Wacom Co., Ltd. (20240281803). NFT ISSUING METHOD, COMPUTER, AND COMPUTER-READABLE MEDIUM simplified abstract
Contents
NFT ISSUING METHOD, COMPUTER, AND COMPUTER-READABLE MEDIUM
Organization Name
Inventor(s)
Joss Daniel Giffard-burley of Frome (GB)
Avinav Khanal of Dusseldorf (DE)
NFT ISSUING METHOD, COMPUTER, AND COMPUTER-READABLE MEDIUM - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240281803 titled 'NFT ISSUING METHOD, COMPUTER, AND COMPUTER-READABLE MEDIUM
The abstract of this patent application describes a method for issuing non-fungible tokens (NFTs) that includes embedding a watermark in a selected artwork, authenticating the user's legitimacy in relation to the artwork, and generating an NFT for the artwork upon successful authentication.
- Receiving a selection of a first artwork with an embedded watermark
- Authenticating the user's legitimacy based on the watermark and user information
- Generating a first NFT for the artwork if authentication is successful
- Preventing unauthorized conversion of digital artwork into NFTs
Potential Applications: - Art authentication and provenance tracking - Digital asset protection and verification - Collectibles and memorabilia authentication
Problems Solved: - Unauthorized creation and sale of NFTs for digital artwork - Ensuring the authenticity and ownership of digital assets
Benefits: - Secure and verifiable ownership of digital assets - Protection against unauthorized duplication and distribution - Enhanced trust and transparency in the NFT marketplace
Commercial Applications: Title: Secure NFT Issuance and Authentication Technology This technology can be used in art marketplaces, digital asset platforms, and online galleries to authenticate and issue NFTs for digital artwork, collectibles, and other unique assets.
Questions about NFT Issuance and Authentication Technology: 1. How does the watermark embedded in the artwork contribute to the authentication process?
- The watermark serves as a unique identifier that helps verify the authenticity of the artwork and the user's connection to it.
2. What measures are in place to prevent unauthorized conversion of digital artwork into NFTs?
- The authentication process checks the user's legitimacy and rights to the artwork before generating an NFT, thereby preventing unauthorized NFT creation.
Original Abstract Submitted
an nft (non-fungible token) issuing method according to the present disclosure includes receiving a selection of a first artwork in which a watermark is embedded, authenticating, in reference to the watermark and information concerning a user who selects the first artwork, whether or not the user is an artist of the first artwork, and generating a first nft indicating the first artwork when the authenticating succeeds. embodiments of the present disclosure can prevent nft conversion of a digital artwork by a person who does not have a legitimate right.
