Today, Midjourney announced that it has joined LOT Network, the world’s largest patent licensing platform. LOT Network is a collaborative initiative that seeks to protect the innovation ecosystem against abusive litigation from patent assertion entities (PAEs, sometimes referred to as “patent trolls”). LOT Network members have access to a patent marketplace that enables companies to buy and sell patents without broker fees.
As a part of joining the network, LOT Network member Meta will transfer several AI-related patents to Midjourney. This transfer demonstrates Meta’s commitment to LOT Network’s core mission and helps bolster Midjourney’s patent portfolio with access to Meta’s world-class portfolio.