A new way to license your invention is by using NFT. The reason is easier for patentee to offer first and when the patent proof itself to be valuable than first anticipated then NFT values will go up as more demand is made to purchase these limited NFTs. The economics is limited NFT to license and each license NFT only allows for a fixed income to be earned by the licensee. For example, you issue 100 NFT @ 5K each and each one allowing USD 5.0 million of sales (Most prefer Net-Sales value), you will get 500K upfront. You also can make 2.5% when NFT licenses are transferred. The 5.0 million is the max income/pa for each NFT. Licensees need to get a second NFT to cover any in excess of USD 5.0 income. In my case I set my own license NFT to USD 5K, and a maximum of 250 NFT (stated in the License Agreement) so it is cheap for a licensee to purchase (just like ICO I can sell all NFT at once or a few and keep the rest). Of course, if the patentee wants to use the patent, he or she also needs to have this NFT. As a licensor/patentee and as I am not practicing my invention, I am happy to sell each NFT at 5K and hope my licensee will make tonnes of money so my other NFTs will increase in price when their income exceeds USD 5 mio/pa. Of course, if my patent failed miserably, I get 5K each and the Licensor walks away out of pocket. Think of the 5K as an option and remember this NFT can be sold to another hence its value also depends on the patent’s remaining years. This video explains the benefit. If you have any comments please leave them below.
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