US Patent Issued to Bank of America on Feb. 10 for "Systems and methods for creating derivative digital assets by branching on an original non-fungible token" (North Carolina, New York Inventors)

ALEXANDRIA, Va., Feb. 11 -- United States Patent no. 12,547,739, issued on Feb. 10, was assigned to Bank of America Corp. (Charlotte, N.C.).

"Systems and methods for creating derivative digital assets by branching on an original non-fungible token" was invented by Maharaj Mukherjee (Poughkeepsie, N.Y.) and George Anthony Albero (Charlotte, N.C.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Creation and secure storage of non-fungible tokens (NFT) formed from derivatives of digital properties/assets within a branch of a distributed ledger that stores the original NFT. Each branch of the distributed ledger emanates from a data block of the trunk of the distributed ledger and stores an NFT formed from a derivat...