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Nitriility Revolutionizes IP Licensing with a Blockchain-Based Marketplace
Nitriility is at the forefront of transforming the intellectual property (IP) licensing industry through its innovative blockchain-based marketplace. Established by Avi Patel, the platform aims to streamline the processes of buying, selling and verifying IP licenses, addressing long-standing inefficiencies and lack of transparency that have plagued the industry for years.
The conventional IP licensing process is fraught with challenges. Creators often struggle to prove ownership, identify potential buyers, and draft complex legal agreements. Buyers, on the other hand, face the arduous task of identifying rightful owners, negotiating terms, and managing high legal fees. Even after obtaining a license, buyers often encounter problems such as false lawsuits and copyright claims due to the absence of verifiable proof of ownership. This flawed system causes annual losses of billions of dollars and hinders technological and cultural progress.
Nitriility’s innovative solution
Nitriility offers a simplified and effective solution to these problems by creating a marketplace where IP licenses can be bought, sold and verified with ease. The platform operates through a series of steps designed to guarantee security and transparency:
Verify: Creators register on Nitriility and use secure digital methods to verify their identity and ownership of their IP.
List: After verification, creators can list their IP licenses on the marketplace, setting customizable terms and prices.
Discovery: Buyers can quickly and easily find the right IP using an AI-powered search tool.
Acquire: Licenses can be purchased directly on the platform, with Nitriility automatically generating legal contracts based on the seller’s terms and the buyer’s intended use.
Blockchain records: All transactions are recorded on the blockchain, providing secure, transparent and immutable proof of ownership.
Protection against false claims
Nitriility integrates with major platforms like YouTube and Twitch to prevent false copyright claims. This integration ensures that licenses purchased through Nitriility protect buyers from copyright issues, legally protecting their digital and physical creations.
Rapid growth and strong partnerships
Since its launch, Nitriility has seen significant growth. The platform now includes more than 34,000 rights holders and 400,000 assets worth more than $1 billion. Nitriility has established strong relationships with major acquirers and platforms, creating a dynamic and robust marketplace.
Early Nitriility partners benefit from various incentives, including beta access, personalized support, increased visibility on explore pages, personalized analytics, and zero transaction fees during the beta period. These benefits make Nitriility an attractive option for rights holders looking to maximize the value of their intellectual property.
Credible Advisory Board
Nitriility’s advisory board includes industry leaders such as Chris Zarou, CEO of Visionary Records and manager of Logic, and Solomon Sobande, CEO of Sound Music Group and manager of XXXTentacion’s estate. Their involvement gives credibility and visibility to the platform, further increasing its attractiveness.
Future perspectives
Nitriility is revolutionizing the IP licensing industry with its cutting-edge technology and strong industry partnerships. Offering a complete, transparent and efficient solution for managing and monetizing intellectual property, Nitriility is positioned to become the leading marketplace for IP licensing. The platform’s ability to address pain points in the traditional IP licensing process highlights its potential to drive significant progress in the industry.
With its innovative approach and rapid adoption, Nitriility not only simplifies IP licensing, but also fosters an environment where creators and buyers can interact with trust and confidence. As the platform continues to grow and evolve, it is set to play a critical role in shaping the future of intellectual property management and commercialization.