US Patent Issued to Zelus Wallet on Oct. 20 for "Non fungible token (NFT) based licensing of digital media" (Texas Inventor)

ALEXANDRIA, Va., Oct. 21 -- United States Patent no. 12,770,136, issued on Oct. 20, was assigned to Zelus Wallet LLC (Dallas).

"Non fungible token (NFT) based licensing of digital media" was invented by Kyle Thomas Mistele (Dallas).

According to the abstract* released by the U.S. Patent & Trademark Office: "NFTs are used to provide software licensing and DRM in a manner that is transferrable, allowing licensees to swap and resell licensed software according to terms specified by the licensor. NFTs are used to prove ownership of software and other digital assets on a blockchain. The blockchain provides a distributed public ledger that enables the tracking of ownership of the assets, without the use of a centralized server. Since software a...