Monsoon Digital PTE LTD. (20240289273). NFT SYSTEMS, METHODS, AND STRUCTURES simplified abstract
Contents
- 1 NFT SYSTEMS, METHODS, AND STRUCTURES
- 1.1 Organization Name
- 1.2 Inventor(s)
- 1.3 NFT SYSTEMS, METHODS, AND STRUCTURES - A simplified explanation of the abstract
- 1.4 Simplified Explanation
- 1.5 Potential Applications
- 1.6 Problems Solved
- 1.7 Benefits
- 1.8 Commercial Applications
- 1.9 Questions about NFT Data Structure
- 1.10 Original Abstract Submitted
NFT SYSTEMS, METHODS, AND STRUCTURES
Organization Name
Inventor(s)
Chern Ann Ng of Singapore (SG)
Carlos Pajares Bernardez of Bangkok (TH)
NFT SYSTEMS, METHODS, AND STRUCTURES - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240289273 titled 'NFT SYSTEMS, METHODS, AND STRUCTURES
Simplified Explanation
The patent application describes systems and methods for a unique data structure for NFTs, combining blockchain ledger storage with a separate storage system like the Interplanetary File System. This structure includes a compressed archive of files representing the product linked to the NFT, with pointers to the storage system and product identifier stored on the blockchain.
- Data structure for NFTs combining blockchain ledger and separate storage system
- Compressed archive of files representing the product linked to the NFT
- Pointers to storage system and product identifier stored on the blockchain
Potential Applications
1. Digital asset management 2. Secure storage of product information 3. Verification of product authenticity
Problems Solved
1. Efficient storage of product data 2. Secure linking of product information to NFTs
Benefits
1. Enhanced data security 2. Streamlined product verification process
Commercial Applications
The technology can be utilized in industries such as digital art, collectibles, and supply chain management to securely store and verify product information linked to NFTs.
Questions about NFT Data Structure
How does the data structure enhance the security of NFTs?
The data structure ensures that product information is securely stored and linked to NFTs, reducing the risk of tampering or fraud.
What industries can benefit the most from this innovative data structure for NFTs?
Industries such as digital art, collectibles, and supply chain management can benefit from the secure storage and verification capabilities of this data structure.
Original Abstract Submitted
disclosed herein are systems and methods for nft data structure and related features and system. in some embodiments, a data structure is defined that is configured for storing certain defined elements on the blockchain ledger and other element on interplanetary file system or similar storage system. the other element is configured in accordance with the data structure to include a group of files. the element is a compressed archive of the group of files. the files are configured to provide the benefit of the product represented by the nft and defined by the filed in the product archive. the data structure stores a pointer to the storage system and an identifier of the particular product on the blockchain. the system is configured to provide an expansion feature by way of the definition of a data structure that require minimal data storage.
