Invention Grant
- Patent Title: Tokenization platform
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Application No.: US17520404Application Date: 2021-11-05
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Publication No.: US12002024B2Publication Date: 2024-06-04
- Inventor: Jonathan Yantis , William Edward Quigley , Lukasz Jakub Sliwka
- Applicant: VERONA HOLDINGS SEZC
- Applicant Address: KY George Town
- Assignee: VERONA HOLDINGS SEZC
- Current Assignee: VERONA HOLDINGS SEZC
- Current Assignee Address: KY George Town
- Agency: RMCK Law Group, PLC
- Main IPC: G06Q20/32
- IPC: G06Q20/32 ; G06F21/60 ; G06Q20/12 ; G06Q20/34 ; G06Q20/38 ; G06Q20/40 ; G06Q30/018 ; G06Q20/36

Abstract:
In embodiments, a tokenization platform that facilitates token-based presales is disclosed. In embodiments, the system includes a token generation system that generates a digital token that is cryptographically linked to virtual representations of an item that is not yet in existence, wherein the token is redeemable for fulfillment of the item after the item comes into existence. The system also includes a marketplace that allows a user to purchase the item before it comes into existence and initiates assignment of the digital token corresponding to the item to an account of the user in response to the user transacting for the item. The system also includes a redemption system that receives a redemption request from the user and, in response to validating that the redeeming user owns the token and the item is in existence, triggers a fulfillment workflow that facilitates fulfillment of the item to the user.
Public/Granted literature
- US20220058632A1 TOKENIZATION PLATFORM Public/Granted day:2022-02-24
Information query