Unknown Organization (20240378606). NFT OWNERSHIP AUTHENTICATION AND DISTRIBUTION simplified abstract

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NFT OWNERSHIP AUTHENTICATION AND DISTRIBUTION

Organization Name

Unknown Organization

Inventor(s)

Gian Luis Irizarry of Carolina PR (US)

NFT OWNERSHIP AUTHENTICATION AND DISTRIBUTION - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240378606 titled 'NFT OWNERSHIP AUTHENTICATION AND DISTRIBUTION

    • Simplified Explanation:**

The system will authenticate the ownership of an NFT through a unique QR code that links the NFT and wallet address to the owner. It will also distribute the NFT to a user's wallet address through a distributed ledger, generating a QR code for authentication.

    • Key Features and Innovation:**
  • Authentication of NFT ownership through a unique QR code.
  • Distribution of NFT to user's wallet address via a distributed ledger.
  • Generation of QR code for authentication after NFT transfer.
  • Email notification to user containing the generated QR code.
    • Potential Applications:**

This technology can be used in physical events or establishments to authenticate NFT ownership without the need for a wallet or internet connection. It can also streamline the process of transferring NFTs to user wallet addresses securely.

    • Problems Solved:**

This technology addresses the problem of authenticating NFT ownership in physical events or establishments without requiring users to have a wallet or internet connection. It also ensures secure and efficient transfer of NFTs to user wallet addresses.

    • Benefits:**
  • Simplifies the authentication process of NFT ownership.
  • Enhances security in transferring NFTs to user wallet addresses.
  • Streamlines the process of distributing NFTs through a distributed ledger.
    • Commercial Applications:**

This technology can be utilized in events, art galleries, museums, and other physical locations where NFTs are involved to authenticate ownership and facilitate secure transfers.

    • Questions about NFT Authentication System:**

1. How does the system ensure the security of NFT transfers to user wallet addresses? 2. What are the potential implications of this technology in the art and collectibles industry?


Original Abstract Submitted

the system will provide a method of authenticating the ownership of an nft that has been assigned through a distributed ledger, with the creation of a unique qr code that links the nft and wallet address to the owner. this resolves the problem of authenticating nft ownership in physical events or establishments without the user requiring the use of a wallet or internet connection. the system will also provide the distribution of an nft through a distributed ledger to a user wallet address. the system will receive a payment confirmation that will follow the execution of the nft transfer though the distributed ledger. the system will generate a unique qr code after the completion of the nft transfer to the user wallet address. the system will send an email to the user containing the generated qr code, linking the nft to the wallet address of the user.

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