Tokenization of Intellectual Property
What is Tokenization of intellectual property rights?
To Tokenize a property means to put a non indicative word called 'Token' as a share of the total property (you will not get to know the value of the total property) that investors can buy. An example is when you tokenize your intellectual property (it could be a copyright, trademark, industrial design or a patent) - your property (share) will be valued in smaller value so that investors whether small or big can buy into. Tokenization Program is structured in blockchains and when investors buy into it using smart contracts framework. Compared to the conventional way in which investors buy shares, buying shares from a Tokenized Framework will mean that investors can buy just a small part of the property instead of having to fork out a large sum of money to acquire just a single share as offered by a public share trading entities.
Tokenization of intellectual property is a new concept but it has made it possible for investors to buy into part of the shares that is offered by the seller of holder of intellectual property. IP specialists are now enraptured because it seems that almost everything of a monetary value — tangibles and intangibles — can be offered and managed via security tokens via blockchain networks. The beauty of blockchain trading is that it offers a sense of security and peace of mind. Till this date, many singers have gone on the tokenization path to offer shares of their song's royalties - it is done through a process called a security token offering (SCO) – a digital token that represent a share in their protected work. Likewise, you will also be able to offer a securitised token offering for your intellectual properties. A tokenization framework is usually structured in the form of blockchain where the buying and selling is effected using smart contract - so as to offer a sense of security. With this tokenization program, many entities, both individuals and corporate will find an easier path towards monetisation of their valued intangible properties. Here at Patentagentip we have a Tokenization Program called "IPTokenize and get bought" where intellectual property holders can sell shares. It will also encourage entities to shore up their intellectual properties portfolios to take the opportunity to increase their intangible assets. We can help you to create your patent from a vague idea that you give to us or we will provide you the idea after we have done a patent analytics of your business.
Reasons to monetise your IP rights
* Allow capable parties to make use of intellectual property and to further develop it
* Allow others to have a license to further develop it.
* Increases the monetary value of the IP rights