ALEXANDRIA, Va., Aug. 26 -- United States Patent no. 12,400,218, issued on Aug. 26, was assigned to Credit.com Holdings LLC (New York).
"Non-fungible tokenized contract embedded in a blockchain" was invented by Taylor Cushman Rose (South Jordan, Utah) and Justin Randall Padawer (Salt Lake City).
According to the abstract* released by the U.S. Patent & Trademark Office: "Techniques for implementing a tokenized contract on a blockchain are disclosed. A contract is obtained, where that contract specifies certain contract conditions. The contract is minted as a non-fungible token (NFT) to generate a tokenized contract. The tokenized contract includes logic that tracks operations to determine whether the contract conditions have been satisfied...