System and method for providing cryptographically secured digital assets

Patent metadata

Field	Value
Publication number	US-12074971-B2
Application number	US-202318334872-A
Country	US
Kind code	B2
Filing date	Jun 14, 2023
Priority date	Dec 7, 2018
Publication date	Aug 27, 2024
Grant date	Aug 27, 2024

Abstract

A method of provisioning or distributing a cryptographic digital asset and supervising a secondary transfer of the digital asset includes receiving a transaction confirmation indicative of a completed transaction of a product from a first party to a second party; determining or receiving a unique owner identification (ID) code or wallet address of the second party; recording or transmitting a request to record ownership of the cryptographic digital asset to the unique owner identification (ID) code or wallet address of the second party; receiving a request to transfer the cryptographic digital asset to a second unique owner identification (ID) code or second wallet address; and recording or transmitting a request to record ownership of the cryptographic digital asset to the second unique owner identification (ID) code or second wallet address.

First claim

What is claimed:

1. A method of provisioning cryptographic digital assets, the method comprising:
transmitting, from a computing node over a distributed computing network to multiple computing devices of multiple users, virtual object retrieval options each enabling creation of one of a predefined limited number of non-fungible tokens (NFTs) with a digital asset displaying a digital representation of a physical product;
requesting manufacture of multiple ones of the physical product displayed in the digital asset;
receiving, via the computing node over the distributed computing network from the computing devices of the users, user requests to use the virtual object retrieval options;
assigning, responsive to receiving the user requests, the NFTs to cryptocurrency wallets of a select subset of the users;
receiving, via the computing node from the computing devices of multiple ones of the users in the subset of users, trade requests to trade the NFT for the physical product; and
requesting shipment of one of the physical products to each of the users in the subset of users from which one of the trade requests was received.

2. The method of claim 1 , further comprising generating, via a virtual object generator responsive to receiving the user requests to use the virtual object retrieval options, the predefined limited number of the NFTs.

3. The method of claim 1 , further comprising removing the NFTs from the cryptocurrency wallets of the multiple ones the users submitting the trade requests.

4. The method of claim 3 , further comprising assigning replacement NFTs, distinct from the NFTs associated with the digital asset, to the cryptocurrency wallets of the multiple ones the users submitting the trade requests.

5. The method of claim 4 , wherein the replacement NFTs are associated with a different digital asset displaying a different digital representation of a different physical product.

6. The method of claim 1 , further comprising:
receiving, via the computing node from the computing device of a first user of the users, an NFT-to-NFT trade request to trade the NFT of the first user for a new NFT; and
assigning, responsive to receiving the NFT-to-NFT trade request, the new NFT to the cryptocurrency wallet of the first user.

7. The method of claim 6 , further comprising removing, responsive to receiving the NFT-to-NFT trade request, the NFT from the cryptocurrency wallet of the first user.

8. The method of claim 1 , further comprising:
receiving, via the computing node from the computing device of a first user of the users, an NFT transfer request to transfer the NFT of the first user to a second user; and
reassigning, responsive to receiving the NFT transfer request, the NFT of the first user to a second cryptocurrency wallet of the second user.

9. The method of claim 8 , further comprising:
receiving, via the computing node from a second computing device of the second user, one of the trade requests to trade the NFT for the physical product; and
requesting shipment of one of the physical products to the second user in response to receiving the one of the trade requests from the second user.

10. The method of claim 9 , further comprising removing, responsive to receiving the one of the trade requests from the second user, the NFT from the second cryptocurrency wallet of the second user.

11. The method of claim 1 , wherein assigning the NFTs to the cryptocurrency wallets includes registering the NFTs to a blockchain ledger and placing the digital assets in the cryptocurrency wallets.

12. The method of claim 1 , further comprising generating smart contracts each operable to authenticate ownership and to track transaction of each of the NFTs.

13. The method of claim 1 , wherein the physical product includes footwear and/or apparel, and wherein the digital representation includes a 2D or 3D virtual rendering of the footwear and/or apparel.

14. The method of claim 1 , wherein the multiple ones of the physical product are manufactured after generating the NFTs.

15. A computing system for provisioning cryptographic digital assets, the computing system comprising:
a communications device configured to connect with multiple computing devices of multiple users over a distributed computing network;
a virtual object generator operable to generate the cryptographic digital assets; and
a server computer connected to the communications device and the virtual object generator, the server computer being programmed to:
transmit, via the communications device over the distributed computing network to the computing devices of the users, virtual object retrieval options each enabling creation of one of a predefined limited number of non-fungible tokens (NFTs) with a digital asset displaying a digital representation of a physical product;
transmit a notification to manufacture multiple ones of the physical product displayed in the digital asset;
receive, via the communications device from the computing devices of the users, user requests to use the virtual object retrieval options;
assign, responsive to receiving the user requests, the NFTs to cryptocurrency wallets of a select subset of the users;
receive, from the computing devices of multiple ones of the users in the subset of users, trade requests to trade the NFT for the physical product; and
transmit a notification to ship the manufactured physical products to the users in the subset of users from which was received the trade requests.

16. The computing system of claim 15 , wherein the virtual object generator generates the predefined limited number of the NFTs responsive to receipt of the user requests to use the virtual object retrieval options.

17. The computing system of claim 15 , wherein the server computer is further programmed to remove the NFTs from the cryptocurrency wallets of the multiple ones the users submitting the trade requests.

18. The computing system of claim 17 , wherein the server computer is further programmed to assign replacement NFTs, distinct from the NFTs associated with the digital asset, to the cryptocurrency wallets of the multiple ones the users submitting the trade requests.

19. The computing system of claim 18 , wherein the replacement NFTs are associated with a different digital asset displaying a different digital representation of a different physical product.

20. The computing system of claim 15 , wherein the server computer is further programmed to:
receive, from the computing device of a first user of the users, an NFT-to-NFT trade request to trade the NFT of the first user for a new NFT; and
assign, responsive to receiving the NFT-to-NFT trade request, the new NFT to the cryptocurrency wallet of the first user.

Assignees

• Nike Inc

Inventors

• Andon Christopher
• Davis Matthew
• Pham Hien Tommy
• Schroeder Jeremy

Classifications

• H04L2209/60

  Digital content management, e.g. content distribution · CPC title

• H04W12/63

  Location-dependent; Proximity-dependent · CPC title

• H04L9/3226

  using a predetermined code, e.g. password, passphrase or PIN (network architectures or network communication protocols for supporting authentication of entities using passwords in a packet data network H04L63/083) · CPC title

• H04L9/50 Primary

  using hash chains, e.g. blockchains or hash trees · CPC title

• G06Q2220/00

  Business processing using cryptography · CPC title