Invention Grant
- Patent Title: Digital and physical asset transfers based on authentication
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Application No.: US17739026Application Date: 2022-05-06
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Publication No.: US12026684B2Publication Date: 2024-07-02
- Inventor: Vinesh Premji Patel , Michael R. Young , Manu J. Kurian
- Applicant: Bank of America Corporation
- Applicant Address: US NC Charlotte
- Assignee: Bank of America Corporation
- Current Assignee: Bank of America Corporation
- Current Assignee Address: US NC Charlotte
- Main IPC: G06Q20/06
- IPC: G06Q20/06 ; G06F3/04815 ; G06Q20/36 ; G06T13/40

Abstract:
An apparatus for transferring virtual resources comprises a processor associated with a server. The processor is configured to conduct an interaction between a first user and an entity to transfer a physical object and a non-fungible token (NFT) to the first user, wherein the NFT is associated with the physical object. The processor is further configured to receive the NFT for storage in a first digital folder and to receive a request to establish an interaction session between a first avatar in a virtual environment and a second avatar associated with a second user. The processor is further configured to authorize the interaction session in response to authenticating the NFT and to conduct the interaction. The interaction includes initiating a transfer of the physical object from the first user to the second user and transmitting the NFT to a second digital folder associated with the second user.
Public/Granted literature
- US20230360006A1 DIGITAL AND PHYSICAL ASSET TRANSFERS BASED ON AUTHENTICATION Public/Granted day:2023-11-09
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