Containerized NFT Aggregation System
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Solution Overview
Problem
Current systems lack a comprehensive solution for containerizing non-fungible tokens (NFTs) to facilitate their combination, valuation, and transaction as a single entity, especially in scenarios involving multiple resources.
Innovation Solution
A system comprising a processing device and storage device that generates a containerized NFT by extracting resource information from multiple resources, determining their value, and recording it on a distributed ledger, allowing for the creation of a new containerized NFT upon adding or removing resources.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If multiple NFTs are combined into a containerized NFT, then transaction efficiency and ownership management are improved, but system complexity increases
Solution Approach 1:
The patent combines multiple individual NFTs representing different resources into a single containerized NFT. The processing device receives a request to containerize NFTs, extracts resource information from each individual NFT, and generates a new containerized NFT that represents the collection. This merging approach improves transaction efficiency by allowing the entire collection to be transferred or traded as a single unit rather than requiring separate transactions for each NFT.
Solution Approach 2:
The patent implements a nested structure where individual NFTs are contained within a parent containerized NFT. The containerized NFT includes metadata that references the individual NFTs it contains, creating a hierarchical relationship. This nesting approach maintains the integrity of individual NFTs while enabling collective management and transaction of the entire collection through the parent container.
2Measurement precision
If resource information is extracted and stored in containerized NFT, then valuation accuracy is improved, but data processing time increases
Solution Approach 1:
The patent performs preliminary extraction of resource information from individual NFTs when the containerized NFT is first created. The processing device extracts relevant metadata and resource details in advance, storing them within the containerized NFT structure. This preliminary action ensures that valuation information is readily available and accurate when needed, rather than requiring real-time extraction during each transaction or valuation event.
Solution Approach 2:
The patent creates a copy of essential resource information from individual NFTs and stores it within the containerized NFT. Rather than maintaining complex real-time links to all source data, the system copies critical valuation-relevant metadata into the container structure. This copying approach provides accurate valuation data while reducing processing time during transactions.
Data Source
AI summary
Systems, computer program products, and methods are described herein for containerization of non-fungible tokens (NFTs). The present invention is configured to electronically receive, from a computing device of a first user, a request for a containerized non-fungible token (NFT) for at least two resources; initiate a non-fungible token (NFT) generator on the at least two resources in response to receiving the request; extract resource information from the at least two resources; generate, using the NFT generator, the containerized NFT for the at least two resources, wherein the NFT comprises at least the resource information extracted from the at least two resources; and record the containerized NFT on a distributed ledger.