US Patent Issued to Wells Fargo Bank on July 15 for "Generation and validation of non-fungible tokens linked with physical environments" (North Carolina, California Inventors)

ALEXANDRIA, Va., July 16 -- United States Patent no. 12,361,778, issued on July 15, was assigned to Wells Fargo Bank N.A. (San Francisco).

"Generation and validation of non-fungible tokens linked with physical environments" was invented by Nathaniel C. Eutsler (San Francisco) and Matthew Mullin Shepherd (Charlotte, N.C.).

According to the abstract* released by the U.S. Patent & Trademark Office: "An aspect can include obtaining, from a device of a user, location data, obtaining, from the device in response to a determination that the location parameter identifies a physical location of a physical environment, a public key of the user, generating, based on the public key and a private key of the user, an NFT linked with the user and the ph...