# $APL

$APL is the first IP RWA (Intellectual Property Real-World Asset) token launched on Aria Protocol. It is a fungible token backed by iconic music rights acquired by Aria Management Company (affiliated with Aria Protocol Labs Inc.).

The $APL token represents the Aria Premiere Launch catalog; a collection of partial rights to 48 iconic songs acquired to date from the $10.95 million USDC raised using StakeStone’s LiquidityPad.

Following the launch of remixable IP and the Aria Global Remix Contest featuring 3 songs from South Korean artist and actress NANA, the token will also be linked to any remixes of the 3 tracks released by a label. 

Holders are entitled to a share of potential real-world revenue generated by the underlying IP assets.

$APL brings a new kind of asset onchain: income-generating IP you can own, stake, and earn from. 

For the complete list of assets, you can check out APL's [Asset List](/ip-rwa-tokens/usdapl/asset-list.md), or check out the tokenomics at [Tokenomics](/ip-rwa-tokens/usdapl/tokenomics.md).

Token and Contract Addresses:

* `APL: 0xfE82012eCcE57a188E5f9f3fC1Cb2D335C58F1f5`
* `stAPL: 0xb5461c1FD0312Cd4bF037058F8a391e6A42F9639`
* `Staking contract: 0x73d600Db8E7bea28a99AED83c2B62a7Ea35ac477`


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