> For the complete documentation index, see [llms.txt](https://docs.hydrau.lc/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.hydrau.lc/technology/ip-nft.md).

# IP NFT

A directly-backed one-to-one representation of the IP asset as an NFT, legally backed by the collateral of the IP asset.