US Patent Issued to A&C Technology on July 14 for "Divisible non-fungible token and its applications" (California Inventors)

ALEXANDRIA, Va., July 14 -- United States Patent no. 12,682,391, issued on July 14, was assigned to A&C Technology Inc. (Newport Beach, Calif.).

"Divisible non-fungible token and its applications" was invented by Jiayi Luo (Newport Beach, Calif.), Hanhua Jiang (Newport Beach, Calif.), Hao Hsu (Newport Beach, Calif.), Shihao Li (Newport Beach, Calif.), Ye Zhao (Newport Beach, Calif.), Han Qin (Newport Beach, Calif.), Jiayang Qin (Newport Beach, Calif.) and Ruiming Wen (Newport Beach, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method of renting rentable items using NFTs receives a request from an owner to list a rentable item for rent, causes a distributed ledger system to mint an inheritable rent...