首页|'Determining An Optimum Quantity Of Fractional Non-Fungible Tokens To Generate For Content And A Content Exchange' in Patent Application Approval Process (USPTO 20230401570)
'Determining An Optimum Quantity Of Fractional Non-Fungible Tokens To Generate For Content And A Content Exchange' in Patent Application Approval Process (USPTO 20230401570)
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The following quote was obtained by the news editors from the background information supplied bythe inventors: “A non-fungible token (NFT) is a non-interchangeable unit of data stored on a blockchain and that can be sold and traded. An NFT may be associated with content, such as movies, photos,videos, audio, text, art, and/or the like. A fractional NFT (f-NFT) is a whole NFT that has been dividedinto smaller fractions, allowing several different entities (e.g., businesses, organizations, agencies, firms,and/or the like) and/or people to claim ownership of a piece of the same NFT. The NFT is fractionalizedusing a smart contract that generates a set number of tokens linked to the indivisible original NFT. Thesefractional tokens give each holder a percentage of ownership of an NFT, and can be traded or exchangedon secondary markets.”
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