US Patent Issued to Texas High Tech Holdings on July 14 for "Non-fungible tokens for tracking fungible assets" (Florida Inventor)

ALEXANDRIA, Va., July 14 -- United States Patent no. 12,682,318, issued on July 14, was assigned to Texas High Tech Holdings Inc. (Houston).

"Non-fungible tokens for tracking fungible assets" was invented by Jonathan Arneault (Gulf Breeze, Fla.).

According to the abstract* released by the U.S. Patent & Trademark Office: "The present disclosure describes creating and managing one or more tokens (e.g., non-fungible tokens) to represent one or more chemical properties, elemental properties, elemental components, parametric components, and/or molecular components of a resource (e.g. a commodity). The tokens may create an immutable record of a property right of the chemical properties, elemental properties, elemental components, parametric com...