Intellectual Property India Publishes Patent Application for 'Divisible Non-Fungible Token And Its Applications' Filed by A&C Technology, Inc.

MUMBAI, India, May 16 -- Intellectual Property India has published a patent application (202517027777 A) filed by A&C Technology, Inc., Newport Beach, U.S.A., on March 25, for 'divisible non-fungible token and its applications.'

Inventor(s) include Luo, Jiayi; Jiang, Hanhua; Hsu, Hao; Li, Shihao; Zhao, Ye; Qin, Han; Qin, Jiayang; and Wen, Ruiming.

The application for the patent was published on May 16, under issue no. 20/2025.

According to the abstract released by the Intellectual Property India: "A method of renting rentable items using NFTs receives a request from an owner to list a rentable item for rent, causes a distributed ledger system to mint an inheritable rental NET, and assign the rental NET to the owner. The method lists the ...