TOKENFORM LLC (20240265223). NON-FUNGIBLE TOKEN DIRECTORY SERVICES simplified abstract
Contents
NON-FUNGIBLE TOKEN DIRECTORY SERVICES
Organization Name
Inventor(s)
Jeffrey Binder of Denver CO (US)
Charles Hasek of Denver CO (US)
Lindsay Gardner of West Hollywood CA (US)
NON-FUNGIBLE TOKEN DIRECTORY SERVICES - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240265223 titled 'NON-FUNGIBLE TOKEN DIRECTORY SERVICES
The abstract of the patent application describes the creation of a non-fungible token (NFT) associated with an asset linked to a specific address. A directory service implemented by one or more smart contracts of other NFTs can route requests to a second address, allowing for the asset referenced by the NFT to be changed.
- The creation of a non-fungible token (NFT) associated with a specific asset and address.
- Implementation of a directory service through smart contracts to route requests to a second address.
- Configurability of the directory service to change the second address, enabling the modification of the asset referenced by the NFT.
- Benefits include the ability to select between multiple versions of the asset, redundancy through multiple copies, self-executing web microservices, storage flexibility, and access control.
Potential Applications: - Digital art and collectibles - Real estate tokenization - Intellectual property rights management
Problems Solved: - Flexibility in asset management - Enhanced security and access control - Improved asset versioning and redundancy
Benefits: - Increased asset flexibility and customization - Enhanced security and access control - Improved asset versioning and redundancy
Commercial Applications: Title: "Enhancing Asset Management with Configurable NFT Directory Services" This technology can be applied in various industries such as digital art, real estate, and intellectual property management to streamline asset management processes and enhance security measures.
Questions about the technology: 1. How does the configurability of the directory service impact asset management?
The configurability allows for flexibility in changing the asset associated with the NFT, enabling better asset versioning and redundancy.
2. What are the potential implications of using NFTs with directory services in real estate tokenization?
Real estate tokenization can benefit from enhanced security, access control, and asset versioning provided by the technology.
Original Abstract Submitted
a first non-fungible token (nft) may be created that is associated with an asset associated with a first address. a system and/or one or more smart contracts of one or more other nfts may implement a directory service associated with the first address. the directory service may receive requests at the first address and route the request directly or indirectly to a second address. the directory service may be configurable such that the second address may be changed. in this way, the asset referenced by the first nft may be changed. this may add the capabilities of allowing selection between multiple versions of the asset, failure protection through redundancy via multiple copies of the asset, providing of self-executing web microservices, providing storage location flexibility, access control, and so on.
