On September 20, with the assistance of the SpringIP NFT2O3D team, Lex Magister launched its first NFTs. The launch is a pioneering work in the global legal community and has innovative significance in promoting IP utilization in the metaverse and the larger professional community.
On September 14th, SpringIP NFT2O3D Team assisted Italian artist Maurizia Galvan in the release of her NFT artwork on a local exchange platform in China, promoting cross-border branding and IP exploration in the global metaverse.
Recent changes in China’s innovation environment make a big impact on business in Asia.
Recent changes in China’s innovation regime have pushed ASEAN’s IP environment to become an essential component in the global innovation ecosystem. We share three trends in this article: global supply chain relocation, the scramble to transfer IP overseas, and blockchain-powered innovations.
Topic # 3: Legal issues in IP securitization
The legal issues of IP securitization refer to the legal issues arising from the issuance of intellectual property securities based on the traditional asset securitization structure. Since IP assets have different attributes from traditional securitized assets (such as real estate or account receivables), they will generate unique legal risks.
The legal and business community have largely resolved such legal issues. It has been two years since the development of IP securitization in China. The total annual issuance volume has surpassed tens of billions of RMB, which shows that the market has recognized the solutions.
Topic # 2: NFT Securities
When do NFT creations act as a carrier for IP? When NFT-based IPs are divided and exchanged in the market, when will these exchanged NFTs be subject to regulations for securities ? And how will owners and users comply with these regulations?
Topic # 1: The Opportunities and Risks of Transferring IP Overseas
"IP Going Global" (or "IP Going Overseas," an expression most used in China) refers to using intellectual property rights that originated in China to conduct business operations or investment and financing in the global market. Taking and using IP abroad can help to grow the wealth accumulation of the intellectual property rights.
Ten Must-Read Topics on Intellectual Property Finance in China
With data from over 50,000 visitors and from insights gleaned from discussions amongst the ICTiger Team, we determined the ten topics that attracted the most attention in 2021 and should be further studied in 2022 are as follows:
According to the calculation of the research group of Department of Social, Science and Technology, and Cultural Statistics of National Bureau of Statistics on China's innovation index , the innovation index of China reached 242.6 in 2020 (take 2005 as 100), an increase of 6.4 percent over the previous year. By field, the innovation environment index, innovation input index, innovation output index and innovation effectiveness index reached 266.3, 209.7, 319.8 and 174.7 respectively, an increase of 6.3, 5.4, 8.5 and 3.8 percent respectively over the previous year. The calculation results showed that in 2020, China's innovation ability and level continued to improve, the innovation environment continued to be optimized, the innovation input continued to increase, the innovation output grew rapidly, and the innovation results were further demonstrated.
IP Pledge financing helps to generate liquidity to counter the slowed development faced by many small enterprises in China. When covid-19 hit China’s economy, the country reacted by stimulating development through IP financing, the path for which was paved in 2019’s first intellectual property securitization deal, and later that year, the first patent securitization deal.