IP-NFTs and IP Tokens

Overview

IP-NFTs (Intellectual Property Non-Fungible Tokens) represent legal rights to research intellectual property as on-chain tokens. Created by Molecule, the standard enables researchers to tokenize IP rights, which can then be governed by DeSci DAOs.

How They Work

1. Researcher creates an IP-NFT representing rights to their research
2. A DAO (like VitaDAO) purchases or funds the IP-NFT
3. The IP-NFT can be fractionalized into IP Tokens — fungible tokens representing fractional ownership
4. Token holders collectively govern commercialization decisions

On Radix

On Radix, IP-NFTs would be native NFT resources rather than ERC-721 contract state — making them more composable, secure (no approval exploits), and directly visible in the Radix Wallet.