US Patent Issued to United Services Automobile Association (USAA) on Dec. 30 for "Systems and methods for insurance for NFTS and digital assets" (Texas, Indiana, Florida, North Carolina Inventors)

ALEXANDRIA, Va., Dec. 31 -- United States Patent no. 12,511,694, issued on Dec. 30, was assigned to United Services Automobile Association (USAA) (San Antonio).

"Systems and methods for insurance for NFTS and digital assets" was invented by Christopher E. Flores (San Antonio), Jennifer M. Chandler-Bradley (Tampa, Fla.), Elena M. Carrasco (Converse, Texas), Keegan P. Hayes (Whitestown, Ind.), Nikhil Dama (Apex, N.C.), Yibin Xu (San Antonio) and Neetu Jain (Coppell, Texas).

According to the abstract* released by the U.S. Patent & Trademark Office: "A loss of a non-fungible token (NFT) may be determined. A search may be conducted to identify a digital twin of the NFT. If the digital twin of the NFT is found, a replacement NFT may be minted u...