ATOMIC FORM, INC. (20240380596). METHOD AND SYSTEM OF ASSESSING, REMEDIATING, AND MAINTAINING NON-FUNGIBLE TOKENS (NFTS) simplified abstract
Contents
METHOD AND SYSTEM OF ASSESSING, REMEDIATING, AND MAINTAINING NON-FUNGIBLE TOKENS (NFTS)
Organization Name
Inventor(s)
Rick Manelius of Edmond OK (US)
METHOD AND SYSTEM OF ASSESSING, REMEDIATING, AND MAINTAINING NON-FUNGIBLE TOKENS (NFTS) - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240380596 titled 'METHOD AND SYSTEM OF ASSESSING, REMEDIATING, AND MAINTAINING NON-FUNGIBLE TOKENS (NFTS)
The abstract describes techniques for rating, remediating, and maintaining non-fungible tokens (NFTs) that consist of data stored on and off-chain, affecting various characteristics of the assets they represent. Data on the states of these characteristics can be processed, scored, and served via APIs, with ratings broken down into line items or an overall risk score. Deficiencies and remediation options can be surfaced to end-users and decentralized applications. These techniques can be publicly or privately asserted and certified to meet contractual or legal requirements.
- Techniques for rating, remediating, and maintaining NFTs with on-chain and off-chain data.
- Data processing, scoring, and serving via APIs to assess characteristics and overall risk.
- Surfacing deficiencies and remediation options to end-users and decentralized applications.
- Public or private assertion and certification to meet contractual or legal requirements.
- Comprehensive approach to ensure the integrity, longevity, and upgradability of NFT assets.
- Potential Applications
The technology can be applied in the art industry, gaming sector, collectibles market, and real estate for verifying and maintaining the authenticity and quality of NFT assets.
- Problems Solved
The technology addresses the challenges of assessing and improving the characteristics of NFTs, ensuring their integrity, longevity, and upgradability for buyers and sellers.
- Benefits
The technology provides a standardized and transparent way to evaluate and enhance the quality of NFT assets, increasing trust and confidence in the market.
- Commercial Applications
The technology can be utilized by NFT marketplaces, art galleries, gaming platforms, and real estate agencies to offer verified and high-quality NFT assets to their customers, enhancing their reputation and attracting more buyers.
- Prior Art
Researchers can explore existing patents and publications related to NFT rating, remediation, and maintenance techniques to understand the current state of the art in the field.
- Frequently Updated Research
Stay informed about the latest developments in NFT technology, blockchain security, and data processing to enhance the effectiveness and efficiency of the described techniques.
- Questions about NFT Rating and Remediation
1. How do the techniques described in the abstract ensure the integrity and longevity of NFT assets? 2. What are the key factors considered in scoring and rating NFT characteristics for risk assessment?
Original Abstract Submitted
various techniques are described herein for rating, remediating, and maintaining non-fungible tokens (“nfts”). nfts can consist of data that's stored on chain and off chain, which affects the dozens of characteristics (e.g., integrity, longevity, upgradability, etc.) of the assets they holistic assets they represent. data identifying the current and historical states of these characteristics can be obtained, processed, scored, stored, and served via public and private application programming interfaces (“apis”). these ratings can be broken down into individual line items or calculated to achieve an overall risk score. additionally, data outlining the deficiencies as well as multiple options or strategies to remediate these deficiencies can be surfaced to end-users and decentralized applications (“dapps”). furthermore, these techniques can be publicly or privately asserted and certified to meet contractual or legal requirements of buyers unwilling or unable to interact with nfts that do not (or cannot) cross particular scoring thresholds.
