Description
The IP DAO (Intellectual Property Decentralized Autonomous Organization) has created an innovation ecosystem comprised of a consortium of innovators, both inventors and investors, seeking to establish a new way to secure, value, and subsequently license or sell patents to translate IP into real market value. The foundation of the IP DAO is the collective of inventors across the globe who have come together to leverage the value of their existing and future patents and tie that value to an NFT or non-fungible token (token) that can be readily bought, sold, licensed, and traded by individuals and entities of all sizes.
The IP DAO, and the innovation ecosystem it has created, minimizes barriers to enter into the patent marketplace for inventors, patent buyers or licensees, and intellectual property investors alike through the use of a block-chained hyper contract that allows for entities to complete trusted, traceable, and transparent transactions through the exchange of the IP DAO coin. Through the IP DAO platform, new and seasoned inventors are able to access resources within the innovation ecosystem to navigate the often daunting IP landscape and submit patent applications in exchange for giving the IP DAO consortium partial patent ownership. Within the IP DAO platform, innovators can safely interface and collaborate with each other without fear of losing the value of their own ideas as interactions and the contribution of novel ideas is documented in a legally comprehensive ledger. Individuals and entities interested in investing in the IP DAO patent portfolio or those looking to purchase or license patents are able to avoid complicated and costly legal contracts by simply purchasing relevant IP DAO coins corresponding to specific patents or groups of patents in the
