US Patent Issued to FRONTAGE ROAD HOLDINGS on Oct. 27 for "Blockchain cross-chain non-fungible token exchange" (California, Oregon Inventors)

ALEXANDRIA, Va., Oct. 27 -- United States Patent no. 12,775,922, issued on Oct. 27, was assigned to FRONTAGE ROAD HOLDINGS LLC (Wilmington, Del.).

"Blockchain cross-chain non-fungible token exchange" was invented by Josh Williams (Sacramento, Calif.) and Raymond A. Chiapuzio (Eugene, Ore.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods exchange a nonfungible token (NFT) via blockchain cross-chain fungible token transfers using first and second blockchains. The first blockchain holds the NFT in a first escrow digital wallet. The NFT is available for trade by a seller and is associated with a trade value. The first blockchain monitors a balance of fungible tokens, owned by a buyer, that are ...