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NFTipay LLC (20250005544). NON-FUNGIBLE TOKEN-BASED BLOCKCHAIN TRANSACTIONS

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NON-FUNGIBLE TOKEN-BASED BLOCKCHAIN TRANSACTIONS

Organization Name

NFTipay LLC

Inventor(s)

Steven Douglas Albrechtsen of Providence UT US

Tobias Kleitman of Lexington MA US

NON-FUNGIBLE TOKEN-BASED BLOCKCHAIN TRANSACTIONS

This abstract first appeared for US patent application 20250005544 titled 'NON-FUNGIBLE TOKEN-BASED BLOCKCHAIN TRANSACTIONS

Original Abstract Submitted

a method, a system, and computer program product for managing distribution of non-fungible tokens (nfts) representing receipts for transactions are provided. a request for a transaction is received over a blockchain network. the transaction includes a transfer of assets between a target node to a recipient node, both included in a blockchain network a link to a first transaction operation is transmitted to the recipient node. a token of a first result of the first transaction operation is transmitted, over the blockchain network, to trigger a second transaction operation. a second result of the second transaction operation is received from the blockchain network. a pair of non-fungible tokens including encrypted metadata associated with the transaction including the second result of the transaction operation is generated and transmitted to the target node and the other non-fungible token of the pair of non-fungible tokens to the recipient node.