20240037643. METHOD AND SYSTEM FOR DIGITAL CONTENTS BY USE OF RENTAL NFT simplified abstract (Nestyle, Inc)

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METHOD AND SYSTEM FOR DIGITAL CONTENTS BY USE OF RENTAL NFT

Organization Name

Nestyle, Inc

Inventor(s)

Yong Kyun Lee of Gwangmyeong-si (KR)

METHOD AND SYSTEM FOR DIGITAL CONTENTS BY USE OF RENTAL NFT - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240037643 titled 'METHOD AND SYSTEM FOR DIGITAL CONTENTS BY USE OF RENTAL NFT

Simplified Explanation

The present disclosure describes a technical idea that involves the issuance and authentication of ownership of a digital file using a unique NFT (Non-Fungible Token). Here is a simplified explanation of the patent application:

  • Issuing an original NFT: A unique NFT is created to authenticate the ownership of a digital file.
  • Storing the original digital file: The original digital file, authenticated by the original NFT, is stored securely in a distributed storage system.
  • Generating a copy of the digital file for lease: A copy of the digital file is created, along with lessee-related information, to enable leasing.
  • Storing the copy for leasing: The generated copy of the digital file for leasing is stored in a separate distributed storage system dedicated to leased files.
  • Generating a temporary URL: A temporary URL is generated, allowing access to the copy of the digital file for lease.
  • Issuing an NFT for lease right: An original NFT is issued to authenticate the lease right of the digital file.

Potential applications of this technology:

  • Digital asset ownership: This technology can be used to authenticate ownership of various digital assets, such as artwork, music, or documents.
  • Digital file leasing: It enables the leasing of digital files, allowing individuals or businesses to temporarily access and use specific files without owning them.
  • Intellectual property protection: By using NFTs and secure storage, this technology can help protect intellectual property rights by providing proof of ownership and lease rights.

Problems solved by this technology:

  • Ownership authentication: The use of NFTs ensures the authenticity and ownership of digital files, reducing the risk of unauthorized use or infringement.
  • Secure storage: Storing the original digital file and leased copies in distributed storage systems enhances security and reduces the risk of data loss or unauthorized access.
  • Temporary access control: Generating temporary URLs allows controlled access to leased copies, ensuring that only authorized individuals can use the files during the lease period.

Benefits of this technology:

  • Enhanced ownership verification: NFTs provide a reliable and transparent method to verify ownership of digital files, increasing trust and reducing disputes.
  • Monetization opportunities: Digital file leasing opens up new revenue streams for content creators and owners, allowing them to profit from their assets without selling them outright.
  • Improved security: The use of distributed storage systems and NFT authentication enhances the security of digital files, protecting them from unauthorized use or tampering.


Original Abstract Submitted

a technical idea of the present disclosure may include issuing an original nft authenticating ownership of a digital file; storing an original digital file authenticated by the original nft in a safe distributed storage; generating a copy of a digital file for lease including lessee-related information; storing the copy of the generated digital file for leasing in a leased distributed storage; generating a temporary uniform resource locator (url) enabling access to the copy of the digital file for lease; and issuing an original nft authenticating a lease right of the digital file.

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