US Patent Issued to AVC Innovations on April 7 for "Method, system and computer program product for collateralizing non-fungible tokens" (American, Bahraini Inventors)

ALEXANDRIA, Va., April 7 -- United States Patent no. 12,597,002, issued on April 7, was assigned to AVC Innovations LLC (Spearfish, S.D.).

"Method, system and computer program product for collateralizing non-fungible tokens" was invented by Bob G. Schlicher (Knoxville, Texas), David J. Todd (Spearfish, S.D.), Niels C. Skjoldager (Seminole, Fla.) and Shaikha Dheya Ebrahim Al Khalifa (Manama, Bahrain).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method of creating a SMARTPASS with computed estimated value including, a SmartHub computer processor system and data network, method including: receiving electronic requests to validate/authorize members and a purchase reporting request from a buyer and a financing...