Looking at our world today, you can see that there is no shortage of ideas, new ideas appear every day, no, every hour. But ideas are much more powerful than they seem at first glance. Consider that with some funding and help from a strategy team, an idea can become something real—a new technology or a solution to the world’s biggest problem. It’s no secret that with so much value at stake, the desire for acceptance of ideas becomes a human tendency.

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Unfortunately, it is not often that the author of an original idea receives recognition, and history has given many examples of this. For example, while Alexander Graham Bell did bring the telephone to life, it was Antonio Meucci who created the first voice communication device in 1871. The difference between the two is that Antonio, unlike Alexander, did not pay the full amount required. register a patent for your idea.

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Perhaps worst of all, the invention of the telephone was not an isolated event. In a more recent example, Meta (formerly Facebook), the platform that is now the largest social network on the planet, became part of a major lawsuit when the Winklevoss twins filed a lawsuit against Mark Zuckerberg for a stolen idea. Allegedly, the twins collaborated with Mark Zuckerberg to help bring his vision to life, which later inspired him to secretly develop his own social network.

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These historical examples demonstrate that one’s ideas (or intellectual property) are not safe in and of themselves. Rather, one point on the record becomes decisive in asserting ownership in a world of stolen success and misguided recognition.

The concept of decentralized technologies such as non-fungible tokens (NFTs) completely solves these problems. Each NFT is designed to retain permanent ownership of a particular instance of data. To enable the use of NFT for IP on a larger scale, Invararch leads the development of a new architecture suitable for Web3. To shed some more light on this topic, one team member shared that “rather than trying to define IP governance rules, InvArch completely redefines the framework for IP so that rules can be rewritten to empower individuals and protect them.” them in the future. The Internet is changing, the world is changing, and now IP is changing.”

The platform now consists of three protocols that allow the network to provide users with the most flexible system possible.

Foundation for Web3 IP

One such protocol is the Invention, Participation, Inventory, and Investment (INV4) protocol, which provides a framework for all assets on the InvArch network. These assets can be any Web2 files, folders, and licenses that many are already familiar with, which are then combined with Web3 non-fungible and fungible token technologies.

In practice, this becomes apparent in the IPL pallet, a component of the IP licensing protocol. Pallet provides a modular library of copyright agreements associated with the IP set.

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Users can use the catalog of trademark agreements, copyright licensing and trade secret licensing for exclusive, non-exclusive and exclusive agreements. As users browse through the agreements, they will also encounter perpetual and special terms, with their own license agreements, including the Unlicense, MIT License, and General Public License, or take the opportunity to download their own set of terms.

Heavy Duty Roadmap

Along the way to laying the groundwork for Web3 IP, InvArch has achieved several successes, including a grant from the Web3 Foundation, admission to the Substrate Builders Program, and raising $1.75 million in a recent seed round.

Looking ahead, the team shares notable developments on their roadmap, including the launch of Tinkernet Parachain on Kusama, the release of the InvArch network on Polkadot (DOT), and the deployment of their GitArch application, which can be described as a decentralized, super-powerful GitHub. .

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Denial of responsibility. Cryptooshala does not endorse any content or product on this page. While we strive to provide you with all the important information we can obtain, readers should do their own research before taking any action related to the company and take full responsibility for their decisions, and this article should not be considered investment advice.