US 12,282,903 B1
Format transformation of non-fungible token (NFT) via transfer by containerized data structures
Ashish B. Kurani, Hillsborough, CA (US); and Dennis E. Montenegro, Concord, CA (US)
Assigned to Wells Fargo Bank, N.A., San Francisco, CA (US)
Filed by Wells Fargo Bank, N.A., San Francisco, CA (US)
Filed on Dec. 16, 2022, as Appl. No. 18/083,284.
Int. Cl. G06Q 20/00 (2012.01); G06Q 20/06 (2012.01); H04L 9/08 (2006.01); H04L 9/14 (2006.01); H04L 9/32 (2006.01)
CPC G06Q 20/065 (2013.01) [H04L 9/0825 (2013.01); H04L 9/14 (2013.01); H04L 9/3213 (2013.01); G06Q 2220/00 (2013.01); H04L 2209/56 (2013.01); H04L 2209/60 (2013.01)] 9 Claims
OG exemplary drawing
 
1. A method of transferring an NFT in a financial institution from a source account associated with a first customer computing device to a recipient account associated with a second customer computing device, the method comprising:
registering, by an account processor, a non-fungible token (NFT) account to a customer associated with the first customer computing device;
receiving, by a mobile wallet computing system from the first customer computing device, a request to transmit an amount of fiat currency from the source account to the recipient account;
identifying, by an NFT transaction processor, an NFT linked with a first public and private key pair associated with the source account, having a transfer property indicating that the NFT is transferable from the source account, having a value property denominated in fiat currency, and having a volatility metric based on one or more requests to transfer the NFT prior to or concurrently with the request;
determining, by the NFT transaction processor, that a modified value property of the NFT based on the value property and the volatility metric satisfies a threshold based on the amount of fiat currency;
transferring, by the NFT transaction processor in response to the determining, the NFT from the first public and private key pair to a second public and private key pair linked with the NFT transaction processor and associated with an institution account of the financial institution;
generating, by the NFT transaction processor, a third public and private key pair linked with the second customer computing device and associated with the recipient account; and
transferring, by the NFT transaction processor in response to the determining, the amount of fiat currency from the second public and private key pair to the third public and private key pair.