System and method for providing cryptographically secured digital assets

Patent metadata

Field	Value
Publication number	US-12587375-B2
Application number	US-202318334839-A
Country	US
Kind code	B2
Filing date	Jun 14, 2023
Priority date	Dec 7, 2018
Publication date	Mar 24, 2026
Grant date	Mar 24, 2026

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:
receiving a first limited number of physical shoes; scanning, via an optical scanning device, the physical shoes to determine corresponding makes and models of the physical shoes; generating, via a virtual object generator using the makes and models of the physical shoes, a second limited number of non-fungible tokens (NFTs) each including a digital shoe displaying a digital representation of a respective pair of the physical shoes, wherein the second limited number is equal to the first limited number; registering the NFTs to a blockchain ledger; placing the NFTs with the digital shoes in a cryptocurrency wallet associated with a company possessing the physical shoes; assigning each of the NFTs to the respective pair of the physical shoes; receiving, via a computing node over a distributed computing network from a first computing device of a first user, an NFT request to acquire a first NFT of the NFTs; and assigning, responsive to receiving the NFT request, ownership of the first NFT and ownership of a first pair of the physical shoes to a first personal user account of the first user.

2 . The method of claim 1 , further comprising
receiving, via the computing node from the first computing device of the first user, a first NFT trade request to trade the first NFT for the first pair of physical shoes; and shipping, responsive to receiving the first NFT trade request, the first pair of physical shoes to the first user.

3 . The method of claim 2 , further comprising removing, responsive to receiving the first NFT trade request, ownership of the first NFT from the first personal user account of the first user.

4 . The method of claim 3 , further comprising returning, responsive to receiving the first NFT trade request, ownership of the first NFT to a cryptocurrency wallet associated with the company possessing the physical shoes.

5 . The method of claim 1 , further comprising generating a smart contract restricting transfer of the first pair of physical shoes separately from the first NFT.

6 . The method of claim 5 , further comprising:
receiving, via the computing node, notification of transfer of ownership of the first pair of physical shoes without transfer of ownership of the first NFT; and unraveling, in response to receiving the notification, ownership of the first NFT by the first user including returning ownership of the first NFT to the cryptocurrency wallet associated with the company possessing the physical shoes.

7 . A method of provisioning cryptographic digital assets, the method comprising:
receiving a first limited number of physical shoes; scanning, via an optical scanning device, the physical shoes to determine corresponding makes and models of the physical shoes; generating, via a virtual object generator using the makes and models of the physical shoes, a second limited number of non-fungible tokens (NFTs) each including a digital shoe displaying a digital representation of a respective pair of the physical shoes, wherein the second limited number is equal to the first limited number; registering the NFTs to a blockchain ledger; assigning each of the NFTs to the respective pair of the physical shoes; receiving, via a computing node over a distributed computing network from a first computing device of a first user, an NFT request to acquire a first NFT of the NFTs; assigning, responsive to receiving the NFT request, ownership of the first NFT and ownership of a first pair of the physical shoes to a first personal user account of the first user; receiving, via the computing node from the first computing device of the first user, an NFT transfer request to transfer the first NFT to a second user; and reassigning, responsive to receiving the NFT transfer request, ownership of the first NFT and ownership of the first pair of physical shoes to a second personal user account of the second user.

8 . The method of claim 7 , further comprising removing, responsive to receiving the NFT transfer request, the first NFT from the first personal user account of the first user.

9 . The method of claim 7 , further comprising:
receiving, via the computing node from a second computing device of the second user, a second NFT trade request to trade the first NFT for the first pair of physical shoes; and shipping, in response to receiving the second NFT trade request, the first pair of physical shoes to the second user.

10 . The method of claim 9 , further comprising removing, responsive to receiving the second NFT trade request from the second user, the first NFT from the second personal user account of the second user.

11 . The method of claim 7 , further comprising placing the NFTs with the digital shoes in a cryptocurrency wallet associated with a company possessing the physical shoes.

12 . The method of claim 1 , further comprising generating a plurality of smart contracts that authenticate ownership of and track transaction of the NFTs.

13 . The method of claim 1 , wherein the physical shoes include athletic sneakers and the digital representation includes a 2D or 3D virtual rendering of the athletic sneakers.

14 . The method of claim 1 , wherein generating the NFTs occurs after receiving the physical shoes.

15 . A computing system for provisioning cryptographic digital assets over a distributed computing network with a first computing device of a first user, the computing system comprising:
a communications device; a virtual object generator; an optical scanning device; and a server computer connected to the communications device and the virtual object generator, the server computer being programmed to: receive notification of obtaining a first limited number of physical shoes; scan, using the optical scanning device, the physical shoes to determine corresponding makes and models for the physical shoes; generate, using the virtual object generator based on the makes and models for the physical shoes, a second limited number of non-fungible tokens (NFTs) each including a digital shoe displaying a digital representation of a respective pair of the physical shoes, wherein the second limited number is equal to the first limited number; register the NFTs to a blockchain ledger; place the NFTs with the digital shoes in a cryptocurrency wallet associated with a company possessing the physical shoes; assign each of the NFTs to the respective pair of the physical shoes; receive, via the communications device over the distributed computing network from the first computing device of the first user, an NFT request to acquire a first NFT of the NFTs; and responsive to receiving the NFT request, assign ownership of the first NFT and ownership of a first pair of the physical shoes to a first personal user account of the first user.

16 . The computing system of claim 15 , wherein the server computer is further programmed to:
receive, via the communications device from the first computing device of the first user, an NFT trade request to trade the first NFT for the first pair of physical shoes; and responsive to receiving the NFT trade request, transmit a request to ship the first pair of physical shoes to the first user.

17 . The computing system of claim 16 , wherein the server computer is further programmed to remove ownership of the first NFT from the first personal user account of the first user responsive to receiving the NFT trade request.

18 . The computing system of claim 15 , whe

Assignees

• Nike Inc

Inventors

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

Classifications

• G06Q2220/00

  Business processing using cryptography · CPC title

• G06Q30/0185

  Product, service or business identity fraud · CPC title

• H04L9/50 Primary

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

• G06F16/284

  Relational databases · CPC title

• G06F7/588

  Random number generators, i.e. based on natural stochastic processes · CPC title