With the release of a new image generator for GPT-4o by OpenAI, a surge of AI-generated artworks mimicking the style of Studio Ghibli animations has emerged online, sparking intense debates on the ethics and legality of AI-driven content creation. This "Ghibli-style" trend has prompted industry figures such as Jason Zhao from Story Protocol and Kyle Samani from Multicoin to share their views on the evolving relationship between intellectual property (IP) and AI. Zhao advocates for the establishment of infrastructure that can provide compensation to artists, while Samani questions the relevance of IP in a world of zero marginal cost creation. Our analysts delve deeply into the role of intellectual property in the AI era in this report.