Patent.pm is a forecasting and research platform for patents. Users contribute to the forecast by buying and selling shares of legal outcomes related to the patent process. All markets are simple yes or no questions such as: âWill any claim of Application No. 6085219 be approved by the US Patent Office by January 1, 2019?â Owners of the winning outcome receive a share of the IP Gold wagered on the market. IP Gold creates an incentive for public participation in patent examination.
Many of the prediction markets relate to the validity of a patent and whether it is novel. Users can search a database with millions of patent documents that could prove a patent is not novel and therefore invalid. By submitting this proof, otherwise known as prior art, users can influence the outcome of the patent process and therefore the the value of outcome shares in the market. Patent.pm is the first and only prediction market platform where a user can wager on an event, and then directly influence the probability of winning.
Invalidate granted patents
Prevent pending applications from issuing
Discover hard-to-find prior art
Improve patent quality
Forecast patent validity
Optimize patent maintenance
What is IP Gold?
IP Gold is a virtual currency used to take buy and sell positions on Patent.pm. A supply of IP Gold is given to all users who sign up for an account on Patent.pm to encourage participation in markets. IP Gold can be used to buy and sell shares of the initial prediction markets. Additionally, IP Gold can be used to pay for other miscellaneous platform fees and services such as custom markets or bounties.
We are giving away IP Gold to early registrants. Sign up for the airdrop by entering your email address.
Patent.pm employs a dual token model comprising IP Gold ("IPG") and IPX. IPG is not for sale at this time and can only be earned gifted in an airdrop. IPX entitles the owner to a share of the profits from platform fees. IPX can be converted to IPG at a rate of 1 to 1,000. However, IPG cannot be converted back into IPX. The maximum supply of IPG is 1 trillion. Patent.pm is a semi-decentralized prediction market platform. To increase performance and reduce costs, our order book exists outside the blockchain in a standard database. However, to enable transparent and trustless ownership, settlement occurs within the Ethereum blockchain. Any ERC20 token can used as the collateral token for markets. Markets are decided by an Oracle which at present is controlled by the Patent.pm founders.
Earn IP Gold by correctly predicting whether patents are valid or invalid. Buy and sell shares of patent outcomes to win.
Submit Prior Art
Earn IP Gold by submitting evidence that an invention is already known to the public, including patent documents, whitepapers, and other prior art, directly from our database of 1M+ patent documents. Hard-to find prior art is valuable in a prediction market.
Santa Clara University, J.D. Intellectual Property Specialization, Python developer, Ethereum Miner, 1st Place National Trumpet Competition.
Patent Attorney, Santa Clara University, J.D. Intellectual Property Specialization, USPTO, Amgen, Dogecoin.