US Patent Issued on July 15 for "Digital lock and key system using non-fungible digital tokens and methods thereof" (Texas Inventor)

ALEXANDRIA, Va., July 16 -- United States Patent no. 12,361,148, issued on July 15.

"Digital lock and key system using non-fungible digital tokens and methods thereof" was invented by Ryan White (McKinney, Texas).

According to the abstract* released by the U.S. Patent & Trademark Office: "A digital lock and key system using non-fungible digital tokens is disclosed. The digital lock and key system includes a non-fungible digital token having a blockchain address; and a piece of property having a lock; wherein the lock verifies whether the user possesses a non-fungible digital token with a recognized blockchain address; wherein the lock grants access to the piece of property when the lock verifies the user's non-fungible digital token; wher...