Unknown Organization (20240265362). ESTABLISHMENT OF FRACTIONAL OWNERSHIP OF DIGITAL ASSETS AND NON-FUNGIBLE TOKENS FOR INTANGIBLE AND TANGIBLE ITEMS USING BLOCKCHAIN OR OTHER TRACKING METHODS simplified abstract
ESTABLISHMENT OF FRACTIONAL OWNERSHIP OF DIGITAL ASSETS AND NON-FUNGIBLE TOKENS FOR INTANGIBLE AND TANGIBLE ITEMS USING BLOCKCHAIN OR OTHER TRACKING METHODS
Organization Name
Inventor(s)
FILIPE Pedroso of Bridgewater NJ (US)
ESTABLISHMENT OF FRACTIONAL OWNERSHIP OF DIGITAL ASSETS AND NON-FUNGIBLE TOKENS FOR INTANGIBLE AND TANGIBLE ITEMS USING BLOCKCHAIN OR OTHER TRACKING METHODS - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240265362 titled 'ESTABLISHMENT OF FRACTIONAL OWNERSHIP OF DIGITAL ASSETS AND NON-FUNGIBLE TOKENS FOR INTANGIBLE AND TANGIBLE ITEMS USING BLOCKCHAIN OR OTHER TRACKING METHODS
The abstract describes a computer-implemented method for fractionalizing digital assets or NFTs by providing a chain-of-ownership blockchain or other data to authenticate fractional ownership, visualizing representative parts of the fractionalized ownership, and establishing an exchange market for these assets.
- Fractionalizing digital assets or NFTs in the virtual and non-virtual world
- Providing a chain-of-ownership blockchain or other data for authentication
- Visualizing representative parts of fractionalized ownership
- Establishing an exchange market for fractionalized digital assets
- Enabling creation, sale, transfer, or exchange of fractionalized assets
Potential Applications:
- Fractional ownership of high-value digital assets
- Investment opportunities in digital assets
- Trading platforms for fractionalized assets
Problems Solved:
- Lack of access to high-value digital assets
- Difficulty in verifying ownership of fractionalized assets
- Limited market for trading fractionalized assets
Benefits:
- Increased accessibility to valuable digital assets
- Enhanced security through blockchain authentication
- Diversification of investment portfolios
Commercial Applications:
- Digital asset investment platforms
- NFT trading exchanges
- Fractional ownership marketplaces
Questions about Fractionalizing Digital Assets or NFTs: 1. How does blockchain technology enhance the authentication of fractional ownership? 2. What are the potential risks associated with trading fractionalized digital assets?
Frequently Updated Research: Research on the impact of fractionalization on the digital asset market is ongoing and continually evolving. Stay updated on the latest trends and developments in this field.
Original Abstract Submitted
a computer-implemented method of fractionalizing digital assets or nfts includes under control of one or more configured computing systems, fractionalizing the digital asset or nft in the virtual and non-virtual world by providing a chain-of-ownership blockchain or other data to authenticate fractional ownership; or by proving a visualized representative part of the fractionalized ownership of the digital asset; and establishing an exchange market for the creation, sale, transfer or exchange of fractionalized digital assets.
