Invention Grant
- Patent Title: Tokenization platform for facilitating a token-based digital marketplace
-
Application No.: US17363237Application Date: 2021-06-30
-
Publication No.: US12154085B2Publication Date: 2024-11-26
- 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: G06Q20/36
- IPC: G06Q20/36 ; G06F21/60 ; G06Q20/12 ; G06Q20/32 ; G06Q20/34 ; G06Q20/38 ; G06Q20/40 ; G06Q30/018

Abstract:
In embodiments of the present invention, systems are provided for a management system that receives a set of item attributes of an item offered for sale and generates a virtual representation of the item based on the item attributes. In embodiments, a ledger management system may generate a digital token corresponding to the item and cryptographically link the token to the virtual representation. In embodiments, a buyer marketplace system provides a digital marketplace whereby users view virtual representations of items, transact for items, validate and redeem a digital token, and burn the digital token such that the digital token is no longer redeemable or transferrable.
Public/Granted literature
- US20210326851A1 TOKENIZATION PLATFORM Public/Granted day:2021-10-21
Information query