US Patent Issued to Wells Fargo Bank on April 22 for "Format transformation of non-fungible token (NFT) via transfer by containerized data structures" (California Inventors)

ALEXANDRIA, Va., June 6 -- United States Patent no. 12,282,903, issued on April 22, was assigned to Wells Fargo Bank N.A. (San Francisco).

"Format transformation of non-fungible token (NFT) via transfer by containerized data structures" was invented by Ashish B. Kurani (Hillsborough, Calif.) and Dennis E. Montenegro (Concord, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Aspects of this technical solution can include identifying an NFT linked with a first public and private key pair associated with the source account, having a transfer property indicating that the NFT is transferable from the source account, having a value property denominated in fiat currency, and having a volatility metric based on...