Welcome to another episode of the DeSci Podcast. Today, we were joined by Jesse Hudson, the Chief Legal Architect at Molecule, Chris Byrnes, an IP Legal Advisor also representing Molecule, and Benji Leibowitz, Product Manager at Molecule. The existing intellectual property (IP) system faces several challenges that hinder its effectiveness and innovation potential. Patent trolls, the system's lack of efficiency, and the high transaction costs associated with acquiring and enforcing IP rights further burden inventors, researchers, and scientific enterprises. In this episode, we explore the groundbreaking concept of IP Tokens and how they can help solve the issues plaguing the current IP system. We explain what IP Tokens are and how they differentiate from IP-NFTs. We also discuss how IP tokens could facilitate scientific entrepreneurship and how they open up decentralization in science by enabling a system where the community can partake in the governance processes. Navigate the various topics covered in the Podcast using the timestamps below. ____ ⭐ Timestamps: 0:00 Intro 2:11 About Jesse Hudson 2:54 About Chris Byrnes 5:47 Fundamental issues within the IP system 11:16 How Molecule facilitates Scientific entrepreneurship 20:12 Overview of Intellectual Property 32:09 What is an IP-NFT? 37:05 IP Tokens and why they matter. 51:11 Digitizing the process of IP licensing 1:02:41 IP Tokens and Decentralization 1:10:16 IP financing 1:16:31 Enforcing IP rights 1:22:22 Outro ____ If you prefer listening to podcasts on audio apps, feel free to search for "The DeSci Podcast" on Spotify, Google Podcasts & Apple Podcasts. You'll also find all links to the podcast apps below. If you want to join us on the show as a speaker or have guest ideas, please shoot us a mail at podcast@molecule.to Special thanks to: Benji Leibowitz: https://twitter.com/benjileibo Jesse Hudson: https://twitter.com/jsshdsn Chris Byrnes: https://twitter.com/reimagineIP ____ Let's connect: Website: https://bit.ly/3d6nh2C Twitter: https://twitter.com/Molecule_dao Discord: https://discord.com/invite/moleculedao