IPwe To Launch NFT Platform For Patents Using IBM Tech

Patent market platform IPwe has partnered with IBM to launch non-fungible token (NFT) patents. The patent records will be stored using IBM’s blockchain technology.

NFTs are already widely used for digital content to enhance their value. Lately, it seems that new digital markets based on NFT products are emerging for sports collectibles, 3D clothing, and abstract ownership of internet content. One area that has not yet been widely explored is the potential for NFTs tied to patents. There have been numerous blockchain trials for other intellectual property (IP) rights, such as copyright.

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