Analysis

Could NFTs Help Illuminate The Murky Patent Market?

By Ryan Davis (May 19, 2021, 8:00 PM EDT) -- The technology known as non-fungible tokens has become synonymous with digital ephemera like tweets selling for jackpot prices, but plans to turn patents into NFTs are more than just a bid to latch onto a trend and with a few caveats have the potential to simplify patent deals, attorneys say.

NFTs are a way to certify that digital content is unique, and to store a record of who owns it using the digital ledger known as blockchain. The technology made headlines earlier this year when digital artwork and old tweets represented as NFTs sold for millions of dollars.

In April, IBM...

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