💡Intro to IP-NFT & IP Tokens
IP-NFTs serve as a bridge between Intellectual Property and Non-Fungible Tokens, seamlessly linking tangible data to digital assets.
Intellectual Property Non-Fungible Tokens (IP-NFTs) embody a captivating amalgamation of two separate yet formidable notions: Non-Fungible Tokens (NFTs) and the legal frameworks surrounding intellectual property rights. This pioneering notion boasts substantial promise, especially within fields focused on decentralization, where it bestows the capacity upon individuals to directly interact with and oversee the intellectual property (IP) produced by esteemed scientists and researchers.
Defining IP-NFTs in the Context of DeSci Solutions
In the context of Decentralized databases and research, where data is meticulously safeguarded and ownership predominantly resides with researchers, our approach extends beyond merely connecting legal contracts and NFTs. We've embarked on a redefinition journey, introducing an additional stratum of private data tailored specifically for IP-NFT owners.
How it works
Components of IP-NFT
IP(Intellectual Property) Intellectual Property:
Patent Licenses
Real data
Smart Contract
Minting of the IP-NFT:
The researcher uploads pertinent information to the Research Application Form, which is designed to uphold confidentiality. This information includes project data, details about the team involved, and an assessment of the project's commercial feasibility.
The scientific community, possessing expertise within the DAO, undertakes the responsibility of evaluating and appraising the project.
Once validated by the DAO, the IP-NFTs are distinguished and associated with a private data repository designed specifically for storing real-world data. This repository is accessible solely to the IP-NFT owner, who possesses the authority to grant access and permissions to authorized individuals.
Tokenizing IP-NFT
When additional funding is needed, the IP-NFT can be used to mint (tokenize) IPTs. Money raised from the sale of IP tokens funds the research.
Go to market with IP tokens: Diverging from conventional NFTs and constrained interpretations of IP-NFTs, owners of IP-NFTs have the flexibility to craft IP tokens and market them to external parties or individuals who exhibit a keen interest in obtaining access. This access entails the privilege to not only view but also utilize the data concealed behind the IP-NFT gateway.
IP token
IP tokens serve as decentralized tokens that confer economic value to holders of IP-NFTs.
Token View: Token holders are endowed with entitlements and established commitments through smart contracts, ensuring their access and viewing rights to the associated data.
Token Use: This token holds a distinct status, offering its owners licensed access to confidential databases for purposes encompassing economic modeling, research, and potential profitability.
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