Thank you @Fizzymidas. for your time in this research summary.
In responding to your research question,
Yes, I agree that using NFTs for patents can unlock new opportunities, business models, and additional revenue for companies, universities, and inventors. Also a decentralized framework for patents and intellectual property is an intelligent idea but as an attorney, I think there are potential concern with representing patent assets as NFTs. For example, chain of title is very important for patent assets.
For instance now,
If patent assets are being freely traded or encumbered via blockchain technology, how will these transactions be represented before various IP offices?
In the United States, if a U.S. patent assignment, grant, or conveyance is not recorded in the U.S. Patent and Trademark Office within three months from the conveyance date or prior to the date of a subsequent conveyance, then the prior, unrecorded conveyance is void against any subsequent purchaser or mortgagee.
35 U.S.C. S. 261. Obviously express that conveyances of patent assets on a blockchain may be void if not also recorded with the relevant IP office.
Do you think that this may be an issue or what is your take on that?