IBM is collaborating with IPWe, a patent marketplace, to tokenize patents in the form of NFTs. IBM's goal is to develop a method for transferring patent ownership that is both quick and secure. Before this project can be launched internationally, IBM must clear a number of legal hurdles. The CEO of IPwe is referred to in the industry as a "patent troll," or someone who makes a living by filing several lawsuits and proceedings based on patent law.