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InvArch is leading the charge in building a new architecture for Web3 that will enable the usage of NFTs for IP on a bigger scale.
The Invention, Involvement, Inventory, and Investment (INV4) protocol is one of these protocols, and it offers a structure for all of the assets on the InvArch network.
These assets might be any of the Web2 files, folders, or licenses that many people are already aware of, which are then combined with Web3‘s non-fungible and fungible token technologies.
In today’s society, there is no shortage of ideas, with new ones emerging every day, if not every hour. Ideas, on the other hand, are far more powerful than they appear on the surface.
A cost-effective approach to authenticate ownership becomes important in a world of stolen success.
Unfortunately, it is fairly uncommon for the original idea developer to be overlooked, and history is replete with examples of this.
In 1871, Antonio Meucci invented the first voice-communication apparatus, despite the fact that Alexander Graham Bell invented the telephone. The only difference is that, unlike Alexander, Antonio did not pay the entire amount necessary to register his invention.
Bringing concept to reality
The most tragic part is that the invention of the telephone was not an isolated event.
In a more contemporary example, Meta (formerly Facebook), which has grown to become the world’s largest social network, was the subject of a major lawsuit when the Winklevoss twins sued Mark Zuckerberg for stealing an idea.
The twins allegedly teamed up with Mark Zuckerberg to help bring their concept to reality, an experience that allegedly spurred him to discreetly launch his own social networking site.
These historical instances indicate that one’s ideas (or intellectual property) are not secure on their own. Rather, in a world of stolen accomplishments and misplaced credit, a single point of record becomes critical to validating ownership.
Nonfungible tokens (NFTs), for example, are a decentralized technology that directly tackles these problems. Each NFT is designed to retain unchangeable ownership of a single data item.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
