US Patent Issued to Wells Fargo Bank on Nov. 18 for "Allocation of non-fungible token (NFT) by containerized data structures" (California Inventors)

ALEXANDRIA, Va., Nov. 18 -- United States Patent no. 12,475,457, issued on Nov. 18, was assigned to Wells Fargo Bank N.A. (San Francisco).

"Allocation of non-fungible token (NFT) 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 registering a first non-fungible token (NFT) account of a customer to a first public and private key pair, registering a second NFT account of a financial institution to a second public and private key pair, receiving a request to transfer to the first NFT account an NFT having a quantitative value, generating ...