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The NFT revolution: what will tokenisation mean for patents?


21-02-2019
IP entrepreneur Erich Spangenberg has a plan to turn patents into non-fungible tokens and unlock ‘billions of dollars’ in untapped assets. Muireann Bolger caught up with IPwe CEO to find out more.
IP entrepreneur Erich Spangenberg has a plan to turn patents into non-fungible tokens and unlock ‘billions of dollars’ in untapped assets. Muireann Bolger caught up with IPwe CEO to find out more.
In a move that could herald dramatic changes in the patenting arena, patent marketplace IPwe has unveiled plans to begin representing patents as non-fungible tokens (NFTs) or digital assets.
The project, created in a collaboration with IBM and announced late last month, will see the companies creating the infrastructure for this new process and storing the records on a blockchain network.  ....

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