IP Library Granted Patent US 12,177,366
Granted Patent B1
US 12,177,366 · App. 17/988,644 · Granted Dec 24, 2024

Systems and methods for certifying and transacting PBT-linked physical artifacts

Inventors: Robert Norton (Los Angeles, CA); Bradford Lindsley Schlei (Santa Monica, CA); Shelley Ann Mannion (London, GB); John Wood (London, GB); Marcus Ramsden (London, GB)
Assignee: Verisart, Inc.
H04L9/3263H04L9/0863H04L9/3213H04L9/3297
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Quick Facts
Patent No.
US 12,177,366
App. No.
17/988,644
Granted
Dec 24, 2024
Kind
B1
Abstract

A method and system for linking a physical artifact to a non-fungible token (NFT) with a digital certificate and/or a digital certificate of authenticity (COA) are disclosed herein. The method and system use multiple attestations along with digital ledger technology to provide a digital certificate of authenticity for an object such as a work of art, collectible, or a non-fungible token (NFT) when the NFT is minted. An extended physical backed token (EPBT) is also generated for the physical artifact.

Claims (32)

1. A method for creating a digital certificate and/or a digital certificate of authenticity (COA) for a non-fungible token (NFT) at minting, the method comprising:

a) minting an NFT;

b) transmitting from a server to a user a digital key;

c) receiving a request from a user for a relationship with a creator of the NFT;

d) establishing a registered record for the NFT;

e) authorizing a relationship between the user and the creator subsequent to verification of the user;

f) generating a creator relationship digital key at the server; and converting the registered record to a digital COA with a confirmation using the creator relationship digital key;

wherein the digital COA is based upon a plurality of authentication endorsements and is configured to change state along a continuum of low to high confidence in authenticity based on the plurality of authentication endorsements;

wherein each of the plurality of authentication endorsements are weighted differently, and an authentication endorsement from the creator of the NFT is weighted greater than an authentication endorsement from a third-party.

2. The method according to claim 1 further comprising: g) creating a random one-time code at the server; h) generating a secure computer readable code comprising the random one-time code, for attachment of the computer readable code to the NFT; and i) linking the random one-time code in a database to the digital COA.

3. The method according to claim 1 further comprising: g) transferring the digital COA to a new owner of the NFT by generating a new digital key for the new owner on the digital COA.

4. The method according to claim 1 further comprising: g) generating an endorsement for a certificate by generating an endorsement digital key, an endorser approving the endorsement key for inclusion in the digital COA, and noting a time stamp of the endorser.

5. The method according to claim 2 wherein the computer readable code is self-printed, merchant printed, bespoke printed or integrated into a substance of the NFT.

6. The method according to claim 1 wherein the digital COA comprises a plurality of digitally enforceable contract terms.

7. The method according to claim 1 further comprising:

g) receiving a request from a user for a relationship with a third-party of the NFT;

h) authorizing a relationship between the user and the third-party;

i) generating an endorsement digital key at the server; and

j) modifying the digital COA with an inclusion of the endorsement digital key.

8. The method according to claim 1 further comprising: g) storing a version of the digital COA in a distributed ledger comprising a timestamp and a signed attestation.

9. The method according to claim 8 further comprising: h) verifying the digital COA by examining the distributed ledger to verify the timestamp; i) verifying cryptographic signatures of the owner and the creator against public keys at a remote site; and j) cryptographically verifying contents of metadata and files of the digital COA by comparing a plurality of hashes against a main manifest file.

10. The method according to claim 2 wherein the secure computer readable code is an active link between the NFT and the digital COA.

11. The method according to claim 2 wherein the secure computer readable code is at least one of a QR code or metadata on a digital file.

12. A digital certificate of authenticity (COA) for a non-fungible token (NFT) for a physical artifact comprising:

a verified user's digital key for a user;

a creator's relationship digital key confirming a relationship between the user and a creator for the NFT;

a completeness of collectible information comprising an image; and

an active link between the digital COA and the NFT;

wherein the digital COA is created at minting and is based upon a plurality of authentication endorsements and is configured to change state along a continuum of low to high confidence in authenticity based on the plurality of authentication endorsements;

wherein each of the plurality of authentication endorsements are weighted differently, and an authentication endorsement from the creator of the NFT is weighted greater than an authentication endorsement from a third-party.

13. The digital COA for an NFT for a physical artifact according to claim 12 further comprising extended physical backed token (EPBT) for the physical artifact.

14. The digital COA for an NFT for a physical artifact according to claim 13 wherein the EPBT comprises a near field communication (NFC) chip and the NFT.

Assignments (1)
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Oct 11, 2024
From: NORTON, ROBERT; SCHLEI, BRADFORD LINDSLEY; MANNION, SHELLEY ANN; WOOD, JOHN; RAMSDEN, MARCUS
To: VERISART, INC.
Reel/Frame 068879/0778 →
Continuity (3)
Continuation In Part 17384432 · Jul 23, 2021
Continuation In Part 17156163 · Jan 22, 2021
Provisional Application 63281542 · Nov 19, 2021
Cited By (2)
US 12,328,421 US 12,430,680