Point number 1 and 2 raises my interest and I'd like to know more if you don't mind me probing. For point number 1, wasn't this model already available and offered by a lot of defi/nft projects? Or is there something else that you offered that makes you different?
And for number 2, isn't it quite contradictive? The point of NFT and what's so special about it to set it aside from the previous crypto model (where everything can be sold in smallest fractions someone wanted to buy) was that it's indivisible. An nft should be sold as a whole and each token is unique and different from others. You propose to convert IP into an NFT, which then can be sold in fractions?
I appreciate the questions, thank you.
Regarding point number 1, so far the current models (except for 1, which I'll get to) all focus on either minting NFTs to represent real-world (tangible) assets or most notably as a means to record and verify ownership/the author and authenticity of digital art. There is one project, called IPwe, that is working with IBM to store patents as NFTs (
https://newsroom.ibm.com/2021-04-20-IPwe-and-IBM-Seek-to-Transform-Corporate-Patents-With-Next-Generation-NFTs-Using-IBM-Blockchain); which is very similar to what I am doing.
There are two distinct differences:
1. InvArch seeks to store intellectual property/patents as NFTs, but with a more public and decentralized use-case (eventually, 100% token supply/voting weight will be held by the public), compared to IPwe which is pursuing a corporate and centralized use-case.
2. InvArch's flagship dApp will focus on empowering and connecting regular individuals with one another in order to form partnerships and help spur innovation, vs. focusing on commercializing IP as NFTs within the corporate world.
I'd like to note that I obviously love what IPwe is doing, and was encouraged when I found another project thinking similarly to mine; but at my core, my interest is in deploying a platform for the global community, one where the greater public can work and build a better future - a platform made for the public and eventually completely decentralized and governed/owned by the public.
Regarding point number 2, I completely agree with you; however, I'm not talking about fractionalizing the IPT itself. Just like an NFT, an IPT is non-fungible (of course); however, a slight difference is that you can't mint different editions like many people can/do with NFTs (notably because the technology is so far been used for digital art). There is one IPT, and no linked editions/variations of it. Instead, fungible IPT ownership tokens [IPTO] can be minted. One distinct feature is IPTO is minted with a preset supply cap of 10,000, with each IPTO representing a hundredth of a percent of ownership. In tandem, IPTO is directly pegged to its respective IPT.
To clarify and summarize, the service you offered is like... data recording an NFT that enables community to share an ownership of certain IP by NFTing them? And this is exactly what you mean by fractionalizing ownership, i.e. sharing the burden of the cost of one IP to a group of owners?