US Patent Issued to The Next Thing on July 21 for "Interoperable, wrapped tokens" (New York, Texas Inventors)

ALEXANDRIA, Va., July 21 -- United States Patent no. 12,689,671, issued on July 21, was assigned to The Next Thing Ltd. (Cayman Islands).

"Interoperable, wrapped tokens" was invented by Gregory Di Prisco (New York), Antonina Cherednichenko (New York) and Pierrick Turelier (Austin, Texas).

According to the abstract* released by the U.S. Patent & Trademark Office: "Provided is a process including: minting a base token with a base-token smart contract on a blockchain; wrapping the base token with a first-type of wrapper token with a first wrapper smart-contract on the blockchain; receiving a request to transfer the base token to a second-type of wrapper token; and in response to receiving the requested transfer: unwrapping the base token fro...