Product NFT Transfer of Ownership Example

Each long-term risk can be hedged by people who buy pNFT shards, giving immediate and stable returns. An entrepreneur trades with data product owners who want their tokens now instead of having a chance of being paid more token rewards in the future. The owners of the data – whether those who originally made it or entrepreneurs who bought it – decide what projects their data may be used on next.

When a data contributor sells some of their Product NFT shards, it has three main effects:

First, they have Rejuve tokens upfront instead of having to wait for the product to succeed. Second, they have less say in making product decisions. Third, they receive less payment for their ownership in the sales of a successful product.

Multiple pNFT shards together define the ownership of a product, and pay out automatically at every sale of the product. When data is added to the system, the AI assigns a numeric weight to ownership. These numbers are finalized when the product is completed. For example, if there are only two owners, the first with a weight of 1 and the second with a weight of 2, then a third of the token allocation would go to the first owner and two-thirds to the second owner. This weight is used for both decision-making and for smart contract payments per end product drug sale.