IP Library Granted Patent US 11,616,650
Granted Patent B1
US 11,616,650 · App. 17/549,539 · Granted Mar 28, 2023

Physio-digital non-fungible token system

Inventors: Danyal Panjwani (Hillsborough, CA); Jack Bonomo (Hillsborough, CA)
Assignee: LIQUIDSports, Inc.
H04L9/3213G06N20/00H04L9/3236H04L9/3247H04L67/1097H04L9/50H04L2209/56
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Quick Facts
Patent No.
US 11,616,650
App. No.
17/549,539
Granted
Mar 28, 2023
Kind
B1
Abstract

Provided is a process including: generating a non-fungible token according to a non-fungible token standard; associating a virtual display of a physical object with the non-fungible token; associating object content associated with the physical object with the non-fungible token; and storing the non-fungible token at a first blockchain address of a first blockchain.

Claims (53)

1. A non-transitory, machine-readable medium storing instructions that, when executed by one or more processors, effectuate operations comprising:

generating, by a computer system, a non-fungible token according to a non-fungible token standard;

associating, by the computer system, the non-fungible token with object content associated with a physical object, wherein the non-fungible token and associated object content is recorded at a first blockchain address of a first blockchain;

storing, by the computer system and via a storage device writer on a vault device, the non-fungible token on a storage device while the physical object and the storage device coupled to the physical object are housed in the vault device that communicates with a smart contract having a second blockchain address, thereby creating a physio-digital non-fungible token that includes the physical object and the non-fungible token, wherein the smart contract verifies possession and maintenance of ownership of the physio-digital non-fungible token; and

periodically obtaining, by the computer system, a physio-digital non-fungible token presence notification via a communication system included on the vault device, wherein the physio-digital non-fungible token presence notification indicates that a sensor system housed in the vault device and coupled to the communication system detects a signal associated with the storage device coupled to the physical object.

2. The medium of claim 1 , wherein the operations further comprise:

determining, by the computer system and prior to the generation of the non-fungible token according to the non-fungible token standard, whether the physical object satisfies one or more conditions, wherein the generating the non-fungible token is in response to the physical object satisfying the one or more conditions.

3. The medium of claim 2 , wherein a condition of the one or more conditions includes determining that the physical object is housed in the vault device.

4. The medium of claim 3 , wherein the vault device is associated with a user that is associated with the physical object.

5. The medium of claim 3 , wherein a second condition of the one or more conditions includes determining that a location of the physical object satisfies a geolocation condition and a time condition.

6. The medium of claim 3 , wherein a second condition of the one or more conditions includes determining that a biometric authentication satisfies a biometric authentication condition.

7. The medium of claim 1 , wherein the operations further comprise;

receiving, by the computer system, a transaction request for a transaction that transfers ownership of the physio-digital non-fungible token from a first user to a second user;

receiving, by the computer system, a physical object sent notification indicating that the physical object has been sent by the first user;

receiving, by the computer system, a physical object received notification indicating that the physical object has been received by the second user, wherein the physical object received notification includes a geolocation and a time stamp;

associating, by the computer system and in response to verifying the geolocation and the time stamp, the ownership of the non-fungible token and the physical object with the second user according to the transaction; and

storing the transaction on a third blockchain address of the first blockchain.

8. The medium of claim 7 , wherein the physical object received notification and the physical object sent notification are sent from the vault device.

9. The medium of claim 8 , wherein the vault device is configured to:

determine that the physical object is housed in the vault device;

determine that the first user that is a current owner of the physical object has completed one or more authentications;

send the physical object sent notification when the physical object is housed by the vault device and the first user is authenticated;

determine that the second user that is a recipient of the physical object has completed one or more authentications; and

send the physical object received notification when the second user has completed the one or more authentications.

10. The medium of claim 7 , wherein the associating ownership of the non-fungible token and the physical object with the second user according to the transaction is in response to the physical object being housed in a second vault device associated with the second user.

11. The medium of claim 1 , wherein the operations further comprise:

associating, by the computer system, a virtual display of the physical object with the non-fungible token.

12. The medium of claim 11 , wherein the operations further comprise:

storing, by the computer system, an address of a storage location of the virtual display on the storage device coupled to the physical object.

13. The medium of claim 11 , wherein the operations further comprise:

storing, by the computer system, at least one of an address of a storage location of the object content or at least a portion of the object content on the storage device coupled to the physical object.

14. The medium of claim 11 , wherein the operations further comprise:

generating, by the computer system, the virtual display of the physical object.

15. The medium of claim 11 , wherein the operations further comprise:

grading, by the computer system, the physical object using a grading machine learning algorithm on the virtual display of the physical object to obtain a grade value for the physical object.

16. The medium of claim 11 , wherein the operations further comprise:

receiving, by the computer system, an application request with a cryptographic key to access the non-fungible token;

accessing, by the computer system, the first blockchain address of the first blockchain with the cryptographic key to obtain the non-fungible token;

obtaining, by the computer system and using the non-fungible token, the virtual display; and

causing, by the computer system, the virtual display to be displayed on a display device.

17. The medium of claim 16 , wherein the operations further comprise:

obtaining, by the computer system and using the non-fungible token, the object content; and

providing, by the computer system, the object content to complete the application request.

18. The medium of claim 1 , wherein the operations further comprise steps for generating the non-fungible token according to the non-fungible token standard.

19. A method, comprising:

generating, by a computer system, a non-fungible token according to a non-fungible token standard;

associating, by the computer system, the non-fungible token with object content associated with a physical object, wherein the non-fungible token and associated object content is recorded at a first blockchain address of a first blockchain;

storing, by the computer system and via a storage device writer on a vault device, the non-fungible token on a storage device while the physical object and the storage device coupled to the physical object are housed in the vault device that communicates with a smart contract having a second blockchain address, thereby creating a physio-digital non-fungible token that includes the physical object and the non-fungible token, wherein the smart contract verifies possession and maintenance of ownership of the physio-digital non-fungible token; and

periodically obtaining, by the computer system, a physio-digital non-fungible token presence notification via a communication system included on the vault device, wherein the physio-digital non-fungible token presence notification indicates that a sensor system housed in the vault device and coupled to the communication system detects a signal associated with the storage device coupled to the physical object.

20. The medium of claim 1 , wherein the vault device is a portable vault device such that the physio-digital non-fungible token presence notification includes a first geolocation of the vault device determined by a positioning system included in the sensor system and a subsequent physio-digital non-fungible token presence notification includes a second geolocation of the vault device that is different than the first geolocation.

21. The medium of claim 1 , wherein the physical object is a collector card and the storage device is embedded into a card encasement that houses the collector card to provide a tamperproof coupling.

22. The method of claim 19 , further comprising:

determining that a user associated with the physical object is in possession of the vault device that houses the physical object based on user authentication information obtained by the vault device, wherein the generating the non-fungible token and the storing the non-fungible token on the storage device while the physical object and the storage device coupled to the physical object are housed in the vault device is in response to the determining that the user associated with the physical object is in possession of the vault device that houses the physical object.

Assignments (2)
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Jul 12, 2022
From: PANJWANI, DANYAL
To: LIQUIDSPORTS, INC.
Reel/Frame 060489/0500 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Dec 21, 2021
From: PANJWANJ, DANYAL; BONOMO, JACK; ARTEM, HANDZIOSHYN
To: LIQUIDSPORTS, INC.
Reel/Frame 058450/0030 →
Cited By (9)
US 12,204,634 US 12,301,575 US 12,341,898 US 12,461,999 US 12,513,259 US 12,562,909 US 12,603,778 US 12,640,925 US 12,652,170