🏗️ PROGRAMMABLE IP x PATENTS
I'm no inventor, but patents (mentioned by POTIP
@devrelius) feel like a no-brainer on
@StoryProtocol - why?
Like artistic IP, current patent system is slow, expensive, illiquid & opaque.
A patent ecosystem on blockchain can fix this.
How? 👇
⚡️ Instant verification of patent ownership onchain - no more need to rely on slow process, patent databases for each country & paper docs
💸 Automated licenses - for most simple patent acquisition, licensing can be done onchain & they can use the patent tech straight away
💰 Fractionalised patents could allow innovators to raise funds by selling part of their innovation to investors, or even use as IPFi liquidity
🛒 Instead of being a passive asset, patent marketplaces could allow interested investors, inventors, etc. to acquire patents as easily as shopping on Amazon
🫧 Everyone onchain, everything transparent, reducing risks of costly disputes
All the same benefits as putting artistic assets onchain as programmable IP - so you can focus on innovating.
We've proven traditional crypto PMFs: BTC as digital reserve asset, stablecoins, defi, and, of course, speculation.
Next up: bringing real-world assets *fully* onchain.
e.g. IP RWAs represents a $70 trillion asset class that's extremely illiquid today.
Imagine seamlessly licensing real world data for AI training, tokenizing patent portfolios, fractionalizing copyright ownership, trading/collateralizing trademark rights. All of this is what Story was built for.
IP DeFi = IPFI = massive opportunity