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NFT and Patents

Non-Fungible Tokens mainly refer to digital files of various digital and physical goods and creations that are stored as tokens and can be traded easily. The main appeal of NFTs is their uniqueness; every digital file has its own unique value and standing. Once stored on the blockchain, buyers can own these tokens as digital

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NFT and Patents

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  1. NFT & Patents India | USA | Malaysia | Thailand | Bangladesh | Nepal | Vietnam | Sri Lanka | Myanmar | UAE | Indonesia W: www.iiprd.com | E: iiprd@iiprd.com

  2. What is NFT? Non-Fungible Tokens mainly refer to digital files of various digital and physical goods and creations that are stored as tokens and can be traded easily. The main appeal of NFTs is their uniqueness; every digital file has its own unique value and standing. Once stored on the blockchain, buyers can own these tokens as digital assets.

  3. Why NFT? • Well-defined ownership protected in Blockchain Environment • NFT’s are easily transferable • Each NFT is unique, thus enhances authenticity of associated content

  4. NFT and Patents Broadly, NFTs leverage blockchain technology, however apart from the blockchain, a wide range of technologies are incorporated in NFTs. Though during the initial days, the biggest question was on the patent eligibility of NFT technology, in recent years, we have seen a surge in patent filings in this technology space.

  5. Technologies Claimed • Distributed database, • Transaction processing • An improvement in cryptography • Management of viewer rights, • Advanced and improved smart contract

  6. Taking a deep dive into the patented technologies that explicitly claim NFT rather than innovations in the underlying use of a blockchain as inventive concept… Patents in NFT

  7. Countries Korean & US patent offices have seen more applications claiming NFT than any other patent office. 13 94 9 177 15 13

  8. Patenting trend took momentum in 2016 primarily after the first NFT project, Etheria, was launched and demonstrated at DEVCON 1 in London in Oct 2015. Patenting Trend

  9. Most of the patent holders are small groups and university and academic institutions Key Companies

  10. Patents related to purchase and transfer rules for NFTs are in focus. Technologies

  11. Technology Evaluation Technology Investment Strategy • Invention/Innovation Analysis • Patentability Searches • Knock Out Searches • Landscape Analysis • Competitive Intelligence • Technology Scouting • Global Patent Drafting • Global Patent Filing • Prosecution Support • Technology Watch • Strategic patent prosecution • Portfolio Optimization Securing IP Rights Continued Innovation Reach out to us at iiprd@iiprd.com

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