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As a creator, do I ever hold the raised money directly?
Only the part that's unlocked. The rest stays in escrow until its stage is approved.
Picture a concert tour:
Ticket sales sit in a box-office account the tour manager can't touch
Each stage's installment opens only after that stage is signed off
The tour manager takes one installment at a time, never the whole box at once
Here's how it works, per IPX:
1. Raised capital never sits in a creator's wallet. It's held in a non-custodial smart contract escrow
2. Before the raise, the creator submits a line-by-line budget. IPX says its AI agent, Alfred, sets it up in a contract tied to milestones, and that CertiK audited it
3. After the project graduates, its budget moves into a separate escrow. A stage unlocks once the creator submits proof and the platform approves it, and then it's available for the creator to transfer
My read: as a creator, I'd hold an installment only after I prove its stage, and never the whole raise up front.
Real count, from IPX's text: it names 3 example stages: pre-production, filming and post-production.
Made-up scenario, not a real project: a film uses those 3 stages. Pre-production is approved, so 1 of 3 installments is available to transfer. Filming and post-production stay in escrow until they pass their checks.
My take: the first thing I'd ask is how long an approval takes. If a stage sits locked while I wait, that could hold up the whole shoot.
What comes out the other end, per IPX?
• Each stage's installment, after its milestone is approved
• A record of every request, approval and release on IPX and Base, so supporters can follow along
• What a creator pays, if anything: I didn't find it listed, so I'd check the project terms
The honest part:
• IPX says unlocks happen automatically with no human gatekeepers, and also says the platform approves each milestone. I couldn't find how those fit together or how long an approval takes
• The Defiant labels the announcement "Presented by IPX," and I haven't seen anyone outside IPX confirm how it runs
• I haven't seen it run on a live project yet
So before I launch, I'd find out who approves each milestone and how long an approval takes.
I'll want both answers before I confirm.
Why this matters for creators and fans:
→ Creators know the payout path before they launch
→ Fans can see which stages are open and follow each release
→ Both sides work from the same milestones
Source: IPX's router announcement and its KPI-Gated Escrow announcement
Which would you check first: the budget lines or who approves each milestone?