Fungible

IPwe CEO, Eric Spangenberg has announced an initiative to apply NFT (non-fungible tokens) on patents. The announcement further states that IPwe will partner with IBM and in particular with IBM’s blockchain group.

Spangenberg is quoted as saying, “Global IP investment was upwards of $1.9 trillion – even larger than the private equity industry. Most people have a very limited understanding of what it is, how it operates, how to value it, and to deploy it.

Looking forward to that time when interests in patents are easily, yet securely traded like stocks or bonds. Imagine owning fractional shares or investing in the future value of pending patents. In the meanwhile, enjoy saying the word “non-fungible”.