A&C Technology, Inc. (20250095056). DIVISIBLE NON-FUNGIBLE TOKEN AND ITS APPLICATIONS

DIVISIBLE NON-FUNGIBLE TOKEN AND ITS APPLICATIONS

Organization Name

A&C Technology, Inc.

Inventor(s)

Jiayi Luo of Newport Beach CA US

Hanhua Jiang of Newport Beach CA US

Hao Hsu of Newport Beach CA US

Shihao Li of Newport Beach CA US

Ye Zhao of Newport Beach CA US

Han Qin of Newport Beach CA US

Jiayang Qin of Newport Beach CA US

Ruiming Wen of Newport Beach CA US

DIVISIBLE NON-FUNGIBLE TOKEN AND ITS APPLICATIONS

This abstract first appeared for US patent application 20250095056 titled 'DIVISIBLE NON-FUNGIBLE TOKEN AND ITS APPLICATIONS

Original Abstract Submitted

a method of renting rentable items using nfts receives a request from an owner to list a rentable item for rent, causes a distributed ledger system to mint an inheritable rental nft, and assign the rental nft to the owner. the method lists the item for rent, receives a request from a renter to rent the item for a first set of time durations, and causes the distributed ledger system to mint a first set of child rental nfts, where each child rental nft is associated with a time duration in the first set of time durations, assign the first set of child rental nfts to the renter, mint a second set of one or more child rental nfts for the rentable item for time durations other than the first set of time durations, assign the second set of child rental nfts to the owner, and burn the rental nft.