Songchain LLC (20250069052). INTELLECTUAL PROPERTY ASSET FRACTIONAL PAYMENT SYSTEM AND METHOD

INTELLECTUAL PROPERTY ASSET FRACTIONAL PAYMENT SYSTEM AND METHOD

Organization Name

Songchain LLC

Inventor(s)

Benjamin Holman Richards, Iv of Nashville TN (US)

INTELLECTUAL PROPERTY ASSET FRACTIONAL PAYMENT SYSTEM AND METHOD

This abstract first appeared for US patent application 20250069052 titled 'INTELLECTUAL PROPERTY ASSET FRACTIONAL PAYMENT SYSTEM AND METHOD

Original Abstract Submitted

a blockchain-based intellectual property (“ip”) asset fractional payment system and method that facilitates sharing a revenue stream generated from an intellectual property asset among individuals having a fractional ownership of the revenue stream generated. a fractional ownership platform is employed where each fraction purchased may subsequently be divided into fractions of fractions, and those fractions can be sold or transferred without limitation. both the ip asset created, and each fractional ownership share of a revenue stream generated therefrom may digitally represented using an nft such that a smart contract on a blockchain may be employed to enable and facilitate fractional ownership tracking among the ip asset's owner and any number of third parties holding fractional ownership of the ip asset's associated revenue stream and payment distribution to the ip asset owner and all fractional owners.