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IPwe and IBM Partner to Transform Corporate Patents With NFTs


IPwe and IBM Partner to Transform Corporate Patents With NFTs
IPwe plans to begin representing patents as non-fungible tokens (NFTs) or digital assets by working with IBM (NYSE: IBM).
The partnership aims to create the infrastructure for representing patents as NFTs and storing the records on a blockchain network. The tokenization of intellectual property (IP) will help position patents to be more easily sold, traded, commercialized or otherwise monetized and bring new liquidity to this asset class for investors and innovators.
By representing IP in this way, it can be licensed, sold and commercialized. Organizations can also more easily view the IP as an asset on their balance sheet. While NFTs have been used to represent digital art, sports memorabilia and iconic Tweets, among others, the early adoption of IP-based NFTs could drive the transformation of how IP is treated by inventors and enterprises.    ....

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