size & Growth Potential of Entertainment RWA
The global entertainment market breakdown for 2024 reveals massive untapped potential for Web3 integration:
EntertainmentFi Potential
When Web3.0 entertainment ($2.8 trillion) merges with the crypto market ($5 trillion) via RWA, the resulting EntertainmentFi market will reach $7.8 trillion.
150× Growth Opportunity
Current market worth $5 billion with over 150× growth potential. Entertainment RWA will capture over 30% of this market, or $2.34 trillion.
User Growth Forecast
Global Web3 entertainment users will grow from 12 million today to 150 million over the next 3 years—an annual compound growth rate of 120%.
Platform Positioning
The Entertainment Industry's "NASDAQ + Super Fan Club"
Core Identity & Mission
A Value Hub Connecting Creators, Fans, and Investors
Mirror.fan was incubated by the Hong Kong Government's "Cyberport" and is positioned as the "value hub of the entertainment industry in the Web3 era". It plays two core roles:
Web3 Entertainment NASDAQ
Solves the three biggest pain points in traditional entertainment—unclear IP valuation (no quantifiable standards), limited funding channels (reliance on institutions), and poor liquidity (untradable earnings rights).
  • Dual-dimension valuation model for scientific IP pricing
  • Three-phase funding model to lower creators' barriers
  • Secondary market for instant IP token circulation
Super Fan Club
Breaks the one-way "creator-to-fan" relationship, turning fans into "co-builders and beneficiaries" of IPs.
  • Fans holding tokens earn dividends
  • Vote on IP development decisions
  • Unlock celebrity interaction perks via limited tickets
  • 3-5× boost in user retention
Solid Strengths
Comprehensive Guarantees from Compliance to Technology
01
Government Endorsement
Selected project of the 2024 Web3 Innovation Initiative at Hong Kong Cyberport with highest level of government funding support
02
IP & User Base
Massive reserves with high retention rates across films, comics, novels, and music
03
Media & Technology
Promotion advantages through 361 media partners plus high-barrier technical systems
Government Support
Government Endorsement
Mirror.fan is a selected project of the 2024 Web3 Innovation Initiative at Hong Kong Cyberport, having secured the highest level of government funding support. It has also been incorporated into Hong Kong's "Web3 + Entertainment" Pilot Program, entitling it to priority policy matchmaking, regulatory compliance training, and other benefits.

Compliance Advantage: As a Cyberport-supported project, Mirror.fan gets priority access to SFC's virtual asset license guidelines and is expected to obtain an "asset tokenization platform license" in Q2 2025.
IP & User Base: Massive Reserves + High Retention
Film IPs
23 B-tier+ works including Go Away, Mr. Tumor and Fat Buddies. Cooperation agreement with Ruyi Xinxin (Hong Kong Stock Code: 00136.HK) to tokenize 3 film IPs via RWA.
Comic IPs
30+ top works including Cat's Eye (300 million+ global fans), Burning Sorrow (9.1/10 rating, 2 million+ paying users), and Chinese Miracle Doctor (10 billion+ views).
Novel IPs
1,300 works covering Tencent Reading, Kuaikan Novels, and other platforms. 50 novels have over 100 million online views, making them high-potential IPs for development.
User Base Performance (Pilot Data, June–September 2025)
291K
Registered Users
45% Web3 users, 55% Web2 users
63K
On-Chain Users
Average 8.2 interactions per user
45%
30-Day Retention
Far exceeding industry average of 25%
$3
User Acquisition Cost
Lower than industry average of $8
Media & Technology: Promotion Advantages + High-Barrier Systems
Media Matrix
Partner Media: 361 well-known entertainment + crypto media outlets, including Jinse Finance, Feixiaohao, Dashu Finance, Sina Finance, and Hong Kong Economic Journal—covering both Chinese and English markets.
In-House Media: The founder of helloWEB3 Finance joined as a platform lecturer, regularly publishing content on entertainment RWA. Their YouTube channel has 100,000+ subscribers, and their Twitter has 50,000+ followers.
Technology Systems (Core Modules)
1
Cross-Chain Asset Interaction System
Settlement delay < 3 seconds; supports 4 chains (Solana/Ethereum/BSC/TON); cross-chain fees as low as $0.1. Uses relay + multi-signature bridging solution.
2
Entertainment IP On-Chain Rights Confirmation Engine
99.9% confirmation accuracy; processes 1,000 proofs per second. SHA-256 hash synced to 20+ global copyright offices.
3
Smart Contract Security Audit System
300% higher security than traditional audits; zero security incidents during pilot phase. Triple-institution review process.
Core Solution
IP + Tokens + Technology Build an Ecosystem Loop
Solving the Four Big Pain Points of Traditional Entertainment
Full-Process Ecosystem Loop
From IP Onboarding to Value Monetization
1
Phase 1: Airdrop User Acquisition (0–1 Month)
Creator Actions: Connect Solana wallet, upload IP materials, set airdrop rules (distribute 1 million project tokens).
User Actions: Bind wallet via Telegram bot, complete social tasks, receive tokens automatically.
KPI Target: Attract 50,000–100,000 seed users; 30% community activity rate.
2
Phase 2: Funding & Development (1–3 Months)
Fund Custody: Smart contract generates dedicated funding address. Funds unlock in 3 phases based on IP completion milestones.
Creator Development: Regular progress updates, incorporate fan feedback.
User Participation: Monitor fund usage, vote on progress reviews.
3
Phase 3: Operation & Value Growth (3+ Months)
Profit Distribution: Smart contracts automatically calculate dividends monthly, buy back and burn project tokens.
Limited Ticket Issuance: Entertainment tickets with burning mechanism drive scarcity value.
Value Buyback: 20% of IP earnings used to buy back tokens and inject liquidity.
Phase 1
Airdrop User Acquisition (0–1 Month)
Rapidly Build Seed Users
Creator Actions
  1. Log into the Mirror.fan desktop site (mirror.fan) and connect a Solana wallet (Phantom/Tonkeeper)
  1. Upload IP materials (e.g., comic drafts, novel outlines, film script excerpts) and fill in basic IP info
  1. Set airdrop rules: Distribute 1 million project tokens; users get 100 tokens for completing social tasks
User Actions
  1. Bind a wallet address via the Telegram bot (@MirrorAirdropBot)
  1. Complete social tasks; the bot automatically verifies and sends tokens
  1. Check IP details, follow funding progress, suggest ideas in the community

KPI Target: A single IP's airdrop attracts 50,000–100,000 seed users; 30% of community members are active (post ≥ 2 times daily).
Phase 2
Funding & Development (1–3 Months)
Secure, Efficient Fundraising
Fund Custody
The platform's smart contract generates a dedicated funding address. Users buy project tokens with $ENT. Funds unlock in 3 phases: 15% at 30% IP completion, 15% at 60%, 20% at 100%, and remaining 50% based on trading volume. If IP development fails (<30% completion in 3 months), the smart contract automatically refunds remaining funds to users.
Creator Development
Regularly update development progress on the platform (e.g., 2 comic updates weekly, 1 film shoot update monthly). Incorporate fan feedback to adjust content (e.g., revise novel endings based on votes).
User Participation
Check fund usage details (on-chain verifiable) to monitor IP development progress. Vote on "progress reviews"; if >50% of users think progress is lagging, the platform steps in to coordinate.
Phase 3
Operation & Value Growth (3+ Months)
Build a Long-Term Value Loop
Profit Distribution
After the IP generates earnings (e.g., paid comic reads, film copyright fees), smart contracts automatically calculate dividends on the 10th of each month.
Distribution Method: Inject IP earnings dividends into the smart contract, which buys back project tokens from the market and burns them—driving up token value.
Limited Ticket Issuance
Issue "entertainment tickets" (e.g., 1-on-1 celebrity livestreams, offline comic con tickets). Users buy tickets with $ENT.
Burning Mechanism: Tickets are burned after use; remaining tickets increase in value due to scarcity.
Example: Cat's Eye issued 1,000 tickets at 10 $ENT. After 1 month, with 300 left, price rose to 30 $ENT.
Value Buyback
Each month, 20% of IP earnings are used to buy back project tokens and $ENT.
Repurchased tokens are injected into the liquidity pool to boost secondary market depth; part of $ENT is burned to reduce circulation.
Data: In Q3 2024, the platform bought back 50 million $ENT tokens, burned 25 million, and $ENT's price rose 15% that month.
Core Technology Support
Comprehensive Optimization from Underlying Tech to User Experience
Cross-Chain Asset Interaction System
Uses relay + multi-signature bridging solution. Relayers monitor transaction status across chains in real time. Settlement delay < 3 seconds; supports 4 chains; cross-chain fees as low as $0.1. Passed dual audits by CertiK and OpenZeppelin.
Entertainment IP On-Chain Rights Confirmation Engine
When an IP is uploaded, a SHA-256 hash is automatically generated and synced to 20+ global copyright offices. 99.9% confirmation accuracy; processes 1,000 proofs per second. Successfully recovered $2 million in infringement damages.
Smart Contract Security Audit System
Internal team conducts static analysis; CertiK performs dynamic auditing; OpenZeppelin runs penetration tests. 300% higher security than traditional audits; zero security incidents during pilot phase.
Competitive Barriers
Three Moats Build Industry Leadership
Competitor Differentiation
What Makes Mirror.fan Stand Out?
Three Core Moats
Hard to Replicate by Competitors
Tech Moat
15-person core tech team with average 5 years Web3 experience. 3 members are former Solana Foundation engineers, 2 from Alibaba DAMO Academy. Filed 3 patents for cross-chain interaction, IP rights confirmation, and dynamic audit defense.
Compliance Moat
Hong Kong Cyberport support with priority access to SFC's virtual asset license guidelines. Expected to obtain "asset tokenization platform license" in Q2 2025. Global layout with subsidiaries in Singapore and EU.
Ecosystem Moat
1,353 IPs signed—23 top IPs (10M+ fans), 120 mid-tier IPs (1M–10M fans), 1,210 long-tail IPs. Deep partnerships with Stephen Chow's team, Ruyi Xinxin, Kuaikan Comics, and Tencent.
Technology
Tech Moat: 15-Person Core Team + Patent Reserves
Team Strength: The 15-person core tech team has an average of 5 years of Web3 development experience. 3 members are former Solana Foundation engineers, 2 from Alibaba DAMO Academy—with expertise in multi-chain development, cross-chain interaction, and smart contract security.
Patent Reserves: Filed 3 patents for "cross-chain asset rapid interaction," "entertainment IP on-chain rights confirmation," and "dynamic audit defense"; 2 more patents are pending.
Tech Roadmap: Updates the tech roadmap quarterly. Plans to introduce AI-assisted IP valuation (auto-calculates valuation based on user behavior data) in 2025, and VR/AR metaverse interaction (users experience IPs in virtual scenes) in 2026.
Compliance
Compliance Moat: Hong Kong Cyberport Support + Global License Layout
Hong Kong Compliance
As a Cyberport-supported project, Mirror.fan gets priority access to SFC's virtual asset license guidelines. Expected to obtain an "asset tokenization platform license" in Q2 2025.
Singapore
Established subsidiary applying for MAS's "digital asset service license"
European Union
Registered entities aligning with MiCA regulations
United States
Plans to enter U.S. market in Q3 2025, applying for SEC's "Regulation D" exemption
Risk Control: Established a compliance committee with 3 senior lawyers (specializing in Hong Kong, Singapore, and EU regulations) to review business compliance regularly and adjust operations to meet regional regulatory requirements.
Ecosystem
Ecosystem Moat: Massive IP Reserves + Deep Partnerships
IP Reserves: As of Q3 2026, the platform has signed 1,353 IPs—23 top IPs (10M+ fans), 120 mid-tier IPs (1M–10M fans), and 1,210 long-tail IPs (100K–1M fans). This forms an "top IP drives traffic, mid-tier ensures scale, long-tail enriches categories" portfolio.
Deep Partnerships
Stephen Chow's Team
Signed letter of intent to tokenize classic film IPs (e.g., King of Comedy) and develop metaverse scenes
Ruyi Xinxin
Strategic partnership with Hong Kong Stock Code: 00136.HK to onboard 3–5 film IPs annually and share copyright earnings
Content Platforms
Signed content cooperation agreements with Kuaikan Comics and Tencent for IP integration
Development Roadmap
Become the Global Entertainment RWA Leader in 3 Years
0-6 Months
Short-Term Goal: Launch Phase
Lay the Foundation, Gain Traction
IP Issuance Plan
  • Films: 5 works (3 new IPs, 2 existing IPs)
  • Comics: 10 works (6 new IPs, 4 existing IPs)
  • Novels: 200 works (50 new IPs, 150 existing IPs)
  • Music: 5 works (5 new IPs)
Market Expansion
Core Regions: Hong Kong (policy hub), Southeast Asia (Singapore, Malaysia, Indonesia)
Promotion Strategy: Participate in Cyberport Web3 expos, launch #MirrorEntertainmentRWA challenge on TikTok (target: 500M views), create 10 localized communities with 10,000+ members each
500K
Registered Users
250K Web3 + 250K Web2 users
150K
On-Chain Users
30% interaction rate
$5M
Platform TVL
10% staking participation
0.5%
Market Share
Of global Web3 entertainment
12 Months
Mid-Term Goal: Series A Phase
Scale Up, Increase Market Share
1
IP Issuance
Films: 15 works
Comics: 30 works
Novels: 500 works
Music: 20 works
2
Market Expansion
New Regions: Japan/Korea (anime core markets), North America (high-net-worth consumers)
Partner with Line Manga, Naver Webtoon, Coinbase Wallet
3
User Scale
Registered: 2 million
On-Chain: 800,000
TVL: $200 million
Market Share: 3%
36 Months
Long-Term Goal: IPO Phase
Mature Ecosystem, Industry Dominance
IP Issuance Plan
  • Films: 50 works (35 new, 15 existing)
  • Comics: 100 works (70 new, 30 existing)
  • Novels: 2,000 works (1,000 new, 1,000 existing)
  • Music: 100 works (80 new, 20 existing)
Global Layout
New Regions: Europe (UK, France, Germany), Australia
Operations System: 4 regional hubs in Hong Kong, Singapore, Los Angeles, and London
Multi-Language Support: 10 languages covering 90% of global internet users
100M
Registered Users
30M Web3 + 70M Web2 users
30M
On-Chain Users
30% interaction rate
$5B
Platform TVL
20% staking participation
25%
Market Share
Of global Web3 entertainment

Industry Position: Become the world's largest entertainment RWA issuance platform. Complete IPO with a target valuation of $37.5 billion—becoming a benchmark enterprise in the Web3 entertainment space.
Token Economics
$ENT — The Core Currency of the Entertainment RWA Era
Core Positioning of $ENT
The "Bitcoin" of the Entertainment Industry
$ENT is the only utility token in the Mirror.fan ecosystem, with a total supply of 100 billion. It uses a dual mechanism of "deflation + value pegging" and serves three core roles:
Ecosystem Medium of Exchange
All platform transactions (IP token issuance, ticket purchases, staking mining) are settled in $ENT—creating rigid demand.
Value Storage Tool
$ENT's circulating market cap is pegged to the total value of entertainment assets on the platform. As IPs appreciate, $ENT grows in value. Similar to Bitcoin's role in crypto, $ENT will be the "core reserve currency" of the entertainment RWA industry.
Governance Token
Holding $ENT lets users participate in platform DAO governance (e.g., adjusting IP valuation rules, voting on ecosystem fund usage). More holdings mean greater voting weight.
Allocation & Unlocking Mechanism
Core Advantage: Only 1.4 billion $ENT (1.4%) will be in circulating supply in Year 1. Unlocking rules are written into immutable smart contracts—completely eliminating "dump" risks.
Value Capture: Three Growth Logics
Rigid Demand
$ENT is used for IP issuance (10% service fee), ticket purchases, and staking mining—creating consistent usage across all scenarios.
Buyback & Burn
20% of IP earnings are used to buy back $ENT (part burned, part injected into liquidity pools).
Value Pegging
$ENT's circulating market cap = total value of ecosystem IPs. As IPs appreciate, $ENT grows in value.
Build the Ecosystem Together
Everyone's a Value Creator in Entertainment RWA
Three Core Roles & Perks in the Ecosystem
1. Entertainment Agent (The Backbone)
Main Jobs: Bring in IPs, design custom RWA setups, and handle promotion/operations.
Perks: Mine in both the Entertainment Pool and RWA Pool; earn 1-5% of earnings from RWA launches; get priority access to airdrops and private sales.
How to Get This Role: Log into Mirror.fan, join the EntertainFi Club membership to get a "Co-builder NFT Miner."
2. Creator (The Foundation)
Main Jobs: List your original IPs, launch RWA tokens and fan tokens.
Perks: Mine $ENT based on your work's exposure; get a cut of your IP's earnings.
How to Get This Role: Log into Mirror.fan, buy a Creator NFT Miner.
3. Entertainer (The Pillar)
Main Jobs: Stake $ENT, buy nodes, and participate in votes.
Perks: Mine in the Staking Pool to earn ART tokens (the ecosystem's governance and payment currency).
How to Get This Role: Log into Mirror.fan, buy an Entertainer NFT Miner.
Entertainment Mining Pool Reward Breakdown
Now Open
Co-builder Mining Pool
First Batch Open Now
This is the core way to join Mirror.fan's ecosystem—it lets you earn both RWA dividends and mine tokens with on-chain computing power. Here's the full scoop:
01
Token Release Rules
Rolling out tokens for co-builder nodes (60 tokens total). 20% (12 tokens) released in the first year; each year after that, the release percentage drops by 20%. This keeps the tokens scarce and the supply stable.
02
NFT Miner Sales Rules
Launching 4,000 permanent mining NFT miners. Starting price: 1000U per miner. Price hike rule: Every time 100 miners sell out, the price goes up by 10U. This makes miners more valuable as they get harder to grab.
03
Computing Power for NFT Miners
Each NFT miner gets two types of computing power: Fixed power (1500A base power—locks in your daily minimum earnings) and Variable power (tied to the entertainment works you bring in).
04
Miner Funds & Trading
All cash from miner sales gets added to the LP liquidity pool. You can buy, sell, or transfer NFT miners freely on the secondary market anytime.
Co-Build the Web3 Entertainment Era
Share the Trillion-Dollar Market
While centralized platforms still monopolize entertainment value, creators struggle with unfair earnings, and fans remain passive consumers—Mirror.fan is breaking this cycle with RWA tech. We've built an entertainment Web3 ecosystem where "creators earn fairly, fans invest, and investors get stable returns"—rooted in Hong Kong compliance, protected by cross-chain + rights confirmation tech, and powered by 1,300+ IPs.
Investing in $ENT and joining Mirror.fan isn't just about asset appreciation—it's about becoming a founder of the entertainment digital revolution. We promise:
  • Tech: Continuously iterate cross-chain, AI, and metaverse tech for more immersive entertainment experiences.
  • Ecosystem: Add 1,000+ high-quality IPs annually to give creators more opportunities.
  • Returns: Use buybacks, burns, and value pegging to make $ENT a long-term growth asset.
By 2030, when half the world's internet users watch films, read comics, and create music in the Mirror metaverse—when IP value flows to everyone who contributes—we'll see it clearly: Artistic value lasts forever because of decentralization; human creativity thrives because of Web3.
Now, we invite creators, investors, and entertainment lovers worldwide to join us in opening the golden age of entertainment RWA!
Official Contacts
Inquiry Email for Work Distribution: fuchsia777889@gmail.com