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IP tokens are a type of digital asset that represents ownership or rights to intellectual property (IP) in the blockchain ecosystem. These tokens can be used to tokenize patents, trademarks, copyrights, or even digital media content. By leveraging blockchain technology, IP tokens provide a transparent, secure, and efficient way to transfer, buy, or sell intellectual property, enabling creators and businesses to monetize their assets more easily and manage ownership rights. They also help reduce piracy and counterfeiting while ensuring fair compensation.