SYSTEM AND METHOD FOR PROVIDING ADDITIONAL FUNCTIONALITY FOR NON-FUNGIBLE TOKENS

Disclosed is a method for execution by a server for providing additional functionality for NFTs (Non-Fungible Tokens). The method involves interacting with a blockchain network having NFTs, interacting with client computing devices, and for each NFT, facilitating ownership transfer of the NFT based...

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Bibliographic Details
Main Authors Canova, Nicholas, D'Alessandro, Matthew, Tiryakian, Edward
Format Patent
LanguageEnglish
Published 30.11.2023
Subjects
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Summary:Disclosed is a method for execution by a server for providing additional functionality for NFTs (Non-Fungible Tokens). The method involves interacting with a blockchain network having NFTs, interacting with client computing devices, and for each NFT, facilitating ownership transfer of the NFT based on the interacting with the client computing devices. In accordance with an embodiment of the disclosure, the method also involves, for each NFT, facilitating addition and subtraction of at least one value unit tied to the NFT based on the interacting with the client computing devices. Such additional functionality can provide for more excitement and encourage more transactions thereby resulting in greater liquidity.
Bibliography:Application Number: US202318137788