NFT Minting via Dedicated Minter and Segmented Key Storage
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Solution Overview
Problem
Current digital asset technologies face challenges in efficiently creating and transferring non-fungible tokens (NFTs), particularly in securing personal keys and linking digital assets with tangible goods, while also addressing issues of security and transferability.
Innovation Solution
The proposed solution involves a method for minting NFTs that includes generating a minting request, sending it directly to a dedicated minter, and transferring the minted NFTs to a user-controlled digital wallet. Additionally, the solution enhances key security by encrypting digital wallet keys with multiple ciphers and storing them across different networks.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Speed
If NFT minting requests are sent through traditional multi-hop communication paths, then system security is maintained, but processing speed and efficiency deteriorate
Solution Approach 1:
The patent extracts the NFT minting function from the traditional multi-hop communication path and creates a dedicated minter that communicates directly with the API server. This separation removes the intermediate hops (load balancers, proxy servers) from the critical minting path, reducing communication latency and improving processing speed while maintaining security through the dedicated connection.
Solution Approach 2:
The patent establishes a dedicated minter in advance that is pre-configured to communicate directly with the API server. This preliminary setup eliminates the need for dynamic routing decisions during NFT minting operations, allowing requests to be processed immediately through the pre-established direct path, thereby improving speed and reducing complexity.
2Reliability
If digital wallet keys are stored in a single location for easy access, then ease of operation is improved, but security deteriorates
Solution Approach 1:
The patent divides the digital wallet key into multiple segments or parts, storing them in different locations (e.g., distributed across multiple servers or encrypted storage locations). This segmentation ensures that no single point of failure or breach compromises the entire key, maintaining security while allowing reconstruction of the full key through authorized combination of segments.
Solution Approach 2:
The patent introduces an intermediary mechanism (such as a key management service or distributed key storage system) that manages the segmented keys. This intermediary handles the complexity of key reconstruction and access control, allowing users to access their keys conveniently through the intermediary without directly managing the segmented storage, thus balancing security and ease of operation.
3Adaptability or versatility
If digital assets are fully decentralized on public blockchains, then adaptability is improved, but transaction verification time increases
Solution Approach 1:
The patent implements a hybrid approach where NFT minting and initial transactions are processed with higher priority or through expedited verification paths on the blockchain. This partial action (expedited processing for specific operations) reduces verification time for critical transactions while maintaining the decentralized nature of the blockchain, balancing adaptability with efficiency.
Data Source
AI summary
Methods and processes for faster and more efficient creation of NFTs while further enhancing the use and transferability of digital assets along with, or in conjunction with, tangible goods and other physical real world assets; methods for securing personal keys that allow for improved security of the physical key while simultaneously providing for transferability of the underlying digital assets; and methods for creation and activation of digital wallets, digital assets, and/or digital asset backed gift cards and the like.