Patent WO-2022192693-A2 (WO)
Title: Digital assets, physical assets, and methods and apparatuses for generating, purchasing, redeeming, rendering, and authenticating such assets
Inventor: COLLEN BENNETT
Filed: 2022-03-11
Abstract: A method and apparatus for redeeming a digital asset for a physical asset is provided. The method includes receiving a first request to redeem a physical asset corresponding to a digital asset, wherein the first request comprises an indication of a cryptographic token on a distributed ledger corresponding to the digital asset. The method further includes validating the request. The method further includes updating the cryptographic token on the distributed ledger to include information regarding the physical asset. A method and apparatus for generating a digital asset for purchase by a user is also provided. The method includes generating a digital asset comprising a plurality of digital files, wherein each digital file of the plurality of digital files includes a digital representation of the digital asset in a respective file format for rendering the digital asset in a respective computing environment. The method further includes recording information related to the digital asset as a cryptographic token on a decentralized distributed ledger, said information including at least a cryptographic hash representing the digital asset, ownership information associated with the digital asset, and metadata identifying the location of the plurality of digital files associated with the digital asset. The method further includes receiving a request to purchase the digital asset comprising transaction information identifying the cryptographic token and a digital wallet associated with the user. The method further includes transmitting, upon validation of the request, to the digital wallet associated with the user information linking the user with the cryptographic token. A method and apparatus for authenticating a physical asset is also provided. The method includes obtaining information from a tag associated with the physical asset, wherein the information includes a uniform resource locater (URL) and encrypted information, wherein the encrypted information corresponds to a cryptographic token on a distributed ledger and information about the physical asset. The method further includes transmitting a first message towards an authentication server based on the URL, wherein the first message comprises the encrypted information. The method further includes receiving a second message from the authentication server, the second message comprising an indication of authenticity of the physical asset. A physical asset corresponding to a digital asset is also provided. The physical asset includes one or more components manufactured in accordance with one or more parameters for customizing the physical asset based on information associated with the digital asset. The physical asset also includes a tag associated with the physical asset, wherein the tag includes information comprising a uniform resource locater (URL) and encrypted information, wherein the encrypted information corresponds to a cryptographic token on a distributed ledger and information about the physical asset.