Ureeqa (URQA) Review
Patent application processes are notoriously drawn-out and bureaucratic. Protecting your work with copyright is especially necessary for this age of information, but the current system can take up to 7 months to process and can be extremely expensive as lawyers need to be hired and paperwork drafted.
Ureeqa plans to change the current, failed system and replace it with a much simpler, faster, and cheaper alternative by introducing blockchain technology and NFTs.
NFTs, or non-fungible tokens, are essentially digital certificates that live on the blockchain and cannot be copied, forged, or stolen. This certificate provides proof of ownership of a certain asset, usually a digital asset, but the technology can also be used to provide authenticity of a real-world asset too, such as a house, antique, or patent.
With Ureeqa’s technology, even people in developing countries will be able to patent and make money from their work on a global level.
How Does UREEQA Work?
Ureeqa offers three levels of protection for creators. Ureeqa will put your work on the Ethereum blockchain at first, making a public timestamp that shows when and where your work was patented.
For an extra level of protection, creators can pay extra to join the Ureeqa Premium Protected Collection. To sign up for this, your work must first be scrutinized by a network of certified validators who ensure the work is genuinely your unique creation and find the point in time that the product was created.
Once your work has been accepted into the Ureeqa Premium Protected Collection, a team of protectors works around the clock to find evidence of infringements against your patent. If they find any infringements, Ureeqa’s legal team will fully support you in collecting payments, issuing demand letters, and other such legal processes that are necessary.
How UREEQA Protects Creators’ Work
Anyone can use Ureeqa to store their creations for free. Simply create an account and you can upload your work to Ureeqa’s secure site free of charge. Creators can then add to their work slowly, and then choose to protect it once they think it is ready.
Once they decide to protect it, Ureeqa will mint it with an NFT. This one-of-a-kind digital token cannot be replicated or stolen, and so provides an inflexible claim to the work. All NFTs come with a “Package of Proof” that showcases the timestamp, the creator, and all the steps taken to validate this.
Every creator on Ureeqa will have a profile page displaying their creations, and all creative content will also have a unique profile page, meaning other users can like comments and messages directly on the creation.
How To Monetize Content
Every NFT that has been minted by Ureeqa will also come with a QR code and a validation number. Creators may publish these on their website, book, or even social media page as a seal of authenticity. Anyone who scans this code will be taken directly to the creator’s profile page on Ureeqa, creating more publicity and traffic to increase profits.
Aside from this, once your product is patented, it is up to you what to do with it and how to monetize it. NFTs can be traded, sold, or licensed, and Ureeqa has a team of experienced professionals who are happy to help with any up-and-coming brand.
Ureeqa users can earn money in other ways with their staking program. Ureeqa is powered by the ERC-20 token URQA; because Ureeqa operates on the blockchain, all transactions are conducted with this cryptocurrency.
Besides being used to purchase your patents, URQA can also be staked in the company to provide funds for their liquidity pools. While your money is locked into one of Ureeqa’s pools, you will be eligible to earn a share of the profits made by the company, giving you some passive income.
Validators and Protectors
The team of validators and protectors at Ureeqa come from many different backgrounds, but all are experienced professionals in their fields. Validators ensure all submitted work is genuine and original, and protectors hunt down any plagiarism.
Validators and Protectors will be paid for some of their work in URQA tokens. These tokens power the economy at Ureeqa and also the direction of the site.
To encourage more activity and investment, all URQA holders will be entitled to vote on the governance of the platform. Generally, these decisions will include aspects such as token pairings and investment, and so affect everyone with money invested in URQA.
How Does Ureqa Work?
Using the most advanced, state-of-the-art technology, Ureeqa can offer a patenting system that is faster, easier, and cheaper than the current standard.
Many patenting companies—even in countries like the USA—do not check for aspects such as authenticity or originality before providing patents, but Ureeqa’s team of expert validators thoroughly researches all submitted content before supplying a patent. Instead of waiting months for a response, Ureeqa’s team can validate and patent your work in a matter of hours.
Once it is validated, your work is stored safely and permanently on the blockchain, and a team of qualified protectors will use all the resources available to them to find infringements. All of this is only made possible with blockchain technology.
At a fraction of the cost, the patent registration process costs a fraction of what it costs at traditional registrars, and at no extra cost, creators can showcase their work on their Ureeqa profile.
Ureeqa’s primary focus is on content for work, such as musical works, video productions, written books, digital art, and software source code. With at least 4 million registrations a year and $400 million in annual revenue, this is the most lucrative market to start with. However, Ureeqa is always happy to patent any original work.
How Ureeqa Prevents Copyright Violations
No matter how hard you try, in this current age where everything is digital, you will regularly have your creative content stolen or reused by others online. Creative minds want to create, not scour the web to ensure their work is safe.
Thankfully, Ureeqa has a huge team of protectors whose job is to dig through the deepest parts of the internet to find any infringements on your work. This is achieved with the help of powerful computers and algorithms.
If a protector discovers an infringement of your work, it will be immediately stored as evidence. The protector can then compile a folder of evidence for you to proceed with legal measures. Ureeqa’s team will help you every step of the way with any legal proceedings.
How Ureeqa Safeguards NFTs
Whenever a user patents something with Ureeqa, an NFT will be minted using a smart contract. This token lives on the Ureeqa blockchain and acts as an immutable claim to the work; it cannot be replicated, forged, or stolen.
If a user decides to add their NFT to the Premium Protected Collection, a validator must establish two important factors. Firstly, whether or not the work is genuinely the original and unique work of the creator, and secondly when the claim on the work is stated. Once these things are known, the work will be time stamped and put in a collection.
Every NFT in the Premium Protected Collection comes with a unique QR code that links directly to the creation’s Ureeqa page and can be distributed amongst the creator’s social media pages, websites, or publications.
What Are the URQA Crypto Tokens?
As Ureeqa runs on blockchain technology, it requires a form of decentralized finance to operate. This is accomplished with their URQA token, an ERC-20 coin on the Ethereum blockchain.
This coin is required for all payments on Ureeqa, so if you want to pay for a patent, you’ll need to hit up a decentralized exchange first to purchase some URQA.
As the platform grows, the demand for URQA is also expected to grow, adding more value to these tokens as only 5 million will ever be minted. This encourages people to invest in Ureeqa so they can get money quickly and share in the profits.
Some of the revenue generated by Ureeqa will be used to purchase some URQA tokens to add to the Community Enrichment Wallet. This wallet can be used to invest or buy things, but the decentralized autonomous organization that runs Ureeqa first has to vote on it. This must happen before this can happen.
This organization is made up entirely of URQA token holders, giving power over the monetary aspect of the site to the investors. So, if Ureeqa wants to purchase an NFT series, it must first ask its board of stakeholders to vote on the proposal. In this way, URQA is also a governance token as well as a utility coin.
Ureeqa is offering a modern, digital solution to the problems traditionally plaguing conventional patenting systems. By patenting work on the blockchain, creators still have legally binding proof of ownership, but they don’t have to deal with the bureaucratic processes and legal fees that usually come with it.
Over the coming years, with the widespread adoption of digital assets and NFTs, we can expect Ureeqa to become the preferred platform for protecting creative work in both the digital and real worlds and will be open to both crypto and fiat currencies.
The ecosystem is set to grow exponentially, and liquidity providers stand to make a decent income from the platform’s revenue.
Ureeqa’s decentralized innovations completely tackle all the issues that arise from the conventional, centralized system and offer a fast, easy, and cheap alternative to dealing with traditional patentors. If you’re looking for the most convenient way to patent your work, look no further than Ureeqa.
- With Ureeqa’s technology, even people in developing countries will be able to patent and make money from their work on a global level.
- For an extra level of protection, creators can pay extra to join the Ureeqa Premium Protected Collection.
- Validators and Protectors will be paid for some of their work in URQA tokens.
- Instead of waiting months for a response, Ureeqa’s team can validate and patent your work in a matter of hours.
- Once it is validated, your work is stored safely and permanently on the blockchain, and a team of qualified protectors will use all the resources available to them to find infringements.
- Every NFT in the Premium Protected Collection comes with a unique QR code that links directly to the creation’s Ureeqa page and can be distributed amongst the creator’s social media pages, websites, or publications.
- Ureeqa’s decentralized innovations completely tackle all the issues that arise from the conventional, centralized system and offer a fast, easy, and cheap alternative to dealing with traditional patentors.
Further UREEQA Information
- Price $0.039
- Market Cap