US Patent Issued to OZONE NETWORKS on Feb. 10 for "Minting and management of items on a blockchain" (California, New York Inventors)

ALEXANDRIA, Va., Feb. 11 -- United States Patent no. 12,548,016, issued on Feb. 10, was assigned to OZONE NETWORKS INC. (New York).

"Minting and management of items on a blockchain" was invented by Alexander Atallah (New York) and Robert W. Sun (Santa Clara, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Techniques for minting and management of items on a blockchain are disclosed. These techniques include minting a limited fungibility token relating to a digital item, including creating the token using a smart contract associated with a blockchain, and recording the token in a storage repository without recording the token in the blockchain. The techniques further include receiving a request to transf...