NFTs can streamline complex property rights transactions in cross-border IP trade. By tokenizing intellectual property on a blockchain, NFTs provide a transparent, immutable record of ownership, reducing disputes and fraud. Smart contracts automate licensing, royalty distribution, and transfer processes, cutting intermediaries and costs. This ensures faster, secure transactions across jurisdictions, overcoming traditional barriers like legal discrepancies or lengthy paperwork. For example, digital art or patents can be traded globally with verified authenticity. However, challenges like regulatory uncertainty and blockchain scalability must be addressed to fully realize NFTs' potential in simplifying IP trade.