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ARTICLE · 25 APRIL 2022

NFT Revolution: The Intersection Of Patents And NFT

S.S. Rana & Co.
S.S. Rana & Co.
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S.S. Rana & Co.

S.S. Rana & Co.

Established in 1989, S.S. Rana & Co. is a premier intellectual property and corporate law firm...

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IPwe and IBM, two tech giants, have joined hands for monetizing patents by trading patents as non-fungible tokens (NFTs) or as digital assets.

IndiaIntellectual Property
Renu Bala
Renu Bala
Swaraj Suryavanshi
Swaraj Suryavanshi
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IPwe and IBM aim to Convert Corporate Patents with Next Generation NFTs Using IBM Blockchain

IPwe and IBM, two tech giants, have joined hands for monetizing patents by trading patents as non-fungible tokens (NFTs) or as digital assets. IPwe seeks to digitize patents by working hands in hands with IBM by creating an infrastructure using IBM cloud and IBM blockchain required for representing patents as NFTs on its platform. The tokenization of intellectual property (IP) will help patents be more easily sold, traded, commercialised, or otherwise monetized, as well as bring new liquidity to this asset class for investors and innovators.1

What are NFTs?

NFT is a data stored or posted in a digital ledger, and that data holds certain representation in particular. For example, an NFT can represent a work of art, a music album, or numerous other types of digital files as well. NFTs are essentially tokens that are simply proof-validations of the existence, authenticity,

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