ALEXANDRIA, Va., Nov. 25 -- United States Patent no. 12,481,746, issued on Nov. 25.

"Governance system" was invented by Brian Colwell (Surprise, Ariz.).

According to the abstract* released by the U.S. Patent & Trademark Office: "An improved governance system incorporating Web 3 technology, which includes blockchain technologies, decentralized communities, provable identity via NFTs (Non-Fungible Tokens), and token based economics."

The patent was filed on July 30, 2024, under Application No. 18/788,293.

*For further information, including images, charts and tables, please visit: http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PTXT&s1=12481746&OS=12481746...