US 12,321,924 B1
Dynamic token instrument using a protection architecture
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. 2, 2022, as Appl. No. 18/073,910.
Int. Cl. G06Q 20/36 (2012.01); G06Q 20/38 (2012.01); G06Q 40/04 (2012.01)
CPC G06Q 20/3672 (2013.01) [G06Q 20/3825 (2013.01); G06Q 40/04 (2013.01); G06Q 2220/00 (2013.01)] 19 Claims
OG exemplary drawing
 
1. A system of exchanging using dynamic non-fungible token (DNFT) exchange instruments, the system comprises:
a data processing system comprising one or more processors and a memory storing a control structure and computer executable instructions that, when executed by the one or more processors, cause the one or more processors to:
receive, from a client system, an issuance request for a DNFT exchange instrument identifying a non-fungible token (NFT) of an NFT account, the NFT comprising a link with a metadata object of an asset;
generate a quantitative value corresponding to the NFT;
generate the DNFT exchange instrument corresponding to the NFT, wherein the DNFT exchange instrument is encapsulated within a control structure that updates a plurality of internal states based on off-chain data of the asset, and wherein the control structure restricts an output of the DNFT exchange instrument;
transmit, to the client system, a digital DNFT exchange instrument representing the DNFT exchange instrument, the digital DNFT exchange instrument configured to generate a DNFT exchange object in response to exchange interactions with a plurality of exchange systems;
update the NFT account of a plurality of NFT accounts in an overlay ledger by recording ownership of the DNFT exchange instrument;
continuously monitor the asset based on collecting the off-chain data from one or more off-chain data feeds;
detect at least one internal state of the plurality of internal states requires updating based on the off-chain data; and
update the at least one internal state of the plurality of internal states of the DNFT exchange instrument.