$IP An IP token (short for Intellectual Property token) is a digital representation of ownership or rights to a piece of intellectual property (IP), such as a patent, trademark, copyright, or brand asset, stored and managed on a blockchain.
Key Characteristics:
Blockchain-based: It's often created as a non-fungible token (NFT) or other crypto token.
Proof of Ownership or Licensing: Represents legal rights to use or profit from the IP.
Smart Contracts: Can include rules for royalties, resale rights, or automatic payments.
Transferable: Can be sold, licensed, or traded on digital marketplaces.
Example:
A music artist might tokenize a song, and each buyer of the IP token gets a share of the royalties from streams or sales.
$IP
