The intellectual property NFT (IP-NFT) is a new mechanism that leverages distributed ledger technology (DLT) to manage ownership of intellectual property (IP) rights. The goal of the IP-NFT is to enable funding, owning & transacting on IP in an open and distributed market while preserving the privacy and the potential for IP protection that relates to non-registered IP.
For this description, IP is not limited to filed/pending patents but also include pre-patent intellectual products, data sets, or contracts relating to the management of research projects and their corresponding outputs.
Molecule has written extensively about the general needs for such a technical infrastructure and the current implementation therefore on the Medium:
IP-NFTs for Researchers: A New Biomedical Funding Paradigm
Why are IPNFT needed?
Molecule’s Biopharma IPNFTs — A Technical Description