The U.S. Patent and Trademark Office recently issued Philadelphia-based Datavault AI Inc., a technology company, with two patents.
The first patent is for a system, method, and platform for monetizing digital content through blockchain-managed tokens that automatically identifies content usage, verifies licensing via smart contracts, enforces compliance, and distributes fees according to predefined terms.
The second patent is for a comprehensive content licensing platform utilizing blockchain ledgers and secure identifiers to register, track, license, and monetize creative works.
“The issuance of these patents represents a major milestone in our mission to empower creators and enterprises with trusted, scalable data and content monetization,” Nathaniel T. Bradley, of Datavault AI CEO, said. “In an era where digital content and data represent trillions in untapped value, our technologies provide the security, transparency, and automation needed to transform intellectual property into tokenized real-world assets. These patents strengthen our competitive moat and accelerate our leadership in the convergence of AI, blockchain, and RWA (real world assets) tokenization.”
By 2033, it is projected that the global data monetization market will grow to reach $17 billion, exceeding $7 billion this year. By 2030, the global tokenized real world asset market is projected to surpass $16 trillion.