# 5. IP Token

&#x20; IP Tokens are directly connected to both MUC and NFTs. The connected IPs, such as TMHC and GAJA!Alice, are issued and operated in the form of PFP (Profile Picture) NFTs.

&#x20;IP Tokens can be composed of separate tokens, such as MZC for TMHC and another specific token for GAJA!Alice.

&#x20;When directly connecting MUC to content, it is not possible to finely adjust the distribution of circulation. Therefore, IP Token enables the adjustment of the crypto economy by linking each content with MUC. Through the adjustment of the value and circulation of IP Tokens, it is possible to finely adjust the economy of MUC.


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