Patents Assigned to PWCC Marketplace, LLC
  • Publication number: 20240013195
    Abstract: Embodiments described herein provide for systems and methods for generating blockchain tokens as tokenized versions of live assets stored in a vault. A server verifies live assets and mints vault-backed title NFTs to blockchain wallets. The server executes software (e.g., dApp; smart contract) for minting a vault-backed title NFT as UDA token corresponding one-to-one with the live asset, or optionally as a set of COA tokens, including the title NFT and a set of fungible access tokens having a subset of privileges or rights derived from the title token. The server hosts an online marketplace where users may purchase or sell the asset tokens (e.g., title NFTs or the access tokens), or may submit redemption requests for triggering or accessing privileges afforded by the asset tokens or redeeming (“unchaining”) the live assets.
    Type: Application
    Filed: May 12, 2023
    Publication date: January 11, 2024
    Applicants: Third Venture Partners, Inc., PWCC Marketplace, LLC
    Inventors: Steven Osborn, Brent Huigens