US Patent Issued to MASTERCARD ASIA/PACIFIC on Feb. 17 for "Digitization of payment cards for Web 3.0 and metaverse transactions" (Singaporean Inventors)

ALEXANDRIA, Va., Feb. 17 -- United States Patent no. 12,555,106, issued on Feb. 17, was assigned to MASTERCARD ASIA/PACIFIC PTE. LTD. (Singapore).

"Digitization of payment cards for Web 3.0 and metaverse transactions" was invented by Srinath Ravinathan (Singapore), Karl Cheng (Singapore), Donghao Huang (Singapore), Shi Ler Shila Chew (Singapore), Dendy Gunawan (Singapore), Putu Arie Ganapathi (Singapore) and Phuoc Hoang Long Le (Singapore).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and techniques for digitization of payment cards for Web 3.0 ("Web3") and metaverse transactions are provided. The described systems and techniques allow for the use of non-fungible tokens (NFTs) to represent a payment ...