Discovered a pattern: Buidlpad main launchpad launch - listed on Binance Buidlpad Vibe launch - listed on Binance Alpha As the first project launched on Vibe, and the only TGE project in the IP ecosystem, Aria’s overall performance has been quite satisfactory. Here are a few points to note: First, both Upbit and Bithumb have announced that they will airdrop ARIAIP to IP Holders. Plus, Aria’s deep involvement in the Korean entertainment IP sector: - Completed tokenization of K-pop IP worth 140 billion KRW - Covers copyrights of top artists like BTS and BLACKPINK - Deep collaboration with local Korean content company Contents Technologies ARIAIP has a decent chance of being listed on Korean exchanges. Aria is validating a bigger narrative: the institutionalization process of IP RWA (Real World Assets). Through the Aria PRIME institutional platform, traditional asset management institutions can, for the first time, allocate entertainment IP assets in a compliant manner. This represents a new direction for institutional capital allocation. Secondly, ARIAIP’s control over circulating supply is quite high. According to data from Master Shixiong, the official circulating supply is 33%, while the project team holds 26%. Currently, the FDV (Fully Diluted Valuation) is $153 million. Compared to its performance on Buidlpad Vibe, where it oversubscribed by 20x and raised $12 million, market expectations are already quite high. However, considering the overall narrative potential of the Story ecosystem and the imagination space for the tokenization of IP assets, there’s still room for discussion regarding this valuation level. Anyway, I got convinced by the IP narrative once before, so this time I’m just waiting to see what happens next with ARIAIP. #StayTuned