At the Davos Forum held in Davos, IPwe Co., Ltd. and Casper Lab announced a landmark measure to convert 25 million patents into dynamic NFT.

This announcement means one of the important enterprise implementations of blockchain technology and the completion of the theoretical use case of NFT long-term modernization.

IPwe is a data intellectual property standardization enterprise, providing IP service projects based on the artificial intelligence technology blockchain. Casper Labs (CSPR) provides an equity certificate blockchain with business processes as its main content, with a total market value of $401 million as of the time of press release.

Lean Pinton, CEO of IPwe, described digital currency as "revolutionary technology" on the premise of promoting patent mints.

"IPwe is extremely proud to announce that it will forge 25 million patent NFTs to promote the strategic transformation of IP. IPwe digital property is a revolutionary technology and a true reflection of the blockchain's commitment to enterprises."

The cooperative enterprise developed the NFT blockchain solution called IPwe Digital Assets by using the "approved distributed accounting technology". In addition to the VPC, this project also uses "open source system super ledger construction and public Casper blockchain" to maintain information content.

Clarivate is a worldwide manager in the field of data and analysis, and also provides data support for blockchain. IPwe described this solution as providing "simple and transparent digital representation of asset ownership" for patents.

Daniela Barbosa, Chairman of the Supervisory Board of the Hyperledger Charity Foundation, commented.

"The innovation and operation scale of such deployment shows the level of important assets of the management method of the Hybrid Internet in a safe, efficient, transparent and browsable form."

The identification of patent process as an important unit of business processes around the world has added "verifiable right of use data and auditable, [and] compliance induction direct evidence records".

CSPR, the native token of the Casper blockchain, fell 6% on the second day of the information release. The design of licensed blockchain and public network will cause conflicts in the data encryption industry. Many people regard the open and transparent blockchain as the only loyal completion of the technology. However, Casper Labs and IPwe have demonstrated the potential of combining public and private networks for company products through this new project.